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Fiscal policy and monetary policy are important ways to regulate the economy.If you carefully understand these changes in wording, you can feel the great difference.The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;

Then there is "improving investment efficiency". I want to tell you here that improving investment efficiency is not to improve investment yield, and we can't draw an equal sign directly. There is only one sentence directly related to the stock market in the full text:We should vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions.This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:

If you carefully understand these changes in wording, you can feel the great difference.Implement a more active fiscal policy and a moderately loose monetary policy.Steady is the key word. Our goal is not to stimulate the stock market, but to develop the economy and transmit it to the economy.