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While resolving the crisis, local governments have much to offer.I pay special attention to four important meetings these days.After more than a decade, it will be relaxed, which shows the directional measures to ease the economic pressure.

Second, high deficit, special national debt and special debt quota. The fiscal policy in 2025 will be more active and promising, and it is expected to increase the deficit ratio, special national debt and special debt quota. In 2024, the fiscal deficit ratio will be arranged at 3%, and the scale of ultra-long-term special bonds will be 1 trillion yuan, and the amount of new special bonds for local governments will be 3.9 trillion yuan. It is estimated that the government's borrowing will increase significantly in 2025.While resolving the crisis, local governments have much to offer.While resolving the crisis, local governments have much to offer.

This is the reason why consumer stocks have risen.