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The prefix of "more active" fiscal policy last year was "active" fiscal policy, so a comparison is a progressive relationship;If you carefully understand these changes in wording, you can feel the great difference.Overall, this is a good thing for A shares.

This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:The market fluctuated slightly, but after the A-shares closed at 3 o'clock, the Hong Kong stocks that closed at 4 o'clock started a surge mode: Hang Seng Technology rose by 4.3%, Hang Seng Index rose by 2.76%, and the rising time was around 15: 20.We should vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions.

After the terminal consumption, it has an obvious pulling effect on the middle industry, and the PMI in October and November has also returned to above 50.Overall, this is a good thing for A shares.If you carefully understand these changes in wording, you can feel the great difference.