
Top Ten Securities Firms Outlook for 2025 Chinese Economy: Revitalizing Domestic Demand Grand Narrative, Consumption May Be the Only "Certainty," Real Estate Enters "Bottoming" Stage

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Most believe that one of the key themes of next year's policy is to boost domestic demand and stabilize prices. TF SECURITIES believes that consumption, supported by policy, will offset the impact of tariffs, and the downward pressure on prices will gradually ease next year. CICC pointed out that the economy is expected to move towards "semi-inflation" next year, with reducing the debt burden and direct fiscal support for people's livelihoods being the two main tools to boost domestic demand
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