Having ideas doesn't equal results. From the recent press conference, it seems there's still a hope to reverse deflation with small costs. After all, it takes time for policies to be implemented and take effect. However, the sharp rise in the stock market has shifted some thinking toward conservative stability to prevent financial risks. But little do they know, this approach requires even more meticulous refinement. Determination is visible, but there's still a lack of intensity. Hopefully, stronger measures will follow. Right now, the hesitation to do things well has instead cost more confidence.

Longbridge - 京城Z先生
京城Z先生

Morgan Stanley commented on the NDRC press conference: Even government officials need to learn, as they can't always say what the capital market wants to hear. After the press conference, we all received inquiries asking for feedback on market sentiment. However, expectations haven't changed because policymakers deeply understand that if they don't combat deflation, their own fiscal revenues will be affected, and local governments will struggle to sustain operations. This is the real pain point, and they will definitely find ways to address it.$Direxion CSI 300 China(CHAU.US)$Direxion FTSE China Bull 3X(YINN.US)

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.