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While resolving the crisis, local governments have much to offer.After more than a decade, it will be relaxed, which shows the directional measures to ease the economic pressure.The implementation of these policies aims to stabilize expectations, stimulate vitality, promote sustained economic recovery, continuously improve people's living standards and maintain social harmony and stability. Through these measures, the government hopes to promote economic growth, improve people's quality of life, and lay a solid foundation for achieving a good start in the Tenth Five-Year Plan.

I pay special attention to four important meetings these days.First, implement more active and promising macro policies to stabilize the property market and stock market. The Central Economic Work Conference clearly stated that more active and promising macro policies should be implemented next year to expand domestic demand and stabilize the property market and stock market. This shows that the government will improve the effectiveness of macro-control through unconventional countercyclical adjustment of fiscal and monetary policies.After more than a decade, it will be relaxed, which shows the directional measures to ease the economic pressure.

The decision-makers have firm and clear confidence in the stability of the property market and the stock market.I pay special attention to four important meetings these days.