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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.This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents:

Fiscal policy and monetary policy are important ways to regulate the economy.Therefore, consumption is our focus for a long time to come, and it is also often said: to open up the big cycle of domestic consumption. Next year, we will issue 1 trillion special treasury bonds and make a fuss about consumption.Steady is the key word. Our goal is not to stimulate the stock market, but to develop the economy and transmit it to the economy.

Then there is "improving investment efficiency". I want to tell you here that improving investment efficiency is not to improve investment yield, and we can't draw an equal sign directly. There is only one sentence directly related to the stock market in the full text:Good, return! China's assets broke out in an all-round way. What should we do on December 10th?This is very close to the time when the full draft of the meeting was released. Let me show you some of the contents: