市场周观察02月第4期：两会有何预期？

Group 1 - The core policy tone remains "seeking progress while maintaining stability," emphasizing economic adjustment and structural reform since 2012, with a focus on innovation and proactive measures in 2024 [1][9][10] - The 2024 Two Sessions will highlight the need for proactive measures in economic development, particularly in transforming and upgrading industries while maintaining stability [1][10] - The 2025 economic development goals include maintaining stable growth, employment, and overall price stability, while promoting income growth in sync with economic growth [2][14] Group 2 - Short-term work priorities include boosting consumption, stabilizing foreign investment, and adjusting industrial structure, which align with the tasks outlined in the Central Economic Work Conference [2][13] - The importance of technology industries, particularly AI, is emphasized as a means to enhance productivity and drive economic growth [2][14] - The report indicates a shift from government-led investment to foreign and private investments, highlighting the need for structural adjustments in industries to address mismatches in supply and demand [2][14] Group 3 - The report outlines specific measures to boost consumption, such as supporting income growth and enhancing service consumption, which are crucial for expanding domestic demand [15] - It emphasizes the need for structural adjustments in key industries to resolve existing contradictions and promote healthy development [15] - The report suggests that foreign investment plays a significant role in job creation and industrial upgrading, advocating for more practical measures to stabilize and increase foreign investment [15]