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While resolving the crisis, local governments have much to offer.

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.This is the reason why consumer stocks have risen.

Four important messages from important meetings are the most powerful support for the slow bull market in the stock market.While resolving the crisis, local governments have much to offer.I pay special attention to four important meetings these days.