Macro comments
On February 17, Chang Tiewei, deputy director of the Employment Department of the national development and Reform Commission, said at the press conference of the national development and Reform Commission that focusing on the strategic objectives and practical path of achieving common prosperity, the national development and Reform Commission will continue to strengthen research on major issues and policy-making, and promote the formulation and promulgation of the action platform for promoting common prosperity in accordance with the unified decision-making department of the CPC Central Committee. （Wind）
Comments: the excessive gap between the rich and the poor will lead to demand side problems such as insufficient domestic demand, as well as supply side problems such as weakening innovation power, which will directly restrict economic growth. In order to increase consumer demand and develop the Chinese market, income should be inclined to low-income people, which requires common prosperity. Common prosperity promotes the improvement of consumption quality and quality of life. Common prosperity emphasizes equal opportunities and income. More importantly, the income growth of low-income groups can promote the growth of consumption. Promoting common prosperity through rural revitalization is a major and urgent strategic task. Rural Revitalization is another consolidation and effective connection of poverty alleviation. It can effectively prevent rural residents from returning to poverty again. It is also a key link to achieve common prosperity. This year’s central economic conference also stressed the need to put the improvement of comprehensive agricultural production capacity in a more prominent position, continue to promote the construction of high-standard farmland, and deeply implement the action to revitalize the seed industry.
Key macro developments
[1] since the beginning of 2022, in a month and a half, local governments have frequently issued “stabilizing the property market” policies, and the deeply adjusted Chinese real estate market has also begun to show signs of stabilization. According to the statistics of Zhongyuan Real Estate Research Institute, since 2022, nearly 80 real estate related policies have been issued in China, including nearly 40 supportive policies to stabilize the real estate market. (China News Agency)
[2] on February 16, the Ministry of agriculture and rural areas, together with the national development and Reform Commission, the Ministry of science and technology and other departments, issued the national pesticide industry development plan for the 14th five year plan to promote the merger and reorganization of pesticide production enterprises and improve the industrial concentration. （Wind）
Risk tips: Overseas epidemic situation exceeds the expected fluctuation risk and monetary policy change.
