The middle of February is coming to an end. From the meso high-frequency data, on the one hand, the terminal demand is mixed. The decline in the growth rate of real estate sales in 35 cities has narrowed, while the decline in the growth rate of passenger car batch and zero sales of the passenger Federation has expanded; On the other hand, industrial production continued to recover, the decline in the growth rate of steel output of steel enterprises narrowed, the growth rate of coal consumption in power generation of power plants rose synchronously, and the operating rates of major industries such as automobile, chemical industry and steel also rose more or fell less, but on the whole, the recovery progress is not fast.
Recently, the national Standing Committee deployed and determined measures to promote the steady growth of the industrial economy and the relief and development of industries with special difficulties in the service industry. The national development and Reform Commission subsequently issued documents to further refine the policy deployment. On the one hand, the policy focuses on "reducing costs" for enterprises by all means, including financial tax reduction and fee reduction support, financial credit measures to guide the financial system to make profits to the real economy, maintaining supply and stable prices and reducing the cost of materials and energy; On the other hand, the policy also emphasizes that the business constraints of some industries should be relaxed, especially in the service industries greatly affected by the epidemic, all localities should implement the requirements of "accurate epidemic prevention", including the implementation of shutdown measures and extension of shutdown time for restaurants, supermarkets, scenic spots and cinemas without flow adjustment and policy basis. In the context of policy assisted enterprise rescue, the "triple pressure" of China's economy is expected to gradually ease, and the economy may maintain a recovery momentum.
