The general direction set by the economic work conference for next year's economic work is to give priority to stability and moderately correct deviations. This policy direction has been shown in the Politburo meeting in December and a series of earlier policy signals. Compared with the meeting of the Political Bureau, the economic work conference will add some details and new formulations in the general direction. These details and new formulations are also very important for understanding future economic policies.
Pay attention to six new formulations: cross cycle and counter cycle macro-control policies should be organically combined; Set "traffic lights" for capital; There should be sufficient resources to resolve risks; Realize the transformation from "double control" of energy consumption to "double control" of total carbon emission and intensity as soon as possible, and the new renewable energy and raw material energy will not be included in the total energy consumption control; Primary product supply guarantee; Must have systematic thinking.
Risk tip: the downward pressure on the economy is higher than expected; The strength of steady growth policy is lower than expected; The epidemic situation exceeded expectations
