合理看待2%的通胀目标，促进物价合理回升要发挥政策合力

Group 1 - The core inflation target of around 2% in China should be viewed from a medium to long-term perspective, as the effects of macroeconomic policies, especially monetary policy, typically have a time lag [1][3] - Major price indicators have shown signs of stabilization and recovery, with the CPI rising to 0.2% year-on-year in October, and the core CPI increasing by 1.2%, marking the highest growth since March 2024 [1][2] - The current low inflation is attributed to various factors on both supply and demand sides, and a combination of macroeconomic policies is needed to promote reasonable price recovery [1][4] Group 2 - The recent macroeconomic policies have been more proactive, with a focus on promoting consumption and improving living standards, which has led to a solidifying economic recovery [2][5] - The contribution rate of consumption to economic growth reached 53.5% in the first three quarters, an increase of 9 percentage points from the previous year, highlighting the growing role of consumption as an economic driver [5] - The shift in macroeconomic policy thinking is evident, moving from a heavy reliance on investment to a greater emphasis on consumption and social welfare, which is expected to enhance residents' consumption capacity and willingness [3][5]