“反内卷”离不开扩需求政策的配合｜宏观晚6点

Group 1: Macro News - The first consumer promotion document after the Fourth Plenary Session has been released, focusing on enhancing the adaptability of supply and demand for consumer goods through 19 key tasks across five areas [1] - By 2027, the supply structure of consumer goods is expected to be significantly optimized, forming three trillion-level consumption fields and ten hundred-billion-level consumption hotspots [1] - By 2030, a high-quality development pattern characterized by positive interaction and mutual promotion between supply and consumption is anticipated, with a steady increase in the contribution rate of consumption to economic growth [1] Group 2: Corporate Actions - Guangdong Province is exploring the inclusion of mergers and acquisitions, as well as asset revitalization, into the performance evaluation system for state-owned enterprises [2] - The plan encourages listed state-owned enterprises to flexibly utilize financing tools such as targeted issuance, special convertible bonds, and acquisition loans to strengthen and expand their operations [2] Group 3: Telecommunications Industry - As of the end of October, the total number of 5G base stations reached 4.758 million, with a net increase of 507,000 compared to the end of the previous year [3] - 5G base stations account for 37% of the total mobile base stations, with an increase of 0.4 percentage points compared to the third quarter [3]