广发证券郭磊：抢占2026年先机，要紧盯这三大关键时间节点

Group 1 - The first key time point is early March during the National People's Congress (NPC), where the annual economic growth target and major policy resource allocations will be clarified, particularly focusing on fiscal funding directions [2] - The second key time point is in mid to late March, when local investment conditions will start to become clear, coinciding with the traditional peak construction season, allowing for assessment of overall investment density and strength through key physical workload indicators [2] - The third key time point is the second quarter, which serves as an important window for observing consumer activity, as specific policy frameworks and benefits will be released following the NPC's direction to enhance consumption rates [3]