Economic Overview - The report indicates that the long-term supportive conditions for China's economy remain unchanged, with a projected GDP growth rate of 2.7% for 2024 after adjustments[49] - The central bank plans to implement a moderately loose monetary policy to match the growth of social financing and money supply with economic growth and price expectations[19] Market Trends - The agricultural sector, particularly the oilseed segment, shows strong performance due to tight supply caused by the transition to biodiesel[11] - Gold is highlighted as a strong investment option, especially with the recent resumption of gold purchases by the People's Bank of China, which is expected to provide a positive outlook[11] Risks and Challenges - Geopolitical risks, particularly in the energy sector, pose an upward risk to prices, while global economic downturns could negatively impact risk assets[12] - The Federal Reserve's unexpected tightening could also lead to downward pressure on risk assets[12] Policy Developments - The central government is focusing on enhancing the integration of domestic and foreign trade, with significant reforms planned for 2025[17] - The Ministry of Finance is promoting fair competition in government procurement to optimize the business environment[17] Key Events - Major economic indicators, including PMI and inflation data, are scheduled for release in January 2025, which will be crucial for assessing economic health[15]
宏观大类周报：春节日历效应逐步显现 市场稍显平淡
Hua Tai Qi Huo·2024-12-29 08:06