宏观策略周报：12月M1和M2增速双双回升，24年国内GDP同比增长5%

Group 1 - The report indicates that the broad money supply (M2) reached 313.53 trillion yuan at the end of December 2024, reflecting a year-on-year growth of 7.3%, while the narrow money supply (M1) decreased by 1.4% to 67.1 trillion yuan [2][11] - The total social financing stock was 408.34 trillion yuan at the end of 2024, with a year-on-year increase of 8%. The balance of RMB loans to the real economy was 252.53 trillion yuan, up 7.2% year-on-year [2][11] - The GDP for 2024 was reported at 13,490.84 billion yuan, marking a 5.0% increase from the previous year, with the first, second, and third industries growing by 3.5%, 5.3%, and 5.0% respectively [3][18] Group 2 - The report suggests focusing on investment opportunities driven by policy and industry trends, particularly in emerging sectors such as artificial intelligence and low-altitude economy [5][29] - It highlights the potential for growth in sectors benefiting from increased domestic demand, including food and beverage, home appliances, and automobiles [5][29] - The report emphasizes the importance of debt relief measures that could enhance local governments' liquidity and stimulate economic development, recommending attention to companies serving government clients and the infrastructure supply chain [5][29]