如何看待超预期的经济增长？

Group 1: Economic Growth Overview - In Q4 2024, actual economic growth accelerated from 4.6% to 5.4%, surpassing market expectations of 5%[3] - The annual economic growth target of 5% was successfully achieved, with cumulative growth rising from 4.8% in the first three quarters to 5.0%[3] - Despite high growth, the price index (CPI) decreased, with Q4 CPI dropping from 0.5% to 0.2% and PPI declining from -1.8% to -2.57%[3] Group 2: Weaknesses in Economic Growth - Two key weaknesses identified: consumer spending inclination remains below pre-pandemic levels by over 1 percentage point, at 68.32%[18] - Real estate investment continues to drag down overall investment growth, with December fixed asset investment growth at 3.2%, down from 3.3%[18] - Manufacturing investment growth declined by 0.1 percentage points, while real estate investment fell by 0.2 percentage points in December[18] Group 3: Policy Recommendations - Continued policy stimulus is essential to address the identified weaknesses in consumer spending and real estate investment[22] - New stimulus measures are necessary to accelerate the recovery of consumer spending, as the restoration of consumer inclination is a gradual process[22] - Infrastructure investment is recommended as a fast variable to offset the challenges posed by the real estate sector, with a focus on increasing funding tools for infrastructure projects[22]