宏观策略周报：受春节错月等因素影响国内2月份物价有所回落，美国2月CPI超预期“降温”

Investment Highlights - The report indicates that the economic growth target for this year is set at 5%, reflecting a careful consideration of the complex domestic and international development environment [18] - The monetary policy is expected to remain moderately loose, with an emphasis on maintaining ample liquidity and aligning social financing scale with economic growth [18][19] - The fiscal policy is projected to be more proactive, with a deficit rate planned at around 4%, the highest since 2010, indicating a willingness to increase leverage [19] - The real estate market is prioritized for stability, with ongoing efforts to prevent and mitigate risks in key areas [19][20] - Consumer spending is highlighted as a top priority in the government's agenda, aiming to restore and expand consumption to drive economic growth [20] Market Overview - The report provides a summary of major index performances, with the Shanghai Composite Index increasing by 1.4% and the Shenzhen Component Index rising by 1.2% over the week [22] - The report also notes the performance of various sectors, with significant fluctuations observed in industries such as beauty care, food and beverage, and coal [23] - Trading volumes in the market are analyzed, showing a trend in transaction amounts across the exchanges [25]