川财证券研究所晨报

Group 1 - The government plans to issue long-term special bonds for several consecutive years, starting with 1 trillion yuan this year, aimed at supporting major national strategies and enhancing security capabilities in key areas [1][13] - The focus on developing new productive forces is emphasized, with technology identified as a key factor for improving production efficiency and driving high-quality development [1][7] Group 2 - In the first two months of the year, the industrial value added above designated size increased by 7.0% year-on-year, which is a slight acceleration compared to December of the previous year [10][38] - Real estate development investment reached 118.42 billion yuan, showing a year-on-year decline of 9.0%, with residential investment down by 9.7% [10][38] Group 3 - The GDP growth target for the year is set at around 5%, slightly lower than the previous year's growth of 5.2%, but still considered a solid growth rate given the low base from the pandemic-affected year [35][69] - The report highlights the importance of expanding domestic demand and promoting consumption and investment as key drivers for economic growth [30]