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The decision-makers have firm and clear confidence in the stability of the property market and the stock market.While resolving the crisis, local governments have much to offer.First, implement more active and promising macro policies to stabilize the property market and stock market. The Central Economic Work Conference clearly stated that more active and promising macro policies should be implemented next year to expand domestic demand and stabilize the property market and stock market. This shows that the government will improve the effectiveness of macro-control through unconventional countercyclical adjustment of fiscal and monetary policies.

Third, moderately loose monetary policy, timely RRR cuts and interest rate cuts. Politburo meeting of the Chinese Communist Party proposed to implement a moderately loose monetary policy, which is the policy tone put forward again after many years. It is expected that there will be greater interest rate cuts and RRR cuts next year. The adjustment of the expression of monetary policy from "steady" to "moderately loose" means that China will continue to adhere to a supportive monetary policy stance and maintain a reasonable and sufficient liquidity.This is the reason why consumer stocks have risen.Fourth, vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions. The meeting stressed the need to vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions. This includes the implementation of special actions to boost consumption, efforts to expand the scope of implementation of the two new policies, greater support for the two projects, and strengthening financial and financial cooperation.

Fourth, vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions. The meeting stressed the need to vigorously boost consumption, improve investment efficiency and expand domestic demand in all directions. This includes the implementation of special actions to boost consumption, efforts to expand the scope of implementation of the two new policies, greater support for the two projects, and strengthening financial and financial cooperation.The decision-makers have firm and clear confidence in the stability of the property market and the stock market.While resolving the crisis, local governments have much to offer.