Regarding some personal opinions on the State Council's press conference on October 8th

Let me start with the conclusion, I am still optimistic about the trend of the A-share bull market this time. Personally, I also firmly believe that our country's economy is stable and improving, with steady progress and development.
Below are some key points of the press conference:
1. New and major equipment updates, consumer goods for trade-ins
Regarding the subsidy for trading in old home appliances, in addition to 8 categories of nationally designated products such as refrigerators, washing machines, televisions, air conditioners, Guangxi has added 7 new products including dishwashers, steam baking machines, robotic floor sweepers, smart door locks, and smart toilets, increasing the subsidized home appliance products to 15 categories. Guangxi has also introduced for the first time a subsidy program for trading in old electric bicycles.

I am not very optimistic about this because these products mostly belong to high-end durable goods, high expenses are one aspect, high transportation costs, these second-hand home appliances will not be resold, will it be energy-saving, low-carbon, and will handling these second-hand home appliances save energy? These items are not daily necessities and will not play a significant role in driving consumption.

Expand the consumption of retirement and childcare services.
The fundamental issue of population aging is the severe shortage of newborns. However, I believe the key issue lies in insufficient guarantee systems, with the retirement and childcare pressures being too great. Policy support may be bullish for medical.

Do not impose fines arbitrarily, conduct inspections arbitrarily, or seal off arbitrarily.
This indeed greatly assists business production by reducing arbitrary sealing off, inspections, and private gain under the guise of public interest.

Promote the stabilization of the real estate market.
Lower mortgage rates, revitalize existing land through special bond issuance, adjust housing purchase restrictions, and digest inventory of commercial housing. I really am not bullish, real estate investment must still be approached cautiously.

Boost the capital markets.
Guide the entry of medium-to-long-term funds into the market, support the entry of insurance companies into the market, and reform public funds. It can only be said that the implementation of policies is eagerly awaited.

Attracting foreign investment.
Cliché, lacking substantial content.

7. 5% economic growth target.
Summarized the above points, with a growth rate of 5% in the first half of the year, stable development in the third quarter, and a continuous emergence of comprehensive incremental policies. No substantial content either. Personally, I am bullish that this year's paper growth rate can reach 5%.

8. Full employment.
Increase employment growth points, enhance the effect of emerging industries, and expand the employment space of the service industry. This year's number of graduates is 12 million, and I feel that the unemployment rate will not be greatly improved.

9. Ensuring energy security and stabilizing the prices of daily necessities.
Coal production is stable, power plants have sufficient coal reserves, the national installed capacity of electricity reaches 3.13 billion kilowatts, and more than half of the power generation capacity comes from renewable energy. There is an increase in grain production, and pork production is at a reasonable level. It is good to appropriately control the price growth rate while there is economic and wage growth. The fear is if prices rise, the paper economy rises, wages do not rise, leading to high employment pressure, inability to afford houses, raise children, and if the stock market is still in the red, that would truly be impressive.