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.
Reducing mortgage rates, revitalizing existing land with special bond issuance, adjusting housing purchase restrictions, and digesting existing commodity houses. I really do not look good on real estate...