At the beginning of the year, let's talk about the chinese economy, which is of concern to all。
A lot of people may get a little dizzy with all kinds of information♪ ice-fire ♪But the fire got stronger. Overall, this year will be better than last year。
Let's not keep looking at the cold data and the troubles, but focus on the hot, promising places。
Let's start with the "fire" side. That's really hot。
The first thing that makes people angry is our exit. Never mind the size of the storm outside, chinese manufacturing still displays remarkable resilience and steady footholds. It's the bottom of our real economy. Nobody can take it。
The second highlight is our stock market. After years of ups and downs, this year can be said to have seen a solid turning point and to have been firmly on its feet。
This is not just a change in numbers, but a return to confidence. The policy direction is very clearCapital marketsI don't know。
An active and healthy financial market is at the heart of the entire economic blood cycle. Over the past two years, monetary policy has undergone significant adjustments to this end, with the aim of creating and moving capital markets forward。
So, in financial terms, the environment is unprecedented。
The third fire is also the core engineArtificial intelligenceFor the representativeNew industriesThe explosion of growth。
It's not just a sting, it's a wave. From semiconductors, algorithms, to ai's own applications, to downstream robots, innovations, new materials。
Even our familiar new energy, our great health, and our new cultural industries, such as the novel comics, are all set on fire. That's what we used to call artificial intelligence plus, which is reshaping every industry。
We ordinary people can't take every opportunity. All you need to do is focus on one or two industries, for example, on artificial intelligence and robotics, or on one of the subdivisions。
Human energy is limited, and when you eat one thing, you will find your day。
Again, the ice side is still there, but the coldest may have passed。
Now the biggest drag is real estate. The industry is still in a adjustable downway and has not completely slowed down. But the good news is that its negative impact on the entire economy is slowly diminishing。
It's like a heavy burden, with backs, but a little less。
The second challenge is consumption and domestic demand. The money is tight, and the will to pay is naturally low. This is indeed a barrier in the current economic cycle and a focus for policy responses。
Consumption is a lasting engine of economic growth, and the problem must be addressed and is being addressed。
You see, on the one hand, “fire cooking oil” in exports, stock markets, and the new industry in ai, and on the other hand, “cool still exists” in real estate and consumption, which is typical of “ice fires”。
My advice is, don't just stand there shaking in the ice, lean to the fire and see what's going on there。
Finally, why say this is better than last year? Because the warm wind of policy is continuing。
Central economic work conference has a very clear and heavy tone: fiscal policy needs to work, mainly in terms of debt and spending, and monetary policy needs to work, with interest-rate reductions in the toolbox。
These macro-policy combinations are designed to provide economic support and boost markets. Together, they constitute a broad environment that is mutually beneficial to the fundamentals, to the policy, and to the financials。
Thus, in general, the chinese economy in 2026 was a year of farewell to the past and towards the future. Old drags are diminishing and new kinetic energy is gaining momentum。
The ice will melt, and the fire will melt. All we have to do is look at this trend and stand by the fire。
