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Third, the tone of monetary policy has been adjusted from "steady" to "moderately loose", and China will implement a "moderately loose" monetary policy. This is the first time that high-level officials have put forward this statement since 2011, and it is also the first time after the world financial crisis;Construction Machinery Co., Ltd.: Politburo meeting of the Chinese Communist Party, release the six signals, and the construction machinery will be one word, and "dry" will be finished.Fifth, "expanding domestic demand" is expanded to "expanding domestic demand in an all-round way". To expand domestic demand, investment must keep up, infrastructure projects will help people get rich, and consumption will naturally rise;

Construction Machinery Co., Ltd.: Politburo meeting of the Chinese Communist Party, release the six signals, and the construction machinery will be one word, and "dry" will be finished.Second, the tone of fiscal policy has been changed from "active" to "more active". At this Politburo meeting, the expression "more" was added before "active fiscal policy" for the first time, indicating the determination and intensity of fiscal expansion and policy overweight, and the subsequent fiscal efforts can be expected;Third, the tone of monetary policy has been adjusted from "steady" to "moderately loose", and China will implement a "moderately loose" monetary policy. This is the first time that high-level officials have put forward this statement since 2011, and it is also the first time after the world financial crisis;

Fifth, "expanding domestic demand" is expanded to "expanding domestic demand in an all-round way". To expand domestic demand, investment must keep up, infrastructure projects will help people get rich, and consumption will naturally rise;Third, the tone of monetary policy has been adjusted from "steady" to "moderately loose", and China will implement a "moderately loose" monetary policy. This is the first time that high-level officials have put forward this statement since 2011, and it is also the first time after the world financial crisis;Fourth, "strengthening counter-cyclical adjustment" is upgraded to "strengthening unconventional counter-cyclical adjustment". The "extraordinary" counter-cyclical adjustment in 2025 may be reflected in many aspects such as more active policy thinking, richer tools, greater operation, more pertinence and comprehensiveness.