Another piece of news from Reuters.
Reuters quoted two informed sources today and released an exclusive news report:$BTC
· First, China's budget deficit ratio for next year is planned at 4% (which aligns with the GDP target of around 5%), reaching a record high (this year it is 3%); the deficit ratio target is one of the most closely watched indicators globally and can serve as a barometer for assessing policy intentions.
· Second, the economic growth target of 'around 5%' will remain unchanged in 2025.
This news was released during the trading session, seemingly intended to boost the market. After the announcement, the stock market rose in response. However, strictly speaking, the timing of the release wasn't ideal, as global investors are cautiously awaiting the Federal Reserve's decision and are hesitant to increase their bets before that; this news is likely to be drowned out in the flow of news.
This is major news for the market, but it can be expected. We pointed out earlier in the (Global Market Strategy) that the wording of the press release after last week's important meeting actually aligns with the GDP target of around 5%. However, it is necessary to consider the issue from multiple angles; '5%' is not an easily achievable target, which means resources will be inclined towards short-term strategies, and the pace of achieving long-term goals will be adjusted.
Overall, the market did not provide strong feedback. Gold is the best reference indicator; if recognized by overseas investors, gold prices will see a significant increase, just like in September this year.#加密用户突破1800万
