#中美贸易关系 , but next there is the Federal Reserve meeting, and the key is still to see Powell's attitude in his speech.

Now let's talk about our situation, there are a few core data points:

First, the deficit rate is set at 4%. Previously, we mainly focused on 3, and this is the first time in recent years that the deficit rate has been raised. To explain, this means the government is willing to take responsibility, which means it is ready to inject liquidity.

Second, the inflation data is set at 2%. Previously it was 3, but now the monthly CPI is around 0 point something, making the target of 3 too far off.

This adjustment of the target is a positive sign, indicating that the higher-ups have recognized the problems and are facing them. This is a very significant positive.

Third, issuing 1.3 trillion in special national bonds, which is slightly less than the market expected, but there is one point worth noting: this time 500 billion was issued to support state-owned major commercial banks in supplementing their capital.

There are rumors that this will rescue the banks, and this round has come to fruition. Why do banks, making such large profits every day, still need to issue bonds? Because while banks are making money, they also bear the huge burden of real estate. Rescuing real estate is too difficult, so it is better to ensure the banks remain as a support.