Huang Wentao, chief economist at CITIC Construction Investment, said at the 2025 capital market summit that China is embarking on China's path of innovation, transformation and high-quality development. The “revival of confidence” in A-shares can be expected in the future, and the appreciation of core wealth is of far-reaching significance. Affected by strengthened policies, the two major markets, real estate and stock, have stopped falling and stabilized, and have begun to bear fruit. There is plenty of room for improvement in fiscal policy in 2025. Macroeconomic policies will focus on both the supply side and the demand side. Technology and domestic demand are expected to benefit. Looking forward to the future, China is still moving forward on the path of industrialization, globalization, and modernization, and the transformation of enterprises from exporting to overseas is also a path of transformation and upgrading.

Huang Wentao, chief economist at CITIC Construction Investment, said at the 2025 capital market summit that China is embarking on China's path of innovation, transformation and high-quality development. The “revival of confidence” in A-shares can be expected in the future, and the appreciation of core wealth is of far-reaching significance. Affected by strengthened policies, the two major markets, real estate and stock, have stopped falling and stabilized, and have begun to bear fruit. There is plenty of room for improvement in fiscal policy in 2025. Macroeconomic policies will focus on both the supply side and the demand side. Technology and domestic demand are expected to benefit. Looking forward to the future, China is still moving forward on the path of industrialization, globalization, and modernization, and the transformation of enterprises from exporting to overseas is also a path of transformation and upgrading.