Societe Generale Securities interpreted the December Central Economic Work Conference as saying that the order of risk prevention is lagging behind but is still the bottom line, and the order of key tasks such as opening up to the outside world, regional coordination, green development, and social livelihood has been brought forward accordingly. The content of this conference on risk prevention was backdated, or it may indicate that after recent efforts, the most urgent stage of preventing and mitigating systemic risks may have passed. However, risk prevention is still the bottom line. In response to local debt risks, the conference emphasized “urging all regions to take active debt.” Corresponsibly, the overall order of key tasks such as opening up to the outside world, regional coordination, green development, and people's livelihood is ahead of schedule. Among them, the opening up section emphasizes “expanding independent opening up of service sectors in an orderly manner”; the green development section emphasizes “promoting energy saving and carbon reduction transformation in key industries”; people's livelihood continues to pay attention to issues such as employment, social security, education, medical care, population, etc., and adds important expressions such as “optimizing centralized drug procurement and deepening the reform of health insurance payment methods” and “striving to stabilize the size of the newly born population.”

Societe Generale Securities interpreted the December Central Economic Work Conference as saying that the order of risk prevention is lagging behind but is still the bottom line, and the order of key tasks such as opening up to the outside world, regional coordination, green development, and social livelihood has been brought forward accordingly. The content of this conference on risk prevention was backdated, or it may indicate that after recent efforts, the most urgent stage of preventing and mitigating systemic risks may have passed. However, risk prevention is still the bottom line. In response to local debt risks, the conference emphasized “urging all regions to take active debt.” Corresponsibly, the overall order of key tasks such as opening up to the outside world, regional coordination, green development, and people's livelihood is ahead of schedule. Among them, the opening up section emphasizes “expanding independent opening up of service sectors in an orderly manner”; the green development section emphasizes “promoting energy saving and carbon reduction transformation in key industries”; people's livelihood continues to pay attention to issues such as employment, social security, education, medical care, population, etc., and adds important expressions such as “optimizing centralized drug procurement and deepening the reform of health insurance payment methods” and “striving to stabilize the size of the newly born population.”