According to the Tianfeng Securities Research Report, the CPI continued to pick up year on year in November. The PPI decline widened slightly, and exports were positive year over year and higher than expected, but M1, M2, and social finance pulses all declined. The Politburo meeting and the Central Economic Work Conference were launched in December to positively evaluate this year's work and set a “two broad” tone for next year's work. Before March, the market was in a performance vacuum and policy game period, or preparing a new round of trading pulse.

According to the Tianfeng Securities Research Report, the CPI continued to pick up year on year in November. The PPI decline widened slightly, and exports were positive year over year and higher than expected, but M1, M2, and social finance pulses all declined. The Politburo meeting and the Central Economic Work Conference were launched in December to positively evaluate this year's work and set a “two broad” tone for next year's work. Before March, the market was in a performance vacuum and policy game period, or preparing a new round of trading pulse.