Goldman Sachs: The mainland lacks a clear and feasible strategy for stabilizing the property market and normalizing inflation

Goldman Sachs pointed out that the Central Economic Work Conference lacks a clear and feasible strategy for stabilizing the real estate market and normalizing inflation, which has disappointed the market. The local Two Sessions in January and February next year and the National Two Sessions in March will be key observation windows for macroeconomic policy. Decision-makers will pay more attention to domestic demand and consumption, and it is expected that China's economic growth target will remain around 5% next year, with the deficit ratio possibly increasing to 3.6% or above, and the issuance scale of special bonds for special purposes and special local government bonds will increase