Central Plains Securities said that in August, the overall operation of the consumer market was stable, with CPI falling from rising to falling month-on-month, with year-on-year growth falling slightly. The national PPI month-on-month decline narrowed slightly, year-on-year growth continued to decline. In the short term, the overall price situation is expected to remain basically stable. At the same time, relatively stable prices also mean that China has relatively sufficient policy space to step up efforts to consolidate the economic recovery trend. In the future, the overall stock index is expected to maintain a volatile pattern, while we still need to pay close attention to the changes of policy, capital and external factors. We recommend that investors maintain 60% of their positions and focus on investment opportunities in automotive, new energy and non-ferrous metals industries in the short term.