This week, monthly economic and financial data has been successively released, and the August price and import and export data show that the characteristic of 'insufficient domestic demand, with bright spots in external demand' is still evident. Following the data release, the reaction in the bond market indicates that the yields of government bonds at various maturities continue to decline, indicating market speculation on an intensified countercyclical policy. Whether looking at core CPI, PPI, or import data, the 'focus on boosting consumer spending to expand domestic demand' proposed at the end of July's Central Political Bureau meeting is still a long and arduous task, facing significant challenges. Especially as we enter the fourth quarter, the increasing uncertainties such as the slowdown in economic growth in major overseas economies and the possibility of escalating trade frictions may weaken the role of exports in supporting the economy. As uncertainties in external demand rise, the stability of market expectations and confidence, and economic growth are in need of enhancing certainty in domestic demand. What can enhance certainty in domestic demand? In the short term, increased countercyclical adjustments in macro policies are indispensable, with urgency on the rise. (Securities Times)