The Central Economic Work Conference, which concluded yesterday, pointed out that next year it will implement a more proactive fiscal policy and a moderately loose monetary policy. What signals are these policies sending? Regarding fiscal policy, the Central Economic Work Conference requires that next year, a more proactive fiscal policy be implemented, the fiscal deficit ratio be increased, the issuance of super long-term special bonds be increased, the issuance of local government special Bonds be increased, the optimization of the fiscal expenditure structure be utilized, and the grassroots "three guarantees" bottom line be safeguarded. Experts say these requirements clarify the implementation path of a "more proactive and effective" fiscal policy. In order to greatly boost Consumer confidence, the Central Economic Work Conference requires that a special action to boost Consumer spending be implemented next year, the basic pension for retirees be appropriately increased, and the implementation of the "two new" policies (large-scale equipment updates and exchanging old consumer goods for new ones) be strengthened and expanded. (CCTV News)