Leading indicators such as the Manufacturing Purchasing Managers' Index (PMI) for December 2024 and high-frequency data show that the economic prosperity level in China is continuing to rise towards the end of 2024, with expansion maintained on both supply and demand sides, laying a foundation for stable economic growth in January 2025. Recent high-frequency data suggest that production may weaken somewhat in January 2025, while the demand side will continue to improve. Experts interviewed unanimously believe that despite the impact of factors such as the Spring Festival holiday on corporate production activities, market demand is expected to be concentratedly released before the holiday, driving stronger consumption of commodities and services. Considering the active commencement of major projects in various regions at the beginning of the year, the "rush for exports" effect, and the effectiveness of previously implemented consumer stimulus policies, January 2025 is expected to welcome a "steady start" in the economy. (Securities Times)