CITIC Securities: Adhere to domestic demand cycle, focus on serving consumer spending and new consumption trends.

CITIC Securities released a research report stating that it is important to adhere to domestic demand and focus on service consumption and new consumption. In the short term, external uncertainties are driving internal circulation to accelerate. On the policy side, efforts are being made to expand consumption, improve quality, and improve efficiency. The general idea is to focus on stimulating domestic demand, policy catalyzation, and consumption recovery. In the medium to long term, service consumption and new consumption are important new drivers for economic growth.