【中信期货】中国经济图观-250123（49页）.pdf

1、投资咨询业务资格：证监许可【2012】669号中国经济图观China Economic WatchJanuary 2025重要提示：重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。This report is not a service under the futures trading consulting business.The opinions and information provided are for reference only and do

2、not constitute investment advice to anyone.CITIC Futures do not consider relevant personnel as client due to the attention,receipt,or reading of this report.桂晨曦桂晨曦 从业资格号：F3023159Qualification No.投资咨询号：Z0013632Investment consulting No.CFA PhD Gui Chenxi刘道钰刘道钰 从业资格号：F3061482Qualification No.投资咨询号：Z001

3、6422Investment consulting No.Liu DaoyuInvestment consulting business qualification：CSRC License 2012 No.669CITIC Futures International Research English Website：https:/ Economic Growth02通货膨胀通货膨胀 Inflation03货币金融货币金融 FinancialCONTENT目录1.1 投资 Investment1.2 消费 Consumption1.3 外贸 Foreign Trade1.4 产业 Indust

4、ry&Services1.5 就业 Employment&GDP2.1 CPI2.2 PPI3.1 政策 Policy3.2 社融 AFRE3.3 贷款 Loans3.4 存款 Deposits3.5 利率 Interest RatesClick the hyperlink to the specific chapter 点击链接跳转至相应章节总结总结 SummarySummaryLiu Daoyu Z0016422 Gui Chenxi Z0013632 Sources:Wind,CITIC FuturesThis report is not a service under the futu

5、res trading consulting business.The opinions and information provided are for reference only and do notconstitute investment advice to anyone.CITIC Futures do not consider relevant personnel as client due to the attention,receipt,or reading of this report.In December,Chinas economic growth accelerat

6、ed,with policy supported retail sales of household appliances growing rapidly and the service industry improving significantly.Pay attention to the fiscal expansion efforts in 2025.Economic growth:In December,consumption and export growth accelerated,while investment growth slightly slowed down.The