【CICC: Domestic demand is expected to boost investment in machinery and equipment by 2025】Jin10 Data, November 27th - CICC's research report points out that looking ahead to 2025, with both fiscal and monetary policies in the domestic market strengthening, domestic demand is expected to improve, leading to better investment in machinery and equipment; meanwhile, the overseas Federal Reserve's interest rate cuts and fiscal stimulus, along with increasing tariff risks, may result in a divergence in the export chain. At the same time, becoming a technologically strong nation and domestic substitution remain essential paths. Therefore, we are optimistic about two main lines: first, the boost in domestic demand driven by policy efforts brings opportunities for cyclical recovery; second, technological progress and domestic substitution create investment opportunities in growth stocks. Additionally, the trend of excellent Chinese companies going abroad remains unchanged, and enterprises with resilient overseas demand and strong competitiveness are expected to continue to increase their global market share. (Source: Jin10 Data)