The third good signal of macroeconomic improvement: April CPI and core CPI were lower than the previous value both year-on-year and month-on-month, and even CPI was slightly lower than expected month-on-month.

The market needs to gradually confirm some signals while waiting for improvement. This is a process of confidence recovery and reconstruction, which is prone to twists and turns. It cannot be said that the current market is completely positive, but it is also a step forward.