According to the investment strategy, the direction of improving prosperity this week is mainly in the fields of some resource products, consumer services, and information technology. Among upstream resource products, metal prices have mostly risen and cement prices have improved; in the midstream manufacturing sector, sales of various types of excavators and loaders increased year-on-year on a three-month rolling basis in November. In information technology, integrated circuit imports and exports increased year-on-year in November, and global semiconductor sales increased year-on-year in October. In the consumer services sector, the CPI for clothing and footwear increased year-on-year in November, and the price of Chinese herbal medicines rose. The year-on-year increase in CPI increased in November, and the decline in PPI increased slightly. The “anti-domestic volume” policy continued to push for supply clearance. We recommend non-ferrous materials, building materials, construction machinery, traditional Chinese medicine, textiles and apparel, paper, memory, integrated circuits, etc. that are booming or have improved.

According to the investment strategy, the direction of improving prosperity this week is mainly in the fields of some resource products, consumer services, and information technology. Among upstream resource products, metal prices have mostly risen and cement prices have improved; in the midstream manufacturing sector, sales of various types of excavators and loaders increased year-on-year on a three-month rolling basis in November. In information technology, integrated circuit imports and exports increased year-on-year in November, and global semiconductor sales increased year-on-year in October. In the consumer services sector, the CPI for clothing and footwear increased year-on-year in November, and the price of Chinese herbal medicines rose. The year-on-year increase in CPI increased in November, and the decline in PPI increased slightly. The “anti-domestic volume” policy continued to push for supply clearance. We recommend non-ferrous materials, building materials, construction machinery, traditional Chinese medicine, textiles and apparel, paper, memory, integrated circuits, etc. that are booming or have improved.