Wang Tao, chief China economist at UBS, pointed out in the report that the market expects China to launch a scale of fiscal stimulus measures. It may be more reasonable to implement a more moderate package of 1.5 trillion to 2 trillion yuan in the short term to keep this year's economic growth close to the target of around 5%. It is expected that there will still be 2 trillion to 3 trillion yuan of fiscal expansion next year based on the previous baseline forecast. This year's stimulus measures may be announced after the National Day holiday or around the release of the third quarter economic data on the 18th of this month, and next year's measures may be decided around the Central Economic Work Conference in December.