In the policy market, the policy cycle plays a direct decision role to stock market cycle.
在政策市中，政策周期对股市周期起着直接的决定作用。
Stock market cycle has reaction to the policy cycle, but this kind of reaction may have little effect on macro policy, and can exert certain influence on stock market policy instead.
股市周期对政策周期具有反作用，但是这种反作用对宏观政策影响不大，对股市政策能够产生一定的影响。
Stock market cycle has reaction to the policy cycle, but this kind of reaction may have little effect on macro policy, and can exert certain influence on stock market policy instead.
股市周期对政策周期具有反作用，但是这种反作用对宏观政策影响不大，对股市政策能够产生一定的影响。
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