[Cinda Securities: strong prices of non-ferrous metals and benefit from steady growth] China has placed deep emphasis on steady growth, and the Fed has tightened faster than expected. In early January, Chinese executives further emphasized the policy of stabilizing growth, while emphasizing the security of energy supply. The policy orientation of steady growth will hopefully promote the easing and elimination of metal supply-side constraints, and it will also promote the recovery of downstream manufacturing demand, and the logic of metal prices will accelerate the transition from the supply si...