Since the beginning of this year, China has faced many severe economic pressures and social difficulties, which has made many people worry that the situation will become more difficult in 2024. The following will discuss the cooling of the real estate market, the employment pressure of young people, the downgrade of consumption, and the phenomenon of more and more young people lying flat.
In the past few years, with the acceleration of China's urbanization process, the real estate industry has ushered in rapid development. However, over time, there has been a noticeable change in the real estate market. Wang Jianlin of Wanda Group once said that no country's real estate market can continue to thrive for more than 50 years, and China has approached this time node. If the real estate market continues to decline, it will affect the development of many related industries, such as planning, design, building materials, power and hydraulics, and transportation. This will pose a challenge to the overall development of the economy.
Expansion: As the housing market cools, home prices are starting to start in some cities and regions. This phenomenon is good news for many home buyers, and it can reduce their pressure to buy a home. However, it will be a big challenge for those who rely on the real estate industry. Many property developers may face difficulties in selling, leading to a break in their capital chain and possibly even financial risks. In addition, the cooling of the real estate market will also affect the relevant industrial chain, which will have a knock-on effect on the entire economy.
In the past, as long as young people had a bachelor's degree or higher, it was not difficult to find a job. However, today's job market is becoming more and more severe. On the one hand, due to the global economic downturn, many foreign trade enterprises have reduced their order volume, resulting in some enterprises having to lay off employees;On the other hand, the number of college graduates has continued to increase in recent years, and the competitive pressure has also increased. The employment situation is expected to remain grim next year, and young people may face greater pressure to find employment.
Expansion: The difficulty of finding employment for young people is not only reflected in the competition for numbers, but also in other aspects. Many companies are looking for more and more new recruits, focusing more on the candidate's practical experience, skill level and innovation ability. And these are often lacking in young people, who face difficulties in career advancement. Many young people have had to lower their expectations, accept low salaries or take jobs that don't match their majors. This not only affects their personal development, but also adversely affects society as a whole.
In the past few years, all walks of life have been promoting consumption upgrades, encouraging people to buy higher-end products and enjoy a higher quality of life. However, the trend in the last two years shows that consumers are more cost-effective and willing to control high consumption. This downgrading of consumption reflects the tight situation at hand.
Expansion: The phenomenon of consumption downgrade is not limited to the choice of products, it also involves changes in consumer behavior. More and more people are becoming more financially conscious and save, and shopping more carefully. They prefer to opt for promotions, discounted brands, or second-hand items to reduce their expenses. This trend of consumption downgrade is a challenge for the market and businesses, who need to readjust their business strategies to meet the needs of consumers.
Nowadays, more and more young people are choosing to "lie flat", that is, they no longer pursue high-paying jobs and career success, but pay more attention to life balance and personal happiness. This phenomenon may have a certain impact on social development.
Expansion: There are many reasons why young people lie flat, and some of them can be due to factors such as excessive stress, job dissatisfaction, and intense social competition. They prefer a secure life and free choice, rather than being constrained by work and social expectations. However, the attitude of lying flat can also bring some problems to society, such as brain drain, reduced innovation ability and weakened social vitality. Therefore, we need to think about how to stimulate the enthusiasm and creativity of young people to promote the development of society.
In summary, the situation in 2024 is likely to continue to face many challenges. The cooling of the real estate market, the employment pressure of young people, the downgrading of consumption, and the phenomenon of young people lying flat all show the difficulties and pressures of society. In the face of these problems, we need to actively explore solutions, strengthen policy guidance, encourage innovation and entrepreneurship, and improve the quality of talent training, so as to achieve sustainable economic development and social stability. Only with the concerted efforts of the whole society can we meet the challenges of 2024 and create a better future.