Recently, we published the currency situation for November. Among them, the situation of RMB deposits is still the focus of attention, which increased by 2 in November5 trillion RMB in deposits.
From January to November, our RMB deposits increased by 26 trillion yuan, bank deposits are increasing, and interest rates are also falling.
The main reason for this situation is that everyone is lying flat. The first is not to buy a house. Buying a house used to be the fastest way to consume savings, not just for young people, but even for three generations, so it was also jokingly called the "six wallets".
This year, the sales area and sales of real estate continued to decline by about 20% year-on-year, almost halved from the high. The whole real estate has entered a downward cycle, and the pressure is huge.
Second, everyone doesn't consume. Consumption downgrade has become the most intuitive feeling for everyone. And the price is also constant. The CPI announced in November actually fell by 05%。
At a time when inflation in Europe and the United States is at a 40-year high, our CPI is falling all the way, so we see that the market value of Pinduoduo has surpassed Alibaba, and now even Moutai can't rise, and Luzhou Laojiao has cut prices and even collapsed the stock price.
There is also a very big reason behind this, that is, the change of population structure. Now we are beginning to enter a deep aging society, the elderly are very conservative, basically do not invest, and consumption is also very economical. The proportion of young people who can spend the most has begun to decline. What's more, this group of young people has basically been hollowed out by mortgages and car loans, and even if they want to spend, they can't do anything.
This process is expected to continue for a long time.