As an ordinary person, how do you spend money, or take out more money to spend?In fact, there are two factors behind it, one is the growth of wealth, and the other is the growth of income.
In fact, both of these factors are at play in this year's sluggish consumption. Wealth refers to the accumulated funds or assets, and the most important thing for the Chinese people is houses, ** and deposits. Housing prices and stock prices**, our wealth has shrunk significantly, in this case, normal people are unwilling to take out their savings to consume, in order to resist the speed of wealth shrinkage. Not to mention the growth of income, the wave of salary cuts and layoffs in the past two years has knocked out all people's expectations for the future, and they are even more reluctant to expand consumption.
Because of its own problems, the house is probably shrinking in the next few years, after all, the leverage is too high, and it is also inflated, and there is no room for further **, and the state does not allow it. In terms of income, the economy is under pressure in the short term, and it does not mean that it can be increased if it wants to.
Only**, now at a historical low, there is enough **space. Moreover, the wealth growth effect brought by ** will be more direct, and it is easy to realize it for consumption, although there are not as many people as houses, but it is also hundreds of millions of scales. More importantly, it is relatively easy to do, far easier for real estate and income.
Therefore, if the country wants to stimulate consumption next year, activating ** is undoubtedly a more reliable approach.