On the scales of economic development, two pressing challenges lie ahead to all, directly hindering the public's desire for a prosperous life and a robust economic recovery. The data reveals an unsettling truth, the growth rate of China's GDP in the first half of 2023 has not met expectations, only 55%, which seems to be a lot of growth, is actually far from the set goal.
The real estate market, once the engine of economic growth, has now become a problem for the economy and the people"Cancer"。The decades-long boom in the real estate industry has brought the public a total debt of up to $2,000 trillion. Behind the considerable figures, there is the reality that the young and middle-aged generation are burdened with heavy mortgages, and their salaries are almost swallowed up by the mortgage, and the quality of life and consumption desire are therefore in jeopardy. The risk of mortgage default hangs over the head like a sword, discouraging many people from getting married and parenting.
Also bothering us is the expansion of the e-commerce platform economy. The new e-commerce model, spearheaded by live streaming, is catalyzing a change in consumer behavior, and although it provides convenience, its impact is not entirely positive. The brick-and-mortar retail sector has been hit, and the demand for large shopping malls has decreased, and unemployment has become prominent. The first-class war and malicious competition in the e-commerce market have also invisibly destroyed the quality assurance of products, and there are often quality traps hidden behind cheap products.
In the imagination, e-commerce shopping should be able to save consumers time and meet their shopping needs, but the unemployment and product problems behind the reality are a double-edged sword. These two major issues must be confronted, and effective solutions are urgently needed to ensure stable economic growth and the overall well-being of society.
Personally, I'm deeply disturbed by it. The bubble in the real estate industry has made it extremely difficult for ordinary people to dream of living. Many people are struggling to support themselves on the road to repay their loans, and their quality of life has plummeted. In my opinion, measures should be introduced, such as price caps or the optimization of mortgage conditions, to reduce the financial burden on the people.
As for the impact of e-commerce platforms, merchants need to focus on long-term quality rather than short-term gains, and operate honestly. **It is also responsible to guide e-commerce platforms to pay more attention to the quality of goods, and punish those unscrupulous merchants who have false propaganda and disorderly competition.
In short, all sectors of society need to face up to and work together to address these two major issues in order to get back on track with economic recovery. In such efforts, we will continue to encourage and seek more partners to strive for a more prosperous and happy future.