This year, China'scpiThe continued downturn has led many people to have no expectations for prices. So why this yearcpiWhat about such a slump?There are a lot of people who come up with various reasons like:EconomyThe downturn has led to a lack of confidence, too many low-income people have led to sluggish consumption, and the pandemic has reduced household savings. However, these reasons are only superficially explainedcpiThe reasons for the downturn do not go deep into the root causes.
Actually, this year'scpiThe downturn is not due to a lack of capital in China, but rather a lack of purchasing power and a lack of motivation to consume. This lack of motivation can be understood in two ways: a lack of confidence and a decrease in the demand to buy.
Lack of confidence refers to people's lack of confidence and motivation to spend money. This situation can be caused by a combination of factors, such as:Economydownturn, ongoing epidemic, conservative consumption concept, etc. for the past three yearsEconomyThe impact and the change of consumption concept have made people have a more conservative attitude towards consumption. Some of the emerging consumption patterns and scenarios have become less and less enthusiastic.
Reduced demand for purchases refers to people's perception of realitylifeReduced demand. Over the past few years, a number of factors have made people'slifeDemand has decreased, especially when it comes to buying a house, getting married, and having children. The decline in the real estate market has led to a decrease in the demand for buying and moving, and the number of people getting married and having children is also declining, which makes the consumption scene less. The large amount of consumer demand brought about by these scenarios has also decreased, which in turn has affected the overall consumption level.
For the current onecpiDownturn situation, experts put forward a seriesExpand domestic demandand ways to stimulate consumption, such as developmentEconomy, support private enterprises, increase income levels, and reduceDeposit interest ratesWait. These measures have already been implemented in 2023Economywill also gradually restore confidence.
However, if you want to keep improvingcpiThese measures alone are not enough. CriticalIt's about finding scenarios and incentives that motivate people to spend money, and increasing efforts in those areas.
First of all, the home buying market is still an important consumption scenario. However, we can no longer over-rely on the real estate market, because this has become all-encompassingSocialconsensus. Therefore, other entry points need to be found. For example, we will intensify the transformation of affordable housing and urban villages, which will drive a large amount of consumer demand. After buying affordable housing or renovating urban villages, people are likely to replace their furniture and appliances, or even renew themDecorationhousing, thereby driving the growth of consumption.
Secondly, getting married and having children is also an important consumption scenario. Encouraging population migration and introducing relevant preferential policies are all good ways to stimulate the demand for marriage and children. Marriage brings a lot of itlifeThe consumption of goods, and the birth of children will drive more people into the city and participate in the consumption activities of the city.
Finally,CreditConsumption is also a consumption scenario with great potential. In the past few years, the Chinese have begun to accept itCreditThe concept of consumption and advanced consumption, but in recent years these consumption concepts have been impacted. Therefore, there is a need to strengthen theCreditThe guidance and promotion of consumption help people to restore their motivation to spend money.
Looking ahead to 2024, ChinaEconomyIt will continue to develop, and domestic demand is expected to explode. For the sake of elevationcpi, we need to continue to buy a house, get married, have children andCreditConsumption and other aspects to restore and expand these consumption scenarios. Through a combination of measures, we are confident that we will once again ignite the spark of domestic demand in 2024.
cpiThe downturn is the current ChinaEconomyA challenge, but also an opportunity. We need to analyze it deeplycpithe reasons for the downturn, and take corresponding measures to increase the level of consumption. PassedExpand domestic demand, stimulate consumption, we can promoteEconomydevelopment, realizationEconomyprosperity and peoplelifeof happiness.
In the process of implementing measures, we also need to pay attention to the principles of sustainable development, avoid over-reliance on a certain area or consumption scenario, and pay attention to the environment and at the same timeSocialof balanced development. Only in this way can we letcpiSustained growth, and realizationEconomystability andSustainability