An unusual detail for this year's Chinese New Year: changes in people's expectations for the economy.
This year's Chinese New Year, many unusual details show that people's expectations for the economy have changed. These changes are evident in the bits and pieces of daily life, presenting a different scene from previous years.
First of all, my brother was doing business in Guangzhou, and not only did he not make any money last year, but he also lost tens of thousands of dollars. In previous years, their family traveled around and then returned home, except for the Chinese New Year's Eve dinner, they basically went out to the banquet and could not go home. This year, the family returned to their hometown early and ate at home every day without going out. This change shows concern about the economic situation, as well as a cautious attitude towards the future.
Secondly, several relatives in my hometown who were engaged in aquaculture lost money to varying degrees last year, and at most they lost more than 100,000 yuan. In previous years, the New Year's greetings were Zhonghua and Wuliangye, but this year they were relegated to Furong King and Jian Nanchun. This downgrading of wine tasting reflects people's rational choices in terms of consumption, as well as a cautious attitude towards the economic outlook.
In addition, several classmates from their hometown and Fa Xiao, in previous years, they returned to their hometowns for big and small banquets, but this year, no one mentioned it and no one organized it. This reduction in gatherings hints at people's control over consumption during the festive season and their expectations for the future economy.
The village advocates that the New Year's money for children is unified at 50 or 100, which also shows the advocacy of economy and rational consumption.
Finally, in previous years, the ** of seafood in the Spring Festival vegetable market was several times that of usual, and it was in short supply. This year, the seafood in the market is only twice as large as usual, but there are very few buyers. This decrease in the consumption of seafood also reflects people's cautious attitude towards consumption during the Spring Festival.
All these details reflect people's cautious and changing expectations for the economy. Perhaps this is a rational expectation of the future, and a realistic reflection of the economic situation.