In the festive atmosphere of the Spring Festival, adults sit in front of the TV to enjoy the wonderful programs of the Spring Festival Gala, while children are immersed in the fun of mobile games. Such scenes have become a familiar rhythm during the Spring Festival. However, in the Spring Festival of 2024, behind the jubilation, many people have a little more worry in their hearts. Especially the vast middle class, the left foot is stepping on the house price, and the right foot is stepping on the **, this feeling of unsteadiness is becoming more and more obvious.
Looking back on 2023, the central government has cut the RRR and interest rates many times to protect the market, but due to the lack of investment and consumption willingness, the scissors gap between M1 and M2 has expanded. This year, there have been many thunderstorms in the real estate market, which has made many potential home buyers choose to wait and see for the time being. On the ** side, market volatility has also made investors worried. Against this backdrop, the scale of new social finance and RMB loans announced in January 2024 hit a record high, with M1 growth of 59% and m2 growth rate of 8The news of the narrowing of the 7% scissors gap has undoubtedly brought people a glimmer of expectation.
The record high scale of new social finance and RMB loans indicates that the inflow of funds into the real economy is accelerating. In the past year, although the performance of the real estate market and ** has not been satisfactory, the country's determination for economic growth is still firm. By increasing support for the real economy and promoting the adjustment and optimization of the industrial structure, the state is striving to create conditions for sustained economic growth.
The narrowing of the scissor gap between M1 and M2 means that market liquidity has improved. In the past year, due to various reasons, despite the central government's repeated RRR and interest rate cuts, the market wait-and-see atmosphere is still strong, and the released liquidity has been idling in banking institutions. As the M1 and M2 scissors gap narrows, market liquidity will improve, which will help reduce the financing costs of enterprises and individuals, thereby stimulating investment and consumption.
With the transformation and upgrading of China's economy, the development momentum of the new economy is gradually emerging. In the past year, emerging industries such as the Internet, big data, and artificial intelligence have developed rapidly, providing new opportunities for entrepreneurs and investors. With the increase of national policy support for emerging industries, the development prospects of these industries will be broader.
Of course, in the face of the new year, we cannot ignore the challenges. Against the backdrop of uncertain global economic conditions, China's economy is still facing certain downward pressure. In addition, the volatility of the real estate market and ** has also brought a lot of pressure to the majority of the middle class. Therefore, in the new year, we must not only maintain confidence in economic development, but also always pay attention to potential risks.
In the Spring Festival of 2024, although people have spent a happy holiday in a festive atmosphere, deep down, they are inevitably a little worried. However, judging from the current economic situation, the new year is still worth looking forward to. As long as we firmly grasp the opportunities and bravely face the challenges, I believe that China's economy will have a better tomorrow.