In the past 2023, China's GDP has achieved 5A growth of 2% is a hard-won achievement. Of course, in the face of the complex international situation, the problems existing in China's economy cannot be ignored. In particular, the current market downturn has led to the emergence of universal values**.
Due to the poor efficiency of the enterprise and the lack of financial resources, everyone's wages are getting lower and lower; Employee wages have fallen and jobs are hard to find, leading to an acceleration in housing prices, and even a collapse in value.
In the market, enterprises are more competitive. In the past, enterprises participated in market competition for profits, but now they are for survival, but as a result, profits are getting lower and lower, losses are expanding, and enterprise value is collapsing.
Consumption is getting lower and lower, business is getting harder and harder, and the value of stores is collapsing.
Corporate profits declined, losses expanded, and the value of office buildings and factories collapsed.
In the current situation, the most difficult thing is the majority of bosses, business owners, and speculators, and ordinary people can withstand three or two years no matter how difficult they are. But enterprises are different, enterprises have profits to have value, losses will become negative equity. The current situation is that more and more companies have no profits, and such enterprises have no value and become negative equity.
We need to reverse this value** trend as soon as possible so as not to drag down the entire macroeconomy. Of course, measures to stimulate the economy are being deployed at the top, and a V-shaped reversal of the economy is only a matter of time.
How can we solve the current dilemma faster?
We believe that the key is to raise the wages of employees and increase the profits of the company. China is currently facing a general income deficit – insufficient wages for employees and insufficient corporate profits. The root cause of China's economic income shortage lies in employment, and our current development model and market competition mechanism cannot maintain enough jobs, making the market in a state of vicious competition for a long time, resulting in corporate profits and employee wages below the level that enables social reproduction to achieve a virtuous circle. As a result, everyone has no money, and enterprises are short of demand.
The per capita manufacturing output value of Chinese has reached the level of developed countries, but wages are 108,000 miles away from developed countries, and this is the root of the problem.