Is the property market cooling? No, the economic transformation began
The role of the real estate market on China's economic map cannot be underestimated. The total market capitalization of this ** once reached 470 trillion yuan, which is equivalent to the combined GDP of some countries.
However, with the regulation of the market itself, China's residential market has undergone some changes. According to the published data, the correction of housing has reached about 16%, which not only reflects the turbulence of the property market, but also indicates the future development prospects. It's ......
Although the data is cold, this data reflects a major inflection point in China's real estate market. Total assets have dropped from 470 trillion to 400 trillion, which is more than just a statistic. This change reflects the reorientation of China's economic structure, and it also makes us reflect on the way we have developed at a high rate in the past.
Judging from the current situation, China's property market should not be a harbinger of a depression, but a good sign. Such a "soft landing" will not only mean that the company will be committed to achieving long-term economic development, but also will improve the living standards of the people. In this transitional period, we have seen the ability of the market to repair itself, and we have also seen the determination and wisdom to ensure the stability of the economy and control the market. This is not only a turning point of historic significance, but also a crucial step forward for China on the path of long-term and steady development.
Today, when we talk about the real estate market, we are not just looking at the rise and fall of housing prices, but also discussing whether the overall economic system is sound. The regulation of China's real estate market not only provides strong support for China's economic system reform, but also re-examines China's role in the changing world economic environment.
The capitalization of the U.S. ** market has reached its peak in 2022, with about 5 taels trillion. As the Fed continues to raise interest rates, we expect some decline along with a smaller bubble. But that's not the case, and the U.S. is polarized: while most of it is falling, some of the top companies are bucking the trend.
For example, in March, Nvidia was 230 yuan per share, and its earnings were 21 times. Now, the company's income has risen to 800 yuan per share, and the price-to-earnings ratio has risen to 70 times. Its market share has also soared from 600 billion to 2 trillion. If the rise is due to a large increase in corporate earnings, we cannot call it a "bubble".
But the real picture of Nvidia is that although in the past year, its revenue was only 36.6 billion, and now it is only a 9% increase, and its earnings ratio has risen from 21 to 70. Obviously, this situation is not due to the company's earnings growth, but more due to the fact that some concepts are over-exaggerated by the market.
When comparing the bubbles in China and the United States, we should analyze them in depth from the aspects of capital nature, capital structure, and capital psychology. Real estate is a "rigid" property, and because of its scarcity and practicality, it can still maintain a basic value in times of economic downturn. In contrast, the U.S. market is more susceptible to macro policies, market sentiment and international capital flows, and has strong volatility.
The "bubble" problem of China's property market has attracted great attention from people from all walks of life, and many regulatory measures are gradually showing results, and the property market is gradually returning to reason. However, the bubble problem in the U.S. market is more complicated, and it is necessary to seek a balance from both fiscal and market aspects.
In the current world economic environment, discerning investors like Warren Buffett are hoarding money in case they need it. Technology giants like Apple also have a lot of money on their books to find investment opportunities that can generate long-term benefits. This shows that while the current economic situation is not optimistic, funds are still looking for ways to bring stable income.
The circulation of funds has become the blood of contemporary society, unconsciously affecting our daily life, what car you drive, even my action of tapping the keyboard, is the intuitive embodiment of capital operation. The beating of capital is like a never-ending heartbeat that does not stop until people reach complete self-satisfaction, or the end of humanity.