Now China is doing its best to stimulate real estate from top to bottom. Of course, the purpose is to find money for the finance. At this time, if you want to continue borrowing to buy a house, you must reduce other expenditures. Therefore, stimulating real estate is destined to come at the expense of residents compressing other expenditures, which means more downturns in more industries such as automobiles and mobile phones. China's prosperity caused by the expansion of real estate debt is not destined to be prosperous for long. Moreover, economic development does not operate according to anyone's subjective will, and must follow objective laws.
The picture shows the leverage ratio of the Chinese household sector. Source: People's Bank of China, National Bureau of Statistics of China, National Balance Sheet Research Center of China
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