Unique
The Davos Forum is the highlight of this week, and the meeting between Liu He and Yellen is the top priority of global attention. The global economy currently lacks a reliable growth point. As the second largest GDP in the world and the largest single market in the world, China plays an important role, and the voice of Chinese leaders will always be the focus.
In this speech, Vice Premier Liu He clarified several points: first, China will not engage in a planned economy; second, real estate is still the pillar of the Chinese economy; third, it is China’s obligation to take into account carbon neutrality while developing Fourth, common prosperity is a long-term task and will continue to advance; fifth, China’s epidemic transition is stable, and production and life have returned to normal.
These statements are quite positive for China and the whole world. They will help China’s economy recover quickly in 2023, and it will also help the world and China to interact and cooperate positively in the fields of trade, commerce, science and technology, and culture. I believe this is what business elites and political leaders all over the world want to see, but the specific implementation still depends on the results.
Liao Zhibin [Silver Zhuo F&L]
It is a rare absurdity in the world to convey a rational theory for real estate speculation and limit the fall of housing prices, and to admit that income from land sales is the most important support for high salaries of civil servants.
From this, it is speculated that the rapid rise of corporate costs and the suppression of household consumption driven by high housing prices in the past two decades will continue, leading to the inevitable decline of more industries and the continued flood of low-efficiency investment led by the government.
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