News: 2024.03.18
Analysts pointed out that the mainland's fixed investment data in the first two months were promising, but the performance of the retail industry was worse than expected. Experts believe that the real estate market will continue to be a drag on economic growth this year, consumption growth is slowing, and the government needs to further strengthen fiscal stimulus measures.
According to the latest data, consumption growth in the first two months has slowed down from 7.4% in December last year. This means that consumer confidence in purchasing power may have declined, which has had a certain impact on economic growth targets.
Experts point out that the real estate market will remain a major drag on economic growth this year. As housing prices fluctuate and policies adjust, consumers' confidence in purchasing homes may be affected, which in turn affects overall consumption levels.
In order to achieve the growth target of 5%, experts suggest that the government should further strengthen fiscal stimulus measures to stimulate economic growth by increasing investment and consumer spending to cope with the uncertainty in the real estate market.
Generally speaking, the mainland economy faces some challenges, but there are also some opportunities. The government and enterprises should work together to cope with the downward pressure on the economy and achieve stable growth through proactive policy measures and innovative business models.