The Shanghai Stock Index fell to 3100 points. The yellow and white time-sharing trends of the index are divided, and the sluggish performance of blue-chip stocks drags down the index. On the market, supply and marketing cooperative concept stock was strong throughout the day. Industrial machine concept stocks fluctuated and strengthened, and Greatoo Intelligent hit the daily limit of . Automobile industry chain stocks strengthened in the afternoon, Yaxing Bus 2 continued to decline, and Soling shares hit the daily limit. On the downside, real estate stocks continued to weaken, setting off a wave of falling by the limit in late trading, with nearly 10 stocks including CCCC Real Estate , Cinda Real Estate , and Yuetai Holdings falling by the limit. Liquor stocks collectively weakened, with Kweichow Moutai and Wuliangye once falling by more than 5%. digital economy concept stocks opened high and moved low , Shenzhen Sanda A, Yunsai Zhilian fell to the limit. In general, individual stocks fell more than they rose. More than 2,500 stocks in the two cities fell. Today's turnover in Shanghai and Shenzhen stock exchanges was ,639.8 billion. In terms of sectors, supply and marketing cooperatives, industrial machinery, integrated die-casting, chiplet and other sectors were among the top gainers, while education, real estate, beverage manufacturing and other sectors were among the top losers. Northbound funds net bought for 41.156 billion yuan throughout the day
Did you know? Academician Zhong Nanshan’s speech at Sun Yat-sen University on the 15th gave us a major signal. He said that the 10th edition of the new coronavirus diagnosis and treatment plan will be released. The new plan will be more liberal and will allow the economy to develop more smoothly.
An open, sunny, optimistic and energetic China early next year. It will definitely be shown in front of everyone. What does this mean? The era of epidemic prevention and control is over, and it is impossible to go back. The next step is to fight for the economy. What is the economy?
The livelihood of thousands of households includes firewood, rice, oil, salt, sauce, vinegar and tea, as well as housing, education, medical care and elderly care. Ultimately, it is to satisfy the people’s yearning for a better life. Although the difficulty of revitalizing the economy cannot be compared to that of holding the moon for nine days, the road ahead must be difficult and full of obstacles.
What drives the economy are the troika investment, exports and consumption. In the past few decades, these three carriages have driven China towards the world's second largest economy at a speed of 180 kilometers per 100 kilometers, and have also brought our 1.4 billion Chinese people into a moderately prosperous society. However, the current situation is that two of them are starting to fail.
Let’s look at exports first. In November, my country’s imports fell by 10.6% year-on-year, and exports fell by 8.7% year-on-year. The reason is that external demand fell, and the economies of developed countries such as the United States, Europe, Japan, and South Korea began to shrink. In the past two years, the United States’ helicopter money-splitting style of stimulating the economy finally tasted the consequences this year. The price of commodities caused by severe inflation remained high, causing the production costs of enterprises to soar rapidly. Since you can't make any money by starting work, you might as well stop working and rest. In order to curb inflation this year, the Federal Reserve has raised interest rates 7 times in a row like crazy. Although the appreciation of the US dollar has bought liquidity around the world, the increase in interest rates has dampened the enthusiasm of their own companies to borrow from banks. Enterprises are not active in production and the demand for raw materials has dropped sharply, which has indirectly affected China's exports.
Let’s look at investment. Investment is mainly divided into government investment and corporate investment. Government investment is the large-scale infrastructure that everyone often hears about, such as high-speed rail, highways, and national key projects. Infrastructure investment in November was pretty good, with a year-on-year increase of more than 10%. The high-end manufacturing industries invested by enterprises are also performing well, especially the two industries of photovoltaics and new energy vehicle batteries, which have grown by more than 50% year-on-year. It can be said that they are making rapid progress. But in sharp contrast, investment in the real estate industry, a pillar industry in the national economy, has experienced a serious decline.
Why do you say that? Everything from reinforced concrete to home building materials must be driven by it. More importantly, governments also rely on it to sell land to earn wages. Why don't Xu Jiayin people build houses? Domestic housing sales area has been declining this year, and the decline expanded to minus 33.2% in November. Houses can no longer be sold. There are two reasons for them. One is that ordinary people cannot make money. Looking at this table, the unemployment rate has soared since July. I think everyone knows the reason. People who are not unemployed are full of uncertainty about the future, and most of them will save money in the bank instead of spending it.
There are two data to prove this phenomenon. In November, people's deposits increased by 2.25 trillion. After deducting the price increase this month, the total retail sales of consumer goods fell by 7.6% year-on-year. People have money but do not consume. The epidemic has changed everyone's concept of consumption. If companies don't consume, they can't make money. If companies can't make money, they can't pay wages. If they can't pay wages, more people will be unemployed. This is an infinite loop. Therefore, if we want to revitalize the economy, we must start by stimulating employment and increasing consumption.
On December 14, the State Council issued the outline of a strategic plan for expanding domestic demand. Expanding domestic demand from 2022 to 2035 will be a national strategy for the next 13 years, spanning the 14th, 15th and 56th five-year plans, which shows how important it is. The document not only mentioned the need to comprehensively promote consumption and accelerate the upgrading of consumer quality, but also mentioned the need to expand investment in manufacturing and new infrastructure. Indeed, in the context of sluggish external demand, the fastest way for the economy to pick up is for government-led investment to inject confidence and vitality into the market, thereby driving private investment to bring employment opportunities, employment to stimulate consumption, and consumption to stimulate more corporate investment, so that the economy will turn around.
Although this road will be very difficult, the fire of hope has been ignited. We must take good care of it and let it stop.
In the cold and windy winter, until the ice and snow melt, it will lead the Chinese economy to the next spring.
All the above contents are for reference only and are not used as a basis for buying or selling. The main focus is on learning and communication, and there are risks in operating accordingly. The stock market is risky, so be cautious when investing!
