股友zPViLl
2024.09.25 09:15

There are very few people at Wuyi Square now. It was said that 100 million people came to Changsha before, but now young people seem to have disappeared, just like where all the money went—probably hiding. My relatives who run shops all say it's hard to make ends meet, with such high rents and almost everyone losing money. It's so idle that I helped my family with their business, and it's really tough. A year's earnings can't even compare to a fraction of my stock returns. A city with over 10 million people has such weak consumption power, and most cities are in the same situation. Only a very few industries and individuals are making money. Stocks are undoubtedly still the best opportunity to earn. Running a business or doing physical work is just working for the landlord. There are many reasons for this, and if these issues aren't resolved, consumption won't improve. There's definitely a lot of money out there—it's almost like we need helicopters to scatter cash. With interest rates so low and regulation so loose, anyone with a decent job can get a loan of millions to buy property or trade stocks, something unimaginable before. But now, people are unwilling to take loans and are scared of debt. Meanwhile, the few wealthy people are aging and have weak spending power, while the hundreds of millions of young people with strong consumption potential have no money. E-commerce has also dealt a massive blow to the real economy. Most likely, a large number of stores will have to close before business can improve a little.

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