The 2024 World Economic Forum's New Leader Annual Meeting - Summer Davos Forum was held in Dalian from June 25th to 27th. PayPal China CEO Qiu Han attended and gave a speech. Regarding consumer trends, Qiu Han said, "More and more people are renting instead of buying houses." "Especially for young people, such as Shanghai and Beijing, new housing sales or second-hand housing prices have declined, and everyone still can't afford to buy, so they can only rent." "The trend we see is that in the past, people bought houses before decorating, but recently we have seen many team members even if they are renting a house, they still want to decorate it to enhance the living experience. I think this is a new trend." "Consumer desires are still here," she said. (Retrospective Economy)