Recently, many investors have discovered the unfamiliar and novel concept of "Guazi Economy" has become popular in the A-share market, creating a frenzy in the capital markets originating from the second dimension. Some institutions claim that in 2019, the scale of China's pan-second dimension and related markets reached 298.3 billion yuan, expected to rise to 597.7 billion yuan by 2024, and potentially reach 834.4 billion yuan by 2029. In the author's view, "Guazi" has transitioned from the niche culture of the second dimension into the mainstream, evolving from the new trend of young people to establish a massive industry, which is both surprising and reasonable. This is an inevitable result of the combined effects of the current economy's strengthened internal driving force, the rise of new consumption forces, changes in consumption psychology, the completeness of the industry chain, and various other dimensions working together. (Securities Daily)
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