On January 4-5, the "2025 China Chief Economist Forum Annual Meeting" was held in Shanghai, with the theme "Sailing Through Thousands of Sails, Spring Blossoming on Ten Thousand Trees." Cheng Qiang, Chief Economist of Debon Securities, attended and spoke. How to stimulate consumer spending? Cheng Qiang mentioned that stabilizing the real estate market is not as effective as boosting the stock market. He believes that boosting the stock market has a more obvious stimulation effect on consumption inclination and wealth effect, and is more externalized. (Insight)
如何刺激消费？德邦证券程强：稳住楼市不如提振股市
How to stimulate consumer spending? Cheng Qiang from Debon Securities: Stabilizing the real estate market is not as effective as boosting the stock market.
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