What is the current situation of China's real economy?

China's rapid growth in recent years has benefited from several aspects:

First of all, at that time, the value of RMB was very low, which was conducive to exports. However, China's extensive growth and manufacturing power depend on exports. Export is the second important factor to promote the economy, but the current situation is that the RMB continues to appreciate, which seriously hinders exports.

Secondly, investment, consumption, export and investment rank first in the troika of China's economic development. Although China continues to launch economic stimulus plans, investment alone is not enough, and there are many disadvantages. Some local governments are on the verge of bankruptcy, which is also a sequela of stimulus.

Third, China itself has no core technology and relies entirely on cheap labor. But the current situation is that the population is aging seriously, and obviously the labor cost will rise. The government put pressure on enterprises, and a series of measures made the sense of oppression tense. Therefore, some enterprises choose to move their factories out of China, which will also bring pressure to China and reduce taxes.

Third, insufficient consumption, China's high housing prices, low living standards, heavy medical burden, low income and other factors lead to a large part of residents' income not directly entering the consumer market, but through savings, or buying real estate, which is rare in a mature capital market, because a normal country should spend most of its income on consumption, which in turn promotes economic development, in a virtuous circle, so you will find that in capitalist countries, atmospheric pressure.

China's current situation is that investment has sequelae, domestic demand is insufficient, and exports are frustrated.

The present situation is: low wages, high housing prices, slow export and great local financial pressure.

In fact, the situation in China is very bad now.