Morgan Stanley's Chief Economist Xing Ziqiang said that China's new quality productivity sectors are performing strongly, but traditional consumption and employment are quite weak. The government's short-term policy should focus on stabilizing the real estate market to prevent further decline. Rumor has it he privately mentioned that the economy wouldn't be this bad, but with so many unemployed, people are too scared to spend, which has actually led to real deflation Anyway, I've already positioned myself with Tomson Group