中国人不再买买买，消费低迷难题何解？

Core Insights - China's economy is facing significant challenges as domestic consumption weakens, leading to increased reliance on exports, which is a growing concern globally [4] - The Chinese government is attempting to navigate economic difficulties amid ongoing trade tensions with the U.S., with a projected trade surplus of $1 trillion this year [4] - Structural issues such as youth unemployment, a weak social welfare system, and an aging population are complicating the economic landscape [4] Group 1: Economic Conditions - Global consumers, including Americans, continue to purchase Chinese goods despite rising tariff costs [3] - The anticipated post-COVID consumption surge has not materialized, with households experiencing lower income levels and rising medical expenses [6] - The real estate market has faced significant downturns since 2021, impacting consumer confidence and spending [7] Group 2: Consumer Behavior - Consumers are exhibiting pessimism about the economy, with many relying on savings due to job instability and rising living costs [5][10] - Government initiatives like the "trade-in" program for consumer goods have initially spurred spending but are losing momentum [9] - Young consumers are increasingly skeptical about the benefits of saving, especially in light of pension system warnings [10][13] Group 3: Government Response - The Chinese government has made limited adjustments to address economic challenges, such as increasing the legal retirement age and requiring employers to contribute to employee benefits [11] - Financial incentives for young couples to encourage childbirth are being implemented, but rising costs of living and caregiving responsibilities are hindering consumer spending [14]