Sou Hu Cai Jing·2025-12-04 04:43Group 1 - Vanke is perceived as a good company with a commendable founder, Wang Shi, but is currently struggling due to economic pressures and a lack of government support for its debt issues [2][3] - The company's debt has ballooned to nearly 900 billion, and the financial burden of resolving this debt could potentially collapse other high-quality state-owned enterprises [3] - The real estate crisis is likened to a festering sore that triggers various economic and social problems, indicating a systemic risk that could affect multiple stakeholders, including suppliers, workers, and homebuyers [3][4] Group 2 - Economists and financial experts are proposing various strategies to address the economic challenges, but fundamentally, there are only three main tools: monetary policy, fiscal policy, and industrial policy [4][6] - The effectiveness of these traditional economic tools is diminishing, as minor adjustments in interest rates or taxes yield minimal results, leading to a situation where the Chinese economy is increasingly out of control [6] - The interconnectedness of modern economies means that issues in one area can have far-reaching impacts, emphasizing the need for innovative solutions to break through existing institutional barriers [6][8]