Core Insights - The rapid economic growth of small cities, referred to as "little dragons and tigers," has slowed down significantly in 2023 due to changes in commodity prices and intensified competition in emerging industries [1][2][4] Economic Performance of Yulin - Yulin's GDP growth for the first half of 2023 was reported at 5.4%, a noticeable decline from previous years [1] - Yulin's GDP figures for 2021 to 2024 were 5435.18 billion, 6543.65 billion, 7091.44 billion, and 7548.68 billion respectively, with actual growth rates of 7.9%, 5.6%, 4.4%, and 6% [2] - The coal industry, which previously drove Yulin's economic growth, is facing challenges due to high supply and weak demand, leading to a decline in coal prices [2][3] Challenges Faced by Other Small Cities - Other small cities like Yibin and Qujing are also experiencing economic slowdowns, with Yibin's GDP growth at 5.0% and Qujing's at 3.1% for the first half of 2023 [4][5] - Yibin and Qujing have been focusing on attracting new industries, but the lack of new large projects has led to market competition and economic pressure [5][6] Future Economic Goals - Yunnan aims for its deputy center cities to achieve a GDP of over 5000 billion by 2025, while Sichuan targets a GDP of around 1 trillion for Yibin and Luzhou by 2027 [5] - Despite past high growth rates, the sustainability of these cities' economies is in question due to their reliance on a few key industries and the absence of new projects [6]

Core Viewpoint - The article discusses the severe decline in housing prices across China, particularly focusing on six cities that have experienced the most significant drops, with an average national price decline of 30% since 2022 [1]. Group 1: City-Specific Analysis - **Anqing, Anhui**: Housing prices fell from 5,000-6,000 yuan per square meter in 2019 to 2,500-4,000 yuan, a drop of 48.2%, attributed to urban-rural development imbalance and population outflow [2]. - **Ulanqab, Inner Mongolia**: Prices decreased from 6,000-7,000 yuan to 1,800-3,000 yuan, a decline of 46.2%, due to reliance on agriculture and lack of job opportunities leading to youth migration [3]. - **Langfang, Hebei**: Prices plummeted from 28,000-32,000 yuan to 12,000-15,000 yuan, a drop of over 62.8%, caused by strict housing policies and the exit of speculative investors [4]. - **Hegang, Heilongjiang**: Prices fell from 3,500-4,000 yuan to 1,000-1,500 yuan, a decline of over 53.7%, due to resource depletion and limited job opportunities [5]. - **Lanzhou, Gansu**: Prices decreased from 15,000-18,000 yuan to 5,500-8,000 yuan, a drop of over 50.3%, influenced by ecological restrictions and economic stagnation [8]. - **Xishuangbanna, Yunnan**: Prices fell from 10,000-12,000 yuan to 3,000-5,000 yuan, a decline of over 50.8%, due to the collapse of tourism and real estate speculation [6][11]. Group 2: Underlying Causes - The significant price drops in these cities are not isolated incidents but are driven by multiple factors, including previous overvaluation of housing prices, continuous population outflow leading to reduced demand, and a lack of diverse industries resulting in limited job opportunities [11].