Core Viewpoint - The article discusses the need for targeted policy interventions to stabilize China's real estate market, which has been in decline for five years, and emphasizes that without a recovery in the real estate sector, it will be challenging to break the cycle of low prices and weak consumption [1][7]. Group 1: Policy Recommendations - The economist proposes three main policy directions: "inventory reduction," "protection of main entities," and "mortgage subsidies" to stabilize the real estate market [3][9]. - "Inventory reduction" focuses on selectively acquiring and transforming housing stock in key first- and second-tier cities with stable rental yields and net population inflow over the next five years [3][9]. - "Protection of main entities" aims to balance accountability and assistance, ensuring that while management accountability is pursued, targeted support is provided to stabilize market participants and prevent further risk spread [3][9]. - "Mortgage subsidies" suggest providing interest rate subsidies of 100 basis points or more on mortgage loans in major cities to alleviate the financial burden on homebuyers, thereby stimulating reasonable housing demand [3][9]. Group 2: Economic Implications - The implementation of these three policy measures is expected to shorten the downward cycle of the real estate market and achieve stabilization, laying a solid foundation for increased consumer spending and high-quality economic development during the 14th Five-Year Plan period [4][10].

Group 1 - The core viewpoint of the articles is that Zou Cheng Rural Commercial Bank is actively implementing national policies to stabilize the economy and support businesses by offering the "Enterprise Circulation Loan" product to address the financing difficulties faced by small and micro enterprises [1][2] - Zou Cheng Rural Commercial Bank has adopted a proactive marketing model involving "active visits, precise matching, and efficient service" to effectively resolve the issues of "difficult and expensive financing" for small and micro enterprises [1] - The bank has successfully provided a 2 million yuan (approximately 0.29 million USD) revolving loan to a local mining and trade company within three working days, significantly reducing the traditional loan approval time by 50% [2] Group 2 - Since the launch of the "Enterprise Circulation Loan," Zou Cheng Rural Commercial Bank has disbursed over 80 million yuan (approximately 11.3 million USD) in credit funds to 23 small and micro enterprises, effectively alleviating their financing challenges [2] - The bank plans to continue optimizing the "Enterprise Circulation Loan" and other specialized products, enhancing tailored services for individual enterprises to provide low-cost and high-efficiency financial support, thereby injecting financial vitality into the high-quality development of the regional economy [2]