This time, it is really different!
In the 2008 global financial crisis, we quickly launched 4 trillion yuan, and most Chinese people may not have felt anything, and the financial crisis was over.
In the 2015 stock market crash, the housing market inventory was high, and we greatly stimulated the housing market and proposed real estate inventory reduction. House prices doubled in two years, and no one seemed to feel the crisis.
This time, house prices have been falling for three years, and the stock market has been falling for three years, but it feels like there has been no major stimulus. This time may be really different.