The economic transformation of many cities cannot be delayed, and only the development of real estate models has entered a dead end. Since 2020, of the 31 provinces and cities, only Shanghai has a surplus. There are three main reasons:

The economic transformation of many cities cannot be delayed, and only the development of real estate models has entered a dead end.

Since 2020, of the 31 provinces and cities, only Shanghai has a surplus. There are three main reasons:

1, Shanghai's land sales income is still growing, the land in other cities is not easy to sell, and the corresponding real estate is not easy to sell.

2. High-tech economic transformation (such as chips, new energy, new infrastructure, etc.), Shanghai is very beneficial, while other cities benefit only;

3. The consumption power of the people in Shanghai is relatively strong.

If the epidemic does not disappear and housing prices cannot be stabilized, the local finances of cities outside the first line this year will be very difficult.