In order to avoid a hard landing for China's economy, not only should the mortgage interest rate be quickly and decisively reduced to 2%, but also the mortgage interest rate should be completely stopped for five years before continuing to accrue interest. The reason is very simple, since 2008, due to the continuous impact of SARS and the new crown epidemic in recent years, the economic income of the vast majority of ordinary people has declined sharply, which has seriously affected their normal production and life. Many people are forced to sell their houses at a significant reduction, or even have to cut off mortgage payments in order to maintain the most basic standard of living. In the context of China's foreign trade exports being affected by Sino-US relations, the model of driving the economy through exports has given way to the model of driving the economy by stimulating domestic demand. However, if the people have no money in their wallets, what can they spend on? Consumption has lost its vitality, how can the economy achieve sustained and healthy development?
In particular, we should pay attention to the sharp decline in housing prices in Japan that year, which produced a large number of young people who were lying flat, and the sharp decline in Japan's fertility rate also began at that time. The reason is very simple, when you can't change your predicament through hard work, it is easy for people to give up their determination to work hard because of pessimism and disappointment, and they don't want their next generation to live an unbearable bottom life like themselves, so not marrying and having children has become a trend. From the perspective of the situation facing China's economic development today, our economic management must let the young generation facing difficulties through policy regulation and tilt, so that the young generation facing difficulties in life can see the hope of the future and see the support and care of the state and the government for them, which is indispensable for solving the mentality of young people lying flat and even avoiding a sharp decline in the fertility rate.
Our economic management should not passively make policy adjustments and adaptations every time we have to save them, and the economic management should be more subjective. Considering the tremendous negative impact of the sharp drop in housing prices on the entire economy, the Japanese economy has not been able to return to normal levels for many years. The reason is that when housing prices fell sharply, Japan's economic management was too optimistic about the development of the economy and did not take proactive measures to deal with it.
In particular, we must take history as a mirror, it is precisely because after the establishment of the Han Dynasty, especially after the rule of Wenjing, that the government focused on supporting people's livelihood economically and paying attention to recuperation, that the country ushered in the extremely strong era of the country during the time of Emperor Wu of the Han Dynasty. After we are faced with natural disasters such as the epidemic, the government should pay more attention to supporting people's livelihood in the economy and helping people recuperate, so that the economy is expected to usher in a period of sustained and healthy development in the future.