Joke Collection Website - Cold jokes - What is a "hard landing of China's economy"? What is the impact of "hard landing" on China?

What is a "hard landing of China's economy"? What is the impact of "hard landing" on China?

a hard landing means that inflation is eliminated by monetary and financial means such as tightening monetary policy (that is, the supply of funds in the financial market) and banning government investment, supplemented by administrative and legal means, but at the same time, economic growth is also destroyed, resulting in economic stagnation or even recession.

The specific manifestations are low or negative economic growth, slow or reduced per capita income, slow or reduced industrial output growth, sluggish industrial index, reduced exports, depressed market and price drop. It is not a good thing that prices continue to fall. There is a saying in the principle of economics that the good news of agriculture is the bad news of farmers, because farmers' income is not increased by output, but by price < P >. Thus, a hard landing is very bad.