Last night, I chatted with a Japanese friend who revealed some news that shocked me!
According to him, in late October, some Japanese media secretly flew to New York and Silicon Valley for a "street interview," and the investors they contacted gave the same direction: continue to increase investment in China in 2025. In their eyes, they are focusing on the long-term revaluation of Chinese assets. The situation is also developing in a positive direction. Today, the Shanghai Composite Index has smoothly surged to 4,000 points. The last time it broke through 4,000 points was 10 years ago.
Why are foreign investors collectively optimistic? According to Japanese media, there are two reasons: First, China's breakthroughs in cutting-edge technology, from robotics to brain-computer interfaces and quantum communication, have turned science fiction into orders. Second, the policy side continues to exert effort, writing the phrase "stabilize expectations" into every press release.
In my view, technology and macroeconomic narratives are too far from ordinary people. What truly gives people a sense of it is that consumption is picking up. In the first three quarters of this year, GDP grew by 5.2% year-on-year, and the contribution rate of consumption was 53.5%, both key figures exceeded predictions by foreign institutions. How hot is the consumption? On October 22nd, U.S. media bluntly said, "From cosmetics to nutritional supplements, American brands want to enter China." Not only American brands, but more and more foreign brands are entering China. For example, in the outdoor industry, eight international outdoor giants have "rushed into" China this year.
It is also obvious in the luxury goods sector. They have started special sales events to attract users, and although the conditions for entry are strict, they are often full. In addition, on the domestic special sales e-commerce platform Vipshop, there have been multiple limited-time sales of big brands such as Burberry, Coach, and Tory Burch this year. In the first nine months, luxury goods sales on this platform increased by 30%. These days, during the Double 11 shopping festival, Vipshop has even brought the China Inspection Laboratory to the luxury warehouse, conducting "pre-sale full inspections" on each luxury item, allowing consumers to purchase genuine products at discounted prices, which greatly stimulates high-end consumption.
My friend joked, "If you missed Japan in the 1990s, don't miss China in 2025." Although this statement is somewhat exaggerated, there is actually some truth to it. Who can say that the Shanghai Composite Index of 4,000 points is not just an appetizer? After all, the balance of the times is quietly shifting direction.
Original: www.toutiao.com/article/1847222978939012/
Statement: This article represents the personal views of the author.