Bullish stock mkt can ignite nation's consumption

A series of major policies have been introduced since the end of the third quarter last year to boost consumption and stabilize economic growth. Amid rising external instability and uncertainty, one key task for China this year is to effectively expand domestic demand, among which invigorating consumption should be prioritized.

Under realist estimation, increasing Chinese people's property income may serve as an important way to boost their consumption capacity and confidence for now, and over a longer period ahead.

Real estate, wealth management products, and the stock market are the three major sources of Chinese people's property income.