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on october 7, fosun group chairman guo guangchang posted on weibo about his feelings during the national day holiday. he said that the stock market rise before the holidays made everyone start the national day holiday feeling "with money in their pockets". people were more willing to shop and drink a few glasses of wine, and all kinds of consumption were gradually increasing. the wealth effect brought about by rising stocks has truly stimulated everyone's consumer demand.

the original text is as follows:

the national day holiday is coming to an end. i believe everyone had a happy and happy holiday! today i would like to share with you some of my personal experiences during the holidays:

first of all, the stock market rise before the holidays made everyone feel "rich in their pockets" to start the national day holiday. people are more willing to shop and drink a few glasses of wine. all kinds of consumption are gradually increasing. our sales of atlantis sanya and shede liquor also increased rapidly during the holidays. the wealth effect brought about by rising stocks has truly stimulated everyone's consumer demand.

in addition, the federal reserve began to cut interest rates in september, and china's loan interest rates were also lowered, allowing everyone to save a lot of money. many families in china's first- and second-tier cities have mortgages of two to three million yuan. if the mortgage interest rate drops by one point, they can save more than 20,000 yuan a year, which will be converted into cash that can actually be used for consumption.

others say the fundamentals of the economy have not changed. but in my opinion, the increase in consumption willingness brought about by this wealth effect will gradually be reflected in the economy, and the chinese economy will gradually get out of the trough and continue to improve in the long term with the continuous boost of confidence!

finally, i wish the motherland prosperity and prosperity, and wish everyone a happy life!