So we're talking about 500 billion RMB here. Sounds massive, right? But here's the thing - that's barely 0.34% of total GDP. Let that sink in.
Compare this to what's been dumped into production-side subsidies. This figure? It's a fraction. We're not even talking about the same ballpark. And if you factor in how much ground needs to be covered just to offset currency undervaluation effects, we're not even close.
The numbers tell a story most people aren't paying attention to. Production gets the lion's share, while consumption stimulus remains largely symbolic. The gap between policy rhetoric and actual resource allocation couldn't be clearer.
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So we're talking about 500 billion RMB here. Sounds massive, right? But here's the thing - that's barely 0.34% of total GDP. Let that sink in.
Compare this to what's been dumped into production-side subsidies. This figure? It's a fraction. We're not even talking about the same ballpark. And if you factor in how much ground needs to be covered just to offset currency undervaluation effects, we're not even close.
The numbers tell a story most people aren't paying attention to. Production gets the lion's share, while consumption stimulus remains largely symbolic. The gap between policy rhetoric and actual resource allocation couldn't be clearer.