In fact, it's not wrong to inject liquidity, because everyone is doing it.

But the difference between the U.S. and China in terms of liquidity injection is that the U.S. has directed liquidity into the stock market, while China has directed it towards real estate developers.

This can be clearly seen by looking at the asset market sizes of the two countries:

China: Stock market 12 trillion + Real estate 55 trillion = 67 trillion

U.S.: Stock market 55 trillion + Real estate 34 trillion = 89 trillion

The downside of injecting liquidity into real estate is that it comes with a negative feedback loop, because real estate is something that needs to be used. In contrast, injecting liquidity into the stock market is not a big issue; is a PE of 10 expensive? Is 20 expensive? Is 30 expensive? The market can explain it in various ways.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。