The concern fades in fades out. The scar of 2011 price drop is so painful and unforgettable. History will repeat? That is a question.
So far the reason for some China main RE stocks plunges down dramatically today probably is due to China overall market sold down today, as is caused by China growth target is 6% for 2021, decided by the government recently, which is lower than 8% expectation. Huge funds have gone into China, now perhaps they have to rethink about their expectation, stay or leave.
But green energy is an important part of so called 14th Five-years Plan of China as well as carbon neutrality.
Both No.1 and 2 bigeconomy are surprisingly to use green energy to spur economy.We've heard a lot from President Biden about it. How about No.2 ?RecentlyCarbon Neutrality is in China's the new 14th Five-year Plan. Perhaps a fewmotives for it : politically, it relaxes the tension and delays the iron curtainfalling; economically, it's a new engine to develop green energy andrelevant industries thus reduce China's dependence on imported fossil fuel,which is a big risk in terms of strategic supply chian; socially, improvethe environment , especially the air quality to comfort the society.
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