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Why is GDP growing by 5.3% and some people still saying that the economy is bad? What industry is difficult in the first half of 2024

author:Dr. Jiang's Enterprise Competitiveness

Why is it that when GDP grew by 5.3%, we still feel that life is not easy?

Today, I'm here to uncover this mystery for you, and I'm sure you'll suddenly realize!

First, GDP growth does not mean that everyone benefits.

GDP is only an indicator of a country's total economy, but it does not reflect the real life situation of each of us. The economy has grown, but the income distribution is uneven, and many people do not feel the benefits of economic development at all.

Why is GDP growing by 5.3% and some people still saying that the economy is bad? What industry is difficult in the first half of 2024

Secondly, rising prices and the rising cost of living are putting us under a lot of pressure.

In recent years, basic living expenses such as housing prices, education, and medical care have become higher and higher, and household disposable income has been greatly compressed. You may find that wages have risen a little, but the quality of life has not improved, and you may even feel that the burden is getting heavier.

Let's talk about employment.

While the overall economy is growing, employment is not doing well in certain industries and regions. Especially young people, it is becoming more and more difficult to find a job, and many people are worried about the future. The instability of the job market has left us confused about the economic outlook, not knowing what industries are promising and what are not.

Why is GDP growing by 5.3% and some people still saying that the economy is bad? What industry is difficult in the first half of 2024

So, which industries are in big trouble in the first half of 2024?

First, the sharing economy, such as shared bicycles, shared charging treasure these industries, the profit model is not clear, equipment maintenance costs are high, the annual maintenance cost of a shared bicycle company in Beijing is as high as 300 yuan, and users only pay 1 yuan per ride.

The second is space tourism, which has earned a lot of eyeballs, but the cost of each space trip is millions of dollars, plus the cost of insurance and technical maintenance, which is simply prohibitive.

Third, in the field of agricultural science and technology, the construction cost of smart agriculture and vertical farms is high, but the market acceptance is very low.

Fourth, in the gene editing industry, due to regulatory and ethical issues, the actual application rate is less than 5%, and the R&D cost remains high.

Why is GDP growing by 5.3% and some people still saying that the economy is bad? What industry is difficult in the first half of 2024

Fifth, although the VR/AR industry looks promising, the hardware cost is high, and the user experience still needs to be improved. The price of a VR device is as high as 3,000 yuan, but the average user usage time is less than 2 hours per week.

Sixth, the biofuel industry, the production cost is as high as 1,500 US dollars, while the cost of traditional fuels is only 500 US dollars, which is completely uncompetitive.

Seventh, in the high-end beauty and plastic surgery industry, the market is saturated, and consumer trust is declining, resulting in serious customer loss.

Eighth, drone delivery, the current technical and safety issues have not been solved, and the operating costs and safety risks are high.

The ninth is quantum computing, although the technology is advanced, but the cost is high, and the commercial value has not yet appeared.

Tenth, telemedicine, users return to the traditional medical model, demand declines, and platform revenue decreases.

It is not that these industries have no prospects, but that they all have one or another dilemma to solve, which also reveals the complexity and uncertainty in economic and technological development. For us, it is only by keeping abreast of these developments that we can better grasp future trends and opportunities.

What do you think about this issue? Do you feel anything similar? Feel free to share your views and stories in the comment section!

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