Today's data selection: Hong Kong people reverse their influx into Shenzhen for consumption; Multiple universities will extend graduate program income, doctors, and expenses

At present, the sales relationship between housing and cars is 43 square meters per house per car

On August 15th, Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers, stated in a document that currently, the relationship between car sales and real estate sales in 2023 is 43 square meters for a new house: 1 car. The comparison between sales is more prominent, with some improvement compared to the peak of 70 square meters per car in 2020. Due to debt pressure, the demand for cars in the real estate market has been severely sluggish compared to the real estate market. As the only consumer product that has not been popularized among urban and rural households in China, the overall trend of the national passenger car market in recent years has not been strong, and passenger car consumption has continued to be sluggish, making it difficult to effectively promote the high-quality development of residents' production and living consumption. Cui Dongshu stated that with the sustained high base in July, there is enormous negative growth pressure. Therefore, promoting car consumption can promote more measures such as reducing personal income tax for car buyers, promoting cars to rural areas, and encouraging marriage and car buying, driving car consumption and promoting economic growth.

Hong Kong people reverse their influx into Shenzhen for consumption

From the perspective of segmented data, Shenzhen's retail sales of goods increased by 10.9%, while catering revenue increased by 16.6%. The rapid recovery of cultural tourism, catering, and offline shopping has played a significant driving effect. In addition to the zero growth in consumption during last year's pandemic, the influx of Hong Kong residents into Shenzhen in the first half of this year has become a new growth point in consumption. Since the resumption of normal personnel exchanges between Hong Kong and Shenzhen on January 8th this year, Hong Kong people who are heading north have begun to push Shenzhen onto the throne of "traffic king". Data shows that as of June 29th, Shenzhen Border Inspection Station has inspected a total of 62.347 million inbound and outbound personnel, a year-on-year increase of 3150%.

In an interview with the media, the relevant person in charge of the Shenzhen Tourism Association analyzed that the reason why Hong Kong people are so enthusiastic about going north for consumption is mainly due to the accumulation of consumption enthusiasm in the past three years and the "good quality and affordable price" of mainland consumption, coupled with the recent decline in the RMB exchange rate, the consumption cost of Hong Kong people going north has further decreased. Putting aside this wave of traffic for now, we can more accurately see the real situation of consumption in Shenzhen.

Compared to the economic size of Shenzhen, consumption has always been considered a significant weakness. Before the epidemic, Shenzhen's final consumption accounted for only about 40% of its GDP, which was not only lower than Beijing, Shanghai, and Guangzhou, but also lower than the national average. In the first half of this year, the total amount of consumer retail goods in Shenzhen accounted for only 30.68% of GDP, ranking lower among trillion dollar cities.

Shenzhen people seem to have enough reasons not to spend money. Some people believe that Shenzhen is close to Hong Kong, and most consumers have not stayed locally; There are also "new Shenzhen people" who return home and "complain" about themselves. Shenzhen is suitable for making money, but not so suitable for spending money. Only when they leave Shenzhen can they dare to marry and have children. A more objective reason can also be found in the data: Shenzhen people's expenditure on housing ranks among the top cities.

Experts say it is difficult to drive the national real estate market without the stabilization of first and second tier cities

In the first seven months of this year, the national real estate development investment was 6771.7 billion yuan, a year-on-year decrease of 8.5%, of which residential investment decreased by 7.6%; The results of "guaranteed delivery" have further demonstrated, with a 20.5% increase in completed housing area in the first seven months, including a 20.8% increase in residential completion.

"The early market transactions are still concentrated in high-energy cities, and the market downturn in small and medium-sized cities is still ongoing. In the future, policy assistance is needed to pull first and second tier cities back to stability from the demand side. The current policy focus is still on first and second tier cities, and the large-scale policy tools of small and medium-sized cities have been released. Without the stabilization of first and second tier cities, it is difficult to drive the national real estate market back."

Multiple universities will extend graduate programs

At present, some universities have issued the latest adjustment notices for the postgraduate entrance examination or official enrollment brochures, and many universities will extend the graduate program starting from 2024. According to the basic regulations of the national higher education system, the basic length of study for master's degree education is two to three years, and for doctoral degree education is three to four years. In recent years, it has become a trend for domestic universities to extend their academic system, especially the specialized master's program. How do you view extra time in universities? In the past decade, the scale of graduate enrollment in China has more than doubled. According to data from the Ministry of Education, the number of graduate students enrolled in China was 611400 in 2013, and 1.2425 million in 2022. In order to improve the quality of talent cultivation, some universities have announced new training plans while extending their academic system.

Only 14% of department directors and deputy directors have an annual income exceeding 200000 yuan

The medical anti-corruption storm that erupted at the end of July 2023 has made it a focus of discussion on how much income of 4.28 million Chinese doctors can be shared in the sunshine.

Finance · Big Health once conducted a survey on the income of doctors in public hospitals in multiple regions, and found that different regions and departments led to differences in the income of domestic doctors. For example, in a tertiary hospital in a northern provincial capital city, a chief surgeon earns 6200 yuan at the end of each month, while alumni of the same cohort work as attending physicians in the cardiology department, with a basic salary plus performance-based pay of over 5000 yuan.

But one commonality is that if we only talk about sunshine income, the salary of domestic doctors is not as high as imagined by the outside world. Even in the relatively high salaries of doctors in the Beijing and Shanghai regions, the income of most doctors is difficult to call high salaries. Many doctors who have stepped out of the system have told Caijing Health that one of the reasons for leaving public hospitals is to hope to earn a high salary under the sunshine. The consensus in the industry is that there is an urgent need to promote salary reform for doctors in public hospitals, especially for doctors aged 35-45, who are the backbone of the Chinese medical industry.

The doctor's salary is divided into three parts: basic salary, performance-based salary, and allowance subsidies. The basic salary is based on the provincial standard, and all aspects are linked to professional titles and positions, fixed and unchanged. The performance-based salary also depends on the average income level of the hospital and department. At present, the salary standard for professional and technical personnel in national public institutions is 1510-6010 yuan per month; The salary range is 260-7204 yuan per month. Another thing is performance-based pay. In economically developed areas, some hospitals have a per capita basic performance-based salary that can reach 1.5 times the per capita level of public institutions.

According to the 2022 China Hospital Human Resources Status Survey Report, the average clinical income of doctors is 94000 yuan, with 70% of doctors reporting pre tax clinical income below 100000 yuan. According to a survey conducted by "Finance · Big Health", in a tertiary hospital in Huainan, Anhui, the basic salary of the chief physician is 2002 yuan. With the bonus and performance of the department, the monthly income is about 5000-6000 yuan, and the annual income is less than 80000 yuan.

Each region controls the total amount of performance-based pay issued by hospitals, and hospitals can allocate it independently. Hospitals with good performance will receive bonuses, known as performance-based pay. This means that in areas with concentrated high-quality medical resources such as Beijing, Shanghai, and Guangzhou, the average income of doctors will be relatively higher, while the difference is not significant in other regions.