CSI 300 Index Shows Strong Long-Term Uptrend With 8%-10% Annual Gains

Indices such as the CSI 300 have shown a very strong long-term upward trend, with annual returns stabilizing around 8%–10%.
During this round of pandemic-era monetary easing, the stock market rally was praised by regulators as a “long bull, short bear” market; yet when real estate prices rose even modestly, authorities demanded tighter controls and insisted on “housing is for living, not speculation.”
The result? Those who’ve been strategically allocating to stocks and funds over the long term have seen their net worth rise substantially, while those concentrated in real estate have experienced very limited asset appreciation.
Given that U.S. home prices have appreciated at just 4%–5% annually—far trailing the S&P 500’s ~8% annual gain—this reflects the long-term trajectory China’s housing and equity markets are heading toward.
To be precise, this trend is already underway: although home prices will continue to climb over the long run, they will lag behind stocks and funds in the broader trend.