A cyclical upturn in the economy may lift spirits. Some think that the Euro 2024 foot ball tournament, which kicks off in Germany in mid-June, will boost national morale.

经济的周期性好转可能会提振士气。一些人认为，2024年欧洲足球锦标赛将于6月中旬在德国拉开帷幕，这将提振国家士气。

In theory, therefore, China's property market has room for a cyclical upturn even in the midst of a longer-term decline, meaning policymakers can try to revive sales without stoking speculative demand.

因此，从理论上讲，即使在长期下跌的情况下，中国房地产市场仍有周期性好转的空间，这意味着政策制定者可以尝试在不刺激投机需求的情况下重振销售。