
Passage: Overcapacity, local government debt and real estate bubble are the three stubborn diseases facing China's economy. If these problems are not handled properly, they may lead to a hard landing of China's economy. The root cause of the formation of the three stubborn diseases is that China's long-term capital interest rate is low. Only when the cost of capital returns to a reasonable position, can the demand for the overcapacity be controlled and the over-pressure on real estate investment be gradually released. The impulse of local governments to borrow money for development has not been suppressed, and it is difficult for the stock market to come if the three stubborn diseases are not effectively controlled.
Question: If the above statement is true, which of the following options must be true?
A. A.If China's stock market has not yet ushered in a bull market, it must be that the three stubborn diseases have not been effectively controlled.
B. B.If the impulse of local governments to borrow money for development is not restrained, the cost of domestic capital has not returned to a reasonable position.
C. C.If the stock market ushered in a bull market, it must be that the cost of domestic capital has not returned to a reasonable position.
D. D.As long as the cost of domestic capital returns to a reasonable position, China's economy will not make a hard landing.
Answer: