🚀China Financial Stability Report Released, China's Economy Steadily Moving Forward in 2024 📈

Latest news, the People's Bank of China has released the "China Financial Stability Report (2024)", bringing us the latest dynamics of the Chinese economy. The report states that despite the complex international situation in 2023, the Chinese economy has still made steady progress, with GDP exceeding 126 trillion yuan, a year-on-year growth of 5.2%, stable employment conditions, and a stable RMB exchange rate, with a robust financial system.

The report also mentions that under the leadership of the central government, the financial system adheres to the principle of seeking progress while maintaining stability, supports the real economy, and prevents and controls risks. For example, by lowering the reserve requirement ratio and policy interest rates, more than 1 trillion yuan of medium- and long-term funds have been released to support microloans and manufacturing. In the real estate market, policies have also been introduced to support stable operations, such as reducing the down payment ratio and interest rates for personal housing loans.

In the face of external shocks, we also have coping strategies, such as adjusting the macro-prudential parameters for cross-border financing to maintain basic balance in international payments. The financial stability guarantee system is also continuously improving, such as accelerating the legislative process for the Financial Stability Law and strengthening the resource guarantee for risk disposal.

Looking ahead, the foundation of the Chinese economy is solid, resilient, and has great potential, and the long-term positive trend remains unchanged. The financial system will continue to implement proactive macro policies, maintain ample liquidity, and support key areas of high-quality development, such as technology finance and green finance. At the same time, it will also continue to strengthen risk prevention and control to ensure financial safety.

In summary, in 2024, the Chinese economy is steadily improving, the financial system is operating soundly, and in the future, we will continue to move forward and maintain high-quality economic development. Let's look forward to more good news together!

#中国经济 #金融稳定 #经济报告

#美国经济软着陆？

U Merchant in Gansu, China, due to withdrawal, recovery of illegal income

Feeling that there is a huge shortage of money in China

Can only rely on this to fill the debt

Advise brothers to get more Hong Kong bank cards

#中国经济

1. Global investors are deeply bleak about China's prospects. About 18% of fund managers surveyed expressed concerns about #中国经济 , a record high. It seems that these smart people are not optimistic about the subsequent development of the Qing Dynasty.

2. Many people are worried that the #降息 that started in September this year will be like the previous interest rate cuts, causing the S&P 500 index to collapse, but the market fell not because of the interest rate cut, but because of the economic recession. At least there are no signs of economic recession yet. Before the economic recession finally appears, the market will continue to rise.

3. The population of the Qing Dynasty has shrunk for the second consecutive year. In 2023, the population decreased by 2.1 million. Since 2016, the number of births has decreased by about 50%, about 9 million. Therefore, the Qing Dynasty has a serious population problem and gradually transformed into an economic problem (Figure 1)

4. The#NVDAyou buy now The shares are likely purchased from CEO Huang Renxun, who is selling them. In this regard, is there anyone who wants to buy Nvidia shares?

5. New whales are buying Bitcoin in large quantities, while old whales are keeping their hands off (Figure 2)

6. Bitcoin has been tested three times and formed a triple bottom, which shows that the market expects to rise. Whenever the buying is strong enough, it will drive $BTC up sharply (Figure 3)

7. Latest: Global stock buybacks slowed to a low point close to the new crown pandemic era

8. The latest heat liquidation chart shows that there are a large number of short orders in the 61800-61400 price range. It seems that no one is optimistic about the performance of Bitcoin #BTC☀ before and after the rate cut (Figure 4)

9. Just now#MicroStrategyraised another $175 million in funds to buy $BTC and publicized that it would raise another $875 million to buy more Bitcoin. This old man is dead set on Bitcoin

10. According to the current bets of CME FedWatch, #美联储 The probability of a #降息 50 basis point increase is 65% and the probability of a 25 basis point rate cut is 35%.

📢 China cuts interest rates twice in a week, is it an expected adjustment or a game between China and the United States?

Recently, China cut interest rates twice in a week, a move that surprised many market participants. Many people believe that this may indicate that the Chinese economy is under pressure, and even regard it as a panic signal.

Usually, when the mainstream media begins to hype the possibility of interest rate cuts, the prices of risky assets tend to rise. But when interest rate cuts actually happen, they may often be accompanied by short-term cuts.

At the same time, mainstream media and large financial institutions can describe interest rate cuts as a positive economic stimulus or as a sign of economic weakness.

In recent days, the decline of the US and A-share stock markets has been hyped by some foreign media, attributed to China's continuous interest rate cuts, and interpreted as a panic alarm in the market, creating more uneasiness in the market in this way.

At the same time, media reports can easily make people lose their sober minds. If you don't think deeply about the logic behind it, you may worry that the market will pull back deeper, and make panic selling decisions.

Europe has already started to cut interest rates, and China's continuous interest rate cuts followed closely, causing most countries in the world to lower interest rates, but the United States still maintains a high interest rate level, which seems to be part of the economic game between China and the United States.

This high interest rate policy actually attracts global funds to flow back to the US capital market. Therefore, this is not only an economic game, but also a game to see who can hold on to the end. Because the country that cuts interest rates last may absorb a large amount of global funds.

Although the United States' international political and economic strategies are sometimes considered not fair, they are usually effective. This is also one of the reasons why the Federal Reserve originally planned to cut interest rates from March this year, but has been delayed until now. One of the reasons why it has not been implemented in July.

In the big chess game of the global economy, each country is looking for the best strategy to maintain its economic competitiveness. Investors need to keep a clear head, deeply analyze the logic behind various economic policies, and make rational investment decisions. 🌐

💬What do you think of China's continuous interest rate cuts? What impact will it have on the global economy?Comment area! #中国经济 #降息影响 #全球经济博弈