On June 15th,the General Office of the Shanghai Municipal People's Government issued the"Three-Year Action Plan for Promoting High-Quality Development of the Manufacturing Industry in Shanghai(2023-2025)".
Looking back at the ups and downs of China s stock market in 2007, it is clear that it has developed far beyond people's expectation.While the stock index constantly reaches new highs and the size of the market be...Looking back at the ups and downs of China s stock market in 2007, it is clear that it has developed far beyond people's expectation.While the stock index constantly reaches new highs and the size of the market becomes larg- er and larger,the Chinese financial mar-展开更多
In July,the Political Bureau of the CPC Central Committee held a meeting to discuss the US Dollar to Renminbi exchange rate(hereinafter referred to as the RMB exchange rate).This was the first time in two years that s...In July,the Political Bureau of the CPC Central Committee held a meeting to discuss the US Dollar to Renminbi exchange rate(hereinafter referred to as the RMB exchange rate).This was the first time in two years that such a high-level discussion had taken place on this issue,sending a strong signal to the markets.展开更多
Economic downward pressure since the start of 2022 has seen a notable increase due to disruptions from COVID-19,which causes new difficulties and challenges to achieve the expected growth target set by the government ...Economic downward pressure since the start of 2022 has seen a notable increase due to disruptions from COVID-19,which causes new difficulties and challenges to achieve the expected growth target set by the government this year.We expect that the macroeconomic counter-cyclical adjustment will be significantly stronger,and infrastructure is one of the most important counter-cyclical adjustment tools.展开更多
Forecasting exchange rates has always been an extremely risky business.The literature shows that in the 50 years since the collapse of the Bretton Woods System in the early 1970s,even the esoteric economic models buil...Forecasting exchange rates has always been an extremely risky business.The literature shows that in the 50 years since the collapse of the Bretton Woods System in the early 1970s,even the esoteric economic models built for exchange rate forecasts have not performed well.Taken together,the interest rate differential is not the single determinant of the exchange rate,and there are many other forces that play a role at the same time,which makes the exchange rate forecast doomed to be full of suspense.展开更多
Not all policies can have extremely strong"announcement effect",in other words,the generation of"Draghi moment"requires certain specific conditions,which the author boils down to four aspects.
文摘On June 15th,the General Office of the Shanghai Municipal People's Government issued the"Three-Year Action Plan for Promoting High-Quality Development of the Manufacturing Industry in Shanghai(2023-2025)".
文摘Looking back at the ups and downs of China s stock market in 2007, it is clear that it has developed far beyond people's expectation.While the stock index constantly reaches new highs and the size of the market becomes larg- er and larger,the Chinese financial mar-
文摘In July,the Political Bureau of the CPC Central Committee held a meeting to discuss the US Dollar to Renminbi exchange rate(hereinafter referred to as the RMB exchange rate).This was the first time in two years that such a high-level discussion had taken place on this issue,sending a strong signal to the markets.
文摘Economic downward pressure since the start of 2022 has seen a notable increase due to disruptions from COVID-19,which causes new difficulties and challenges to achieve the expected growth target set by the government this year.We expect that the macroeconomic counter-cyclical adjustment will be significantly stronger,and infrastructure is one of the most important counter-cyclical adjustment tools.
文摘Forecasting exchange rates has always been an extremely risky business.The literature shows that in the 50 years since the collapse of the Bretton Woods System in the early 1970s,even the esoteric economic models built for exchange rate forecasts have not performed well.Taken together,the interest rate differential is not the single determinant of the exchange rate,and there are many other forces that play a role at the same time,which makes the exchange rate forecast doomed to be full of suspense.
文摘Not all policies can have extremely strong"announcement effect",in other words,the generation of"Draghi moment"requires certain specific conditions,which the author boils down to four aspects.
