男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Editorials

Chinese investors react to global uncertainties: China Daily editorial

chinadaily.com.cn | Updated: 2018-06-28 21:27
Share
Share - WeChat

Stock markets around the world fell on Wednesday after White House economic adviser Larry Kudlow said in an interview on Fox Business Network that the Donald Trump administration had not softened its stance on China.

Added to the ongoing concerns about disruption to global supply chains resulting from the US administration's attack on China's plan to upgrade its manufacturing, along with expectations the Federal Reserve will continue to raise interest rates, it is natural that nervous investors are seeking safer places to put their money.

Chinese investors have proved to be no exception and the benchmark Shanghai Composite Index was down 0.93 percent and the Shenzhen Component Index down 1.06 percent at close of business on Thursday. And Chinese equities are now down 20 percent on the year's high in January.

To be fair, the jitters of Chinese investors are aggravated by the government's ongoing efforts to deleverage and tackle financial risks, as well as the macro data for May, which suggest industrial output, investment and retail sales all grew slower than expected.

However, the current sentiment reflected in China's falling stock market reflects an emotional response to the short-term uncertainties rather than a rational appreciation of the country's long-term prospects.

As central bank governor Yi Gang noted last week, China has good economic fundamentals, resilient economic growth and balanced supply and demand. Even a full-blown trade war between China and the United States is expected to cut only 0.1 to 0.5 percentage points off China’s economic growth, dependent on the scale of tariffs on Chinese exports. And given that officials from the two countries are still actively discussing ways to avoid this worst-case scenario, there is no reason to think the fallout from the two sides’ trade quarrel cannot be managed.

However, while their dispute in all likelihood will end with a relative whimper rather than a bang, there is no indication of when that might arrive. Until the dust settles and the global economy stabilizes, investors will continue to find their nerve being tested.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 西吉县| 郎溪县| 长丰县| 浦县| 望奎县| 柳河县| 延吉市| 红安县| 华池县| 巫溪县| 兴化市| 昆山市| 河西区| 股票| 鹤庆县| 崇信县| 古田县| 进贤县| 杭锦后旗| 博兴县| 荆州市| 辉县市| 潜江市| 保山市| 波密县| 巴南区| 沈丘县| 怀宁县| 达拉特旗| 乌审旗| 固阳县| 科技| 高州市| 宁海县| 喀喇沁旗| 梧州市| 桐城市| 河曲县| 城固县| 兴仁县| 上栗县|