日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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: 99青青草| 亚洲成人精品在线观看 | 99r精品在线| 日韩成人av在线 | 亚洲日本高清成人aⅴ片 | 免费高清欧美一区二区视频 | 极品美女aⅴ高清在线观看 一级片片 | 午夜影院欧美 | 人人看人人干 | 九九热精品在线视频 | 91免费看视频 | 男女配种超爽免费视频 | 日本叼嘿视频 | 免费av大全 | 91精品啪国产在线观看免费牛牛 | 三级毛片免费 | 日本天天操 | 欧美一区二区三区免费观看视频 | 黄a在线 | 亚洲欧美激情精品一区二区 | 亚洲美女精品 | 六月婷婷综合 | 欧美黄区| 色综合精品久久久久久久 | 亚洲欧美日韩中文不卡 | 日韩手机专区 | 日韩城人网站 | www.最色| 天堂成人A片永久免费网站 奇米影视四色7777 | 在线观看亚洲一区二区 | 久久久9999久久精品小说 | a级片在线免费看 | 欧美一区二区三区精品 | 一区中文 | 精品伊人 | 婷婷激情综合五月天 | 精品国产91久久久久 | 欧美日韩成人一区二区 | 高清国语自产拍免费视频国产 | 国产va免费精品观看精品 | 久久国产成人福利播放 |