The newly announced tariffs have significantly exceeded market expectations. Based on prior assessments, markets generally estimated tariff levels by correlating trade imbalances with tariff intensity. However, the current measures reveal no consistent standard and are filled with aggressive and threatening…
Author: Weihan Luo, Zhen Zhang About this book Preface Each young individual holds a unique perspective on the future world, and these expectations shape every major decision in their lives—from career choices and marriage to homeownership and car purchases. While…
With the conclusion of the Two Sessions this week, China’s stock markets—both A-shares and the Hang Seng Index—have demonstrated resilience over the past two weeks. Although they have not exhibited a sharp rally, they have emerged as a safe haven…
Since the release of the December PMI data, China’s stock market has experienced a sharp pullback over three consecutive trading days, stirring the nerves of market participants. Following the Politburo meeting on September 26, macroeconomic data showed an upward trend…
In the past two weeks, global capital markets have experienced modest volatility. Europe’s markets have been led by Germany, which surged ahead, while the Nasdaq continued to lead global gains. Japan maintained a certain degree of stability, while gold saw…
To maintain an economic growth rate of 4.6% next year, counter-cyclical adjustments have a significant role to play. Two critical policy objectives stand out: sustaining infrastructure growth (including power infrastructure) and boosting consumption growth. Over the past two years, monetary…
Last week saw a broad-based rally across global capital markets. U.S. equities continued their slow upward trend following rate cuts, maintaining intraday volatility. Cryptocurrencies surged significantly, driven by liquidity injections from both China and the U.S., with Bitcoin breaking through…
Last week’s market performance was highly volatile, reflecting the unresolved divergence in participants’ views on the future. At the core of this uncertainty is the debate over the magnitude of the upcoming rate cut—whether it will be 25 basis points…
Last week saw a broad market pullback. With U.S. markets closed on Monday due to a public holiday, trading resumed with a sharp retreat spurred by renewed expectations of a rate hike by the Bank of Japan. The Nasdaq dropped…
China’s asset prices continue to diverge from global trends, with the benchmark index falling below 2800 points and continuing its downward trajectory. This Friday saw another sharp pullback, and government bond prices have surged past previous highs. The central bank’s…
