A week review
With the release of data in July, the fact that the Sino -US trade war caused a negative impact on the Chinese economy has been placed in front of Andmdash; andmdash; fixed asset investment has slowed down to 5.5%year -on -year, setting the minimum record in 1999; retail sales of sales; retail salesThe growth rate decreased from 9.0%in June to 8.8%; the added value of industries above designated size nationwide actually increased by 6.0%year -on -year, which was flat in the same period last year and lower than the average value of the first half of this year.
Analysts have predicted that in order to prevent economic inertia in the second half of the year, China is expected to further implement policy stimuli, including currency, credit and regulatory policies to relax.
In fact, the People's Bank of China (central bank) has accelerated the pace of currency loose since June.The meeting held by the Political Bureau of the Central Committee on July 31. When deploying economic work in the second half of the year, it also proposed to stabilize employment, finance, foreign trade, foreign investment, stable investment, stabilized expectations, and accurately improving.Good situation.
The Chinese government's efforts have achieved preliminary results in recent times.However, data also shows that despite the decline in financing costs, because banks are cautious, small and medium -sized enterprises still face financing difficulties.The central bank put forward the requirements of banking financial institutions to accelerate the improvement of private enterprises and small and micro enterprises' financing services, and actively promote the requirements for reducing the financing costs of small and micro enterprises.
The Executive Meeting of the State Council held on July 23 also requested that the funding fund funding fund is in place, and strive to achieve the annual support of 150,000 (times) small and micro enterprises and 140 billion yuan (S $ 27.9 billion) loan target.
At the same time, the Chinese government is expected to introduce some measures to promote the growth of infrastructure investment in the second half of the year.
According to Reuters, the Chinese financial regulatory authorities are also continuing to promote P2P risk resolution.The CBRC convened four major asset management companies to meet on Thursday (16th) to ask them to take the initiative to act as helping to resolve the risk of thunderstorms of P2P and maintain social stability.
The China National Development and Reform Commission emphasized on the 15th that Sino -U.S. Trade frictions have an overall controllable impact. They are capable of upgrading trade disputes and achieving this year's economic goals, that is, 6.5%, and will not cause new debt due to more active fiscal policies.question.
Ning Jizhen, deputy director of the China National Development and Reform Commission and director of statistics, also said yesterday that internationally, "Chinese threat theory Andrdquo; and" Chinese losing theory Andrdquo; no basis, China's macroeconomic policy tools are sufficient, and macro -control policy space is still very large,It is fully capable of overcoming various difficulties in advance.
Investor's heart is half the air
However, the time difference between policy landing and effect will still be the main risk of the market.What's more, the prospects of the Sino -US trade war are still hazy.At this stage, investors' hearts are still hanging in the air.
Even if China officially reported on Thursday, at the invitation of the United States, Wang Shouwen, the deputy minister of the Ministry of Commerce and deputy representative of the International Trade Negotiation, intends to visit the United States in late August.Consultation of Sino -US economic and trade issues that are concerned about the market has given the market some imagination of the evolution of the Sino -US trade war, but the overall situation will not be reversed due to this consultation.
Although the Chinese media have made this negotiations, it is Andrdquo, "at the invitation of the United States;Pu did not politely come down first.
At the White House Cabinet Conference on Thursday: And "they (China) have not been able to come up with our acceptable solutions, so we will not set any agreement, unless they get fair conditions for the United States. Anandrdquo;
China actually seems to have no fantasies about the consultation.While publishing relevant consultation information, it also reiterated that it opposes unilateralism and trade protectionism and does not accept any measures for unilateral trade restrictions.
In addition, analysts also pointed out that compared with the previous three rounds of consultations, China and the United States have sent many ministerial or even higher -level officials. This time, it is responsible for lower -level officials, showing that this is just a trade negotiations.When talks, officials of both parties first met and bargain to see if they might hold higher -level talks.The United States' tariffs on Chinese goods will take effect in late August.
The Trump administration has imposed tariffs on Chinese goods of US $ 34 billion (S $ 46.7 billion) last month.The measures to impose tariffs on another $ 16 billion in Chinese goods will take effect on August 23.
According to the U.S. Trade Representative Office on Thursday, 8andshy has been extended from the first four days to six days.The hearing is a proposal to impose tariffs on US $ 200 billion in Chinese goods.As many as 370 people are expected to testify at the hearing.The above -mentioned tariffs may take effect after the public comment period on September 6.
Open foreigner stock speculation
Therefore, the news that China and the United States are about to launch consultations are about to inspire the global stock market to rise for a short time and stimulate the strong recovery of the RMB against the US dollar.To eliminate, the A -shares closed down for five consecutive days yesterday.
On the evening of the 15th, the China Securities Regulatory Commission officially issued the revised "Administrative Measures for Securities Registration and Settlement" and "Administrative Measures for Equity Incentives of Listed Companies" to further let go of the authority of foreigners who comply with the regulations to open A -share securities accounts.The new rules will be officially implemented from September 15, 2018.
This new policy is widely regarded as the A -share market that has fallen into the lowest valley in the past three years and the heavy channels that attract foreign capital.Of course, this is also a measure to further open its determination to further open its financial market, and in response to the pressure from the United States to require the market to open up and fair pressure.
Some analysts pointed out that the RMB exchange rate has softened, the Chinese stock market has fallen endlessly, or some foreigners who work in China will go for the stock market.
However, under the New Deal, there are always some of the nearly one million foreigners who participated in the stock marketing army.In China, investors who invest in failure laughed at themselves as cut leeks.
Some Chinese shareholders said with a smile: And "will be added in the future. Everyone should do a good job of the United Front. Do not engage in the backward things of nationalism.It's brother. Anandrdquo;
