Commentary: The number of non-farm payrolls in August announced on the 2nd of last month showed zero growth far below market expectations, which immediately dragged Hong Kong stocks to break through the 20,000 mark.
The European debt crisis is directly related to the domestic import and export trade of bulk commodities, including but not limited to raw materials and bulk commodities, such as grain and clothing. One of the troikas of China's economic development is export, and Europe is China's largest export destination. This crisis means that China's exports have suffered huge losses.
Citation: Peng 211217610 was published on September 30th, 201year.
1. Under the debt crisis, Europe may implement a tight fiscal policy, which may inhibit economic growth, reduce demand and reduce imports, so China's export enterprises may have a hard time. Although I have always been too opposed to exports, let's talk about it here.
2. The economic outlook is uncertain, the demand for money decreases, the euro may fall, and China's euro foreign exchange will also be lost.
Issuing more money to pay off debts may also aggravate inflation all over the world. (Because inflation in Europe and America is not serious or even deflation, it is possible. )
If the debt crisis becomes a reality, it may affect the financial industry. Bank insurance will suffer losses. With the integration of the world economy, the whole world will be affected by the financial crisis. The drastic change of currency will affect the financial stability of any country.
The continuous rise of American crude oil futures marks the increase of global costs, and the rise of oil prices affects the global economic development.
After the financial crisis at the end of last century, economic growth in many Asian countries and regions began to pick up, private investment gradually recovered, consumer confidence increased, current account surplus increased and foreign exchange reserves expanded day by day. However, with the high oil prices, Asian countries are generally facing increasing pressure.
Citation: Tao Dong 20 1 1 March 0 1.
The impact of rising oil prices on prices in emerging markets is far greater than that in developed countries. Among emerging countries, the hardest hit areas are those without government subsidies, but it does not rule out that some countries with financial subsidies will cancel or reduce fuel subsidies due to their financial burdens. In addition to food inflation, there is also energy inflation, and monetary tightening in emerging countries is bound to accelerate.
Rising oil prices may lead the hesitant European Central Bank to make up its mind to withdraw from quantitative easing. The Bank of England and the European Central Bank have great opportunities to raise interest rates this year. The goal of the US Federal Reserve's monetary policy is to eliminate the core inflation of energy and food. Although internal differences will deepen, the author predicts that the Federal Reserve headed by Bernanke will continue quantitative easing as planned.