China's Financial ThinkingChina chose to cut interest rates when the Fed raised interest rates because China has foreign exchange controls that can control capital outflows. At the same time, China's foreign exchange reserves are huge, and it can be right
author:Nguyen Shi Fu
China's financial thinking
China chose to cut interest rates when the Fed raised interest rates because China has foreign exchange controls that can control capital outflows. At the same time, China's foreign exchange reserves are huge, which can hedge against capital losses. However, other countries can also cut interest rates, but they need to be carefully considered. In today's volatile global situation, investors need to be cautious and learn more and think more.
China Net Finance, May 17 -- Today, Tao Ling, deputy governor of the People's Bank of China, said at the regular briefing on the State Council's policies held by the Information Office of the State Council that based on the central bank's monetary policy...
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