When typical chinese has nothing to back-up their view, this is what normally they would do to manupulate us thru their own understanding of moral or racial card hijacking our emotion feeling of guilty.
You are right most of the CCP supporters trying to play race cards it manupulates all Chinese MUST support CCP. CCP does not represent 100% China. Communism and Socialism are not original from ancient China. Those are rubbish from Europe culture.
Chinese Industrial profit (YoY) (Jun) -12.6% Chinese Industrial profit YTD (May)-18.8%
Very bad data.
Data annouced by CCP. Now I know CCP is also falungkong.
Country with evil axis. Global supply chain restructuring factories have not enough ordered caused pay cut and jobless. No money paying housing loan caused default payments and local banks short of cash flow, depositors even can't withdraw their hard earned money. Very pity.
Chinese Industrial profit (YoY) (Jun) -12.6% Chinese Industrial profit YTD (May)-18.8%
Very bad data.
Data annouced by CCP. Now I know CCP is also falungkong.
Country with evil axis. Global supply chain restructuring factories have not enough ordered caused pay cut and jobless. No money paying housing loan caused default payments and local banks short of cash flow, depositors even can't withdraw their hard earned money. Very pity.
CCP Xi lead the country to wrong direction joining with evil axis, CCP wants China die. What to do, CCP supporters can't do anything about it.
OKYO: Japanese stocks climbed for a second straight session on Thursday, as a softer yen boosted exporters while tech shares resumed a rally after traders assessed the prospects of further investments in the chip industry.
Shares of Nissan Motor jumped 3.5% as the yen trading near the weakest in more than seven months boosted the value of its overseas sales. Rival Mazda Motor climbed 1.42%
Chip industry heavyweights Tokyo Electron and Advantest surged more than 3% each.
Asian shares subdued, yen and yuan hover near 8-mth troughs
SYDNEY: Asian shares were sudued on Thursday after global central banks reaffirmed their inflation-fighting resolve, warning rates may need to rise further, while the yen and the Chinese yuan struggled to lift from lows amid fears of official intervention.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while markets in Singapore, India and Malaysia are closed for holidays. Chinese blue chips slid 0.3% and Hong Kong's Hang Seng index fell 0.7%.
Japan's Nikkei, however, gained 1% and was headed for a monthly rise of 8.5% and a quarterly jump of 19%.
The offshore yuan hovered near an eight-month trough at 7.24 per dollar on Thursday, after the central bank fixed the daily guidance at the weakest level since November.
CCP could claim GDP inccrease 50% this year, only their supporters and speculators will believe to con others. Smart investors follow smart money. Both Yen & Yuan are weak but their stock markets performed differently. Smart money flew into strong & dynamic markets and out from weak market. Smart money never listened to cheating data but always moving towards the right direction and strategy policies with strong and solid alliance.
do u know what s mutual respect and non interference.? its american hegemony vs Chinese mutual respect and non interference.
The Chinese way is a far better way to have peace and prosperity in the world.
Every country is different ...we cannot have outsiders call others evil based on incomplete understanding, based on biased headlines and manufactured reasons. .............................or based on your God is better and other people god is evil.
CCP could claim GDP inccrease 50% this year, only their supporters and speculators will believe to con others. Smart investors follow smart money. Both Yen & Yuan are weak but their stock markets performed differently. Smart money flew into strong & dynamic markets and out from weak market. Smart money never listened to cheating data but always moving towards the right direction and strategy policies with strong and solid alliance.
Ans: Good explanation to avoid any con by CCP supporters. Smart investors to follow smart money invest on those markets with strong alliance with right strategies.
US economic growth last quarter is revised up sharply to a 2% annual rate
WASHINGTON (AP) — Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.
Thursday's revised figure from the Commerce Department sharply upgraded its assessment of first-quarter growth from its previous estimate of a 1.3% annual rate.
The key word is spending power even with only 2% GDP growth. Eventhough with high inflation people able to spend due to low jobless rate and high income. Country with 5% GDP growth rate (???) , however, with low spending power due to high jobless rate and pay cut will only cause deflation.
Americans are feeling far more confident about the economy
Americans are feeling fairly bullish about the US economy: A key measurement of consumer confidence just jumped to its highest level since January 2022.
The Conference Board’s Consumer Confidence Index was 109.7 in June, rising from 102.5 the month before, according to a report released Tuesday.
The key word is spending power even with only 2% GDP growth. Eventhough with high inflation people able to spend due to low jobless rate and high income. Country with 5% GDP growth rate (???) , however, with low spending power due to high jobless rate and pay cut will only cause deflation.
Low jobless rate with high spending power is the key of economy, if people pessimistic about the future especially become negative assets they can't afford to spend. This will cause deflation.
28 Jun, 2023India economy set for robust growth in 2023, driven by domestic consumption and infrastructure boost, says GlobalData
Amidst a gloomy global economic scenario, India emerges as a ray of hope and is positioned to achieve the highest GDP growth rate among major economies in 2023. The growth will be driven by robust private consumption and investment, supported by government efforts to enhance infrastructure, logistics, and the overall business climate. However, a decline in external demand may impact trade prospects this year. Nonetheless, the country is expected to maintain a solid pace with a projected growth rate of 5.7%, representing a slight slowdown from the 7% growth experienced in 2022, according to GlobalData, a leading data and analytics company.
GlobalData’s latest report, “Macroeconomic Outlook Report: India,” reveals that India’s GDP grew by 6.1% on an annual basis in Q1 2023, surpassing the previous quarter’s 4.5% growth. Private spending accelerated to 2.8% (from 2.2% in Q4 2022), public expenditure rebounded to 2.3% (-0.6%), and gross fixed capital formation increased to 8.9% (8%).
The economic growth in Q2 and Q3 2023 is expected to be driven by private consumption, supported by a revival in rural demand and increased manufacturing activity supported by benign inflation. India’s annual inflation rate dropped to 4.25% in May 2023, marking the lowest level since April 2021 and remaining closer to RBI’s inflation target of 4%.
Apple big sales in India and total 15% of I-phone 15 will be manufactured in India.
Billionaire Ray Dalio hails India as the next big investing opportunity, saying its economy is on the verge of a China-style rapid surge
Ray Dalio praised India's economic potential Thursday after meeting with the country's prime minister Narendra Modi. The Asian country is "at the brink of the fastest growth rates and biggest transformations in the world," the billionaire investor said. Tesla CEO Elon Musk also met Modi this week, pledging to ramp up the EV maker's presence in India.
Ray Dalio heralded India as the next big investing opportunity Thursday, saying that the country was primed for massive growth that would echo China's economic transformation in the 1980s.
The Bridgewater Associates founder re-tweeted a photo of himself with prime minister Narendra Modi, adding that worsening tensions between Washington and Beijing would only strengthen the position of the world's fifth-largest economy.
"I am pleased to be able to help PM Modi as he is a man whose time has come when India's time has also come," Dalio said. "He and India are in an analogous position to Deng Xiaoping and China in the early 1980s – i.e., at the brink of the fastest growth rates and biggest transformations in the world."
"The challenges both between and within China and the US are putting PM Modi in a unique position to influence the complexion of the world order via influencing the non-aligned world's dealings with these two leading world powers," the billionaire investor added.
Dalio's praise of Modi comes the same week that Tesla CEO and Twitter owner Elon Musk met with the prime minister.
The billionaire tech boss pledged to ramp up his EV maker's presence in India "as soon as humanly possible" and called himself a fan of the country's leader.
Legendary investor Mark Mobius also said he was bullish on investing in India – which logged strong GDP growth of 7.2% last year – this week.
"To me, India is the real future," the Mobius Capital Partners founder, whose known in investment circles for his high-profile bets on Chinese assets, told Bloomberg Tuesday. Mobius, the cofounder of Mobius Capital Partners, told Bloomberg Tuesday.
PM Modi US Visit Highlights: New and proud journey of India-US ties has begun, says PM Modi
PM Modi US Visit 2023 Highlights: Prime Minister wrapped up his three-day visit to the United States with an address to the Indian community members. Cheering up the crowd, he said that people of Indian origin will not have to leave the US for getting H-1B visa renewal, PTI reported. He departed for Cairo for his first state visit to Egypt.
He also emphasised that a new and proud journey of India-US ties has begun and the world is watching the two great democracies strengthening their bond.
Before that, he met with top CEOs at the White House in Washington, news agency PTI reported. On Friday, he said the India-US partnership is not of convenience but one of conviction, shared commitments and compassion.
In his address to young entrepreneurs and professionals at the John F Kennedy Center here, Modi said whenever India has become strong, the world has benefited.
United States president Joe Biden, Reliance Industries chairman Mukesh Ambani, Google CEO Sundar Pichai, Mahindra and Mahindra chairman Anand Mahindra, American astronaut Sunita Williams attended the meeting. He is set to meet US Vice President Kamala Harris and Secretary of State Antony Blinken. PM Modi will also address a gathering of diaspora leaders from across the country.
Meanwhile, during a state dinner on Thursday, PM Modi and US President Joe Biden hailed a new era in their countries’ relationship. “Two great nations, two great friends, and two great powers. Cheers,” Biden told Modi in a toast at the state dinner. “You are soft spoken, but when it comes to action, you are very strong,” PM Modi replied. On the guest list at the state dinner were several top executives from across the world, including Reliance Industries Chairman and MD Mukesh Ambani, Apple’s Tim Cook and Google CEO Sunday Pichai.
Underlining that India and the US come from different circumstances and history, Prime Minister Narendra Modi on Friday said that this visit is one of the “great positive transformation” and together they will demonstrate that “democracy is better and democracies deliver”. Modi, who addressed the joint session of the US Congress for almost an hour punctuated by applause and standing ovation for the second time, said, “When I was here in 2016, I said that our relationship is primed for a momentous future. That future is today.”
Strong alliance will bring the world economy to another level and ease the military conflicts in the indo-pacific region.
India’s stock market is hitting record highs. Here’s why
India’s stock market is booming as investors take a chance on one of the few bright spots in a fragile global economy.
The country’s stocks are so hot that India is now home to the world’s fourth most valuable equity market, behind only the United States, China and Japan.
India’s benchmark Sensex index, which tracks 30 large companies, has soared 10% over the past three months, while the broader Nifty 50 index has jumped 11% in that time.
Both indexes hit all-time highs last Wednesday. This week they have shrugged off nervousness over instability in Russia, where armed mercenaries staged, and quickly called off, a rebellion last weekend.
The revolt fueled concerns that unrest in the world’s second biggest exporter of oil — and a major supplier to India — could upend the global energy market, heaping more pain on economies around the world.
Both Indian indexes have recently far outperformed their European peers. Since late March, the United Kingdom’s FTSE 100 (UKX) has risen just 0.8%, and France’s CAC 40 (CAC40) 2.9%. The pan-European Stoxx Europe 600 index has climbed 2.9%. The S&P 500, meanwhile, has gained 10% over the same time period, staying 8.8% below its record high reached in 2022. The total value of Indian equities has hit $3.5 trillion, greater than the value of Europe’s two biggest stock markets, in the UK and France, according to data from Refinitiv.
India’s strong performance stands in “striking contrast to Europe,” Sher Mehta, director of macroeconomic research and econometrics at consultancy Virtuoso Economics, told CNN.
“[In Europe] recession fears have been on the ascendant amid concerns of … persistently high inflation resulting in continued monetary tightening,” Mehta said. Those fears and the interest rate hikes have discouraged private consumption and investment in the region, he added.
Bright prospects The surge in Indian equities is a reflection of the strength and potential of the country’s economy, according to economists and fund managers.
The International Monetary Fund expects India to outperform all major emerging and advanced economies this year, logging 5.9% growth in gross domestic product.
India recently overtook China to become the world’s most populous nation, with 1.43 billion people, representing an enormous pool of potential workers and consumers that companies — both in India and abroad — can tap into.
“There is a growing category of the largely urban middle class who have increasing levels of disposable incomes,” Sohini Kar, associate professor of international development at the London School of Economics, told CNN. “This is quite a heterogeneous group of which some at the top end are able to afford luxury goods, foreign holidays… while at the bottom end, it might be about being able to afford a motorcycle or family car,” she added.
Earlier this month, Airbus (EADSY) agreed to supply 500 jets to Indian airline IndiGo, landing the biggest aircraft order in the history of commercial aviation.
Pieter Elbers, IndiGo’s chief executive, said the airline was keen to capitalize on the “rising disposable incomes” in India, which were adding “millions of first-time flyers to a booming aviation market.”
In another vote of confidence in Indian consumers, Apple (AAPL) opened its first physical store in the country in April.
India’s healthy economic outlook was also cited by credit ratings agency S&P Tuesday as a key reason for its more upbeat view of the country’s financial sector.
Bright prospects The surge in Indian equities is a reflection of the strength and potential of the country’s economy, according to economists and fund managers. ======
same as saying setting themselves up for disappointments.
Bright prospects The surge in Indian equities is a reflection of the strength and potential of the country’s economy, according to economists and fund managers.
Proven by strong and solid alliance, with big orders and technical know how.
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