Chapter 230 Are people in developing countries not human beings?
Reassured, Li Feng continued to browse last night's financial news.
Article 1: Breaking News: "The Ministry of Industry and Information Technology and seven other departments jointly issued the 'Implementation Plan for Promoting Equipment Renewal in the Industrial Sector'"
This is a further refinement of the policy previously issued by the top leaders.
It is a further requirement and improvement of the digitalization level of the manufacturing industry.
It can be said that in the game of manufacturing, our country has fought head-on. It is conceivable that as time goes by, the gap between my country and foreign countries in manufacturing levels will not only not narrow, but will widen further.
The so-called "overcapacity".
The so-called "excess capacity disrupts global prices and harms American businesses and workers."
It doesn't exist at all.
Not only does it not exist, but the price needs to be lowered further for the benefit of all mankind.
Article 2: The EU announced an investigation into Chinese wind turbine suppliers, and China launched an anti-dumping investigation into EU brandy.
The battle between China and the United States can be said to be a life-and-death struggle.
It can be said that there is some tug-of-war between China and the EU.
The fundamental reason is that the EU is not politically independent and its economy and industry are not strong enough, especially in digitalization and informatization, where it lags far behind.
Article 3: In the first quarter, my country's automobile industry produced 6.606 million vehicles and sold 6.72 million vehicles, of which the production and sales of new energy vehicles were 2.115 million and 2.09 million respectively, up 28.2% and 31.8% year-on-year.
Moreover, China's automobile exports in March reached 502,000 units, a significant increase of 37.9% year-on-year.
They are exported to Russia, Africa, Germany, Japan, Southeast Asia, Latin America...
Although the US and Europe have closed their own markets, we can explore the markets of other developing countries.
If all else fails, we can follow the example of the United States and launch a "Marshall Plan" with Chinese characteristics, building iron roosters in Southeast Asia, the Middle East, and Africa, open up local markets, sell industrial products there, and bring back local specialties and minerals.
Some people would say that these places are too poor, have no money, and no purchasing power.
If they don't have money, we can lend them money for consumption.
If they don't have the spending power, we can slightly increase the price of minerals to give them spending power.
To be more absolute, we can even drop RMB from helicopters for them to consume our manufacturing products.
People in developed countries are human beings, but people in developing countries are not human beings? Are they not worthy of consuming high-quality and low-cost products?
As long as RMB occupies this huge market of 5 billion people and unites the power of these 5 billion people,
So, what about the US dollar?
So, what about Europe and the United States?
It can be said that this is a very far-sighted backup plan.
Based on the “Belt and Road” initiative proposed in 2013.
If this path is really successful.
Then, there is a second way in the world.
The world no longer needs so many US dollars.
Article 4: Among Hong Kong stocks, China Tianrui Cement has been suspended.
Yesterday, this Hong Kong stock plummeted 99% in an instant, from around 5.1 yuan to 0.048 yuan. The wealth of many people was reduced to zero overnight.
Many people complain about the cruelty of the A-share market.
In fact, Hong Kong stocks are even more cruel.
Since there are no price limits, when the Hong Kong stock market explodes and the leeks are killed, it happens in one step and in the blink of an eye, and the leeks don’t even have a chance to resist.
In the A-share market, due to the restrictions of price limits, the "leeks" can still resist and have a chance to escape from the fire.
Therefore, stock investors, especially new investors, must stay away from Hong Kong stocks.
It's not some paradise.
Before I knew it, an hour had passed and the market opened.
Today, the Shanghai Composite Index opened low at 3045 points, and then continued to fall. It fell sharply in the late trading and closed at 3027 points, down 0.70%. It is only 20 points away from 3000 points and is in danger.
Among them, the ChiNext Index plummeted 2.06%, leading the decline among the three markets, with many theme stocks leading the decline.
In the market, there is a clear differentiation among bulk resource stocks.
In the morning session, Zijin Mining took the lead, setting a new high, rising by more than 5%. Luoyang Molybdenum also rose by 3%. In addition, the tin sector performed strongly, with Jiangxi Copper and Tongling Nonferrous Metals also rising by more than 3%.
The coal and oil sectors also followed suit.
Earlier, Jiaozuo Wanfang and Oriental Zirconium fell by more than 5%.
What needs special attention is that the real estate sector was hit hard again. Vanke A suffered a double blow from stocks and bonds again, plummeting 5.13% to 7.58 yuan. Poly Development plummeted 4.24% to 8.13 yuan. Gemdale plummeted 4.16% to 3.46 yuan. The stock prices have collectively been reduced by 30% to 40%.
Many stock investors are already on their deathbed and are even too numb to say a word.
Because, with such a huge loss, it is redundant to say anything else.
I have repeatedly emphasized the need to stay away from the real estate sector, but it is still somewhat bottomless.
In addition, the securities sector fell sharply, with the brokerage ETF falling 1.85%, almost hitting a new low.
CITIC Securities fell 2.75% to close at 18.41 yuan, hitting a new low in five years. Huatai Securities fell 2.67% to close at 13.51 yuan.
Securities firms are pioneers in bull markets and grandsons in bear markets.
As the saying goes, if you don’t open a business for three years, you will make a living for three years after you open it.
Once the bull market comes, the brokerage business, securities underwriting, asset management, securities investment and other business incomes of securities firms will skyrocket, so many people like the flexibility of securities firms and also like to invest in securities firms.
However, there are now two problems.
First, there is a seesaw effect in the stock market now, or a local bull market phenomenon.
Even in the bull year of 2020-2021, securities companies' performance did not surge. It is unlikely that there will be another full-scale bull market like in 2014-2015 or 2005-2007.
Second, nowadays, under the high intention of building a great financial power, ZJH has comprehensively strengthened supervision. A large number of prospective listed companies have withdrawn their listing applications, and this business of securities companies has been under pressure.
Third, due to the plunge in blue-chip stocks such as finance, real estate, liquor, consumption, and new energy in 2001-2003, and even now in 2024, a crisis of trust has been created.
Many fund investors and stock investors no longer trust fund companies, which will inevitably lead to the contraction of fund underwriting business.
Therefore, securities companies are not particularly good investment targets.
"Good, good, good, it will go up, up, up!" These two days, Lao Liu's face was beaming. Looking at his holdings, he sighed at his wisdom and decisiveness.
Old Chen, however, was a bit suspicious and muttered, "Oh my, look, the market has fallen again, to 3027 points. Is it going to break 3000 points again? Is it going to start a correction?"
"Oh my, should I come out and wait and see?"
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