Industrials, Financials, Technology Jun 28, 2022 03:24 PM (GMT+8) · EqualOcean
WangHan, chief economist of industrial securities, believes that the overall macroeconomic trend is "sunrise in the East and rain in the west". In overseas markets, inflation has shaken the underlying logic of MMT (Modern Monetary Theory), which is the core reason for the turmoil in the overall financial market. The high absolute interest rate has had a sustained impact on the economy and financial markets. In the domestic market, after the outbreak disturbance, China will first experience the stage of "economic recovery and policy care", and then return to the new "normal" stage where the growth center moves down but the structural factors are obvious. It is not ruled out that the economic growth rate will fall in the fourth quarter of this year. In the financial market, driven by investors' demand for MMT low related assets, it is a general trend for funds to further flow into a shares.