Commentary: Chinese economy, short sellers' nightmare

    Source: Xinhua| 2019-05-28 22:29:54|Editor: Li Xia
    Video PlayerClose

    BEIJING, May 28 (Xinhua) -- Those interested in short selling the Chinese market believe the trade war will force the Chinese economy into a hard landing. They might be in for a surprise, however, when the Chinese economy deals the first blow.

    Their bearish tone was halted by a slew of China's positive economic indicators since the start of China-U.S. trade disputes over a year ago.

    China's economic output exceeded 90 trillion yuan (13.03 trillion U.S. dollars) by the end of 2018, with per capita GDP nearing 10,000 U.S. dollars. Foreign trade volume hit a record high of over 30 trillion yuan last year, and consumption has contributed over 75 percent of China's GDP growth.

    Contrary to short sellers' claims that China will be hurt very badly if the two countries do not reach a trade deal, global organizations and foreign enterprises have unwavering faith in the world's second-largest economy.

    The International Monetary Fund (IMF) in April revised up the 2019 growth projection for China to 6.3 percent from 6.2 percent, while downgrading global growth forecast to 3.3 percent. Global index provider MSCI has recently added 26 China A shares to the MSCI China index.

    China has been one of the most popular destinations for global investment with foreign direct investment (FDI) into China ranked first among developing countries for 27 consecutive years in 2018.

    China short sellers are disappointed to find that the trade war has not stopped the pace of China's technological advancements but highlighted its innovation strength.

    Following restrictions on the sale or transfer of technologies from the U.S., Chinese telecom giant Huawei said it would use backup chips it has independently developed for years to cope with the ban.

    Huawei Founder and CEO Ren Zhengfei told the press that even a setback to the company finances would not affect its spending on research and development.

    The total number of R&D personnel in China was estimated at 4.18 million in 2018, the highest in the world. China's number of patent applications and approvals both rank first in the world, while the contribution rate of technology is as high as 58.5 percent.

    Short sellers need to face the reality that China's breakthroughs in science and technology are not because of the U.S. having its technology IPR stolen, but China's transition from being the world's factory to being the world's innovation platform.

    Instead of living in a bubble of disillusion, China short sellers should do their homework: it is not the time to short sell the Chinese market, and it will never be.

    KEY WORDS:
    EXPLORE XINHUANET
    010020070750000000000000011100001380976991
    主站蜘蛛池模板: 6080新视觉| 久久久久久亚洲精品中文字幕| 精品国产污污免费网站入口 | 女邻居掀开短裙让我挺进| 二个人的视频www| 波多野结衣办公室在线观看| 国产一级性生活片| 四虎1515hh永久久免费| 大学生毛片a左线播放| 丰满人妻一区二区三区视频 | 日本五月天婷久久网站| 亚洲尹人九九大色香蕉网站| 第一福利官方导航大全| 国产乱码一区二区三区| 一级特黄录像免费播放肥| 奇米影视7777久久精品| 久99re视频9在线观看| 欧洲美熟女乱又伦av影片| 亚洲精品成人网久久久久久| 美女毛片一区二区三区四区| 国产成人无码一区二区在线播放| 99re热久久这里只有精品首页| 成人18视频日本| 久久久久女人精品毛片| 最近最新的免费中文字幕| 亚洲男人的天堂网站| 精品一区二区三区在线视频| 国产三级av在线播放| 再深点灬舒服了灬太大了乡村| 黄色一级毛片看一级毛片| 国产精品第6页| hd日本扒衣党视频播放| 扒开双腿猛进入女人的视频| 九色综合狠狠综合久久| 欧美激情精品久久| 免费一级毛片女人图片| 老司机精品视频在线| 国产午夜精品一二区理论影院 | 自拍偷拍999| 在线观看亚洲免费| 一个人hd高清在线观看|