News: 2024.03.22
Japan ends negative interest rate policy, China’s economic data is positive – AASTOCKS.com
Recently, Japan announced the end of its negative interest rate policy, which has had a certain impact on the global economy. At the same time, China's economic data also shows a positive trend, giving people a glimmer of hope.
According to the latest data, China's industrial manufacturing fell by 7.5% on a monthly basis, indicating that China's economy still faces certain challenges. Despite this, experts believe that this is only temporary and that China's economy as a whole is still on a stable development track.
Earlier revised GDP data for the fourth quarter of 2023 showed that China's economy had only avoided the edge of a technical recession. This result reflects that China's economy still shows no signs of overheating, and the government needs to further adjust policies to maintain stable economic growth.
There is still some uncertainty as to whether the Bank of Japan will further tighten its loose monetary policy. As spring approaches, people will pay close attention to the Bank of Japan's movements and its impact on the global economy.
Overall, despite facing some challenges, China's economy still shows steady growth. The government will continue to implement proactive monetary policies and structural reforms to respond to changes in the external environment and lay a solid foundation for long-term economic development.