On the policy measures of Beijing, Dr. Zay said:
“In the context of the policy, the permanent effects of the earlier measures for the purpose of encouraging consumption require further evaluation, and follow -up action should be initiated on the basis of real circumstances. The important thing should be promoted that domestic demand should be promoted to improve domestic income. Such as, to improve employment environment, to strengthen social security, to strengthen social security, to strengthen domestic security, and finally to increase a continuity.
Eye trade talks of markets
The markets responded to the news of the plan to speak with Xi Jinping this week. On Tuesday, June 3, the Hang Seng Index made a rally of 1.12% in the morning trade. The CSI 300 and Shanghai Composite Index were upgraded 0.50% and 0.48% respectively. However, YTD performance remains mixed. Hang Seng index has obtained 16.75% YTD, while CSI 300 is 1.93% below. Shanghai Composite is a modest 0.35%, performing better than the Nasdaq Composite Index (YTD: -0.35%).
Meanwhile, gold has increased by 28.22% to $ 3,365 ytd, which reflects the impact of trading stress on risk emotion.