Chinese people who want to live a good life and don't want to go bankrupt should read this article carefully! You have made money in the stock market and the real estate market. Please don't be happy yet, you are just digging a hole for yourself. To put it bluntly, you are your own gravedigger. Who doesn't want to be rich? But money is relative and the most unreliable. During the Southeast Asian financial crisis, how many people cried and shouted to sell their local currency and exchange it for US dollars. So if you make money today, you are just enjoying the pleasure brought by ecstasy. Or think about how to cooperate with the country and do something to keep the fruits of victory. The US financial war has already started, and China is in a difficult situation! Now many Chinese people are very concerned about the topic of RMB appreciation, but they don't understand the real intention of the United States to force the appreciation of the RMB. Now I will express my personal opinion on this shallowly! I believe that everyone is familiar with the "Japanese Economic Recession" in the 1980s, the "Asian Financial Storm" in the 1990s, and the "Hong Kong Financial Defense War" in Hong Kong! Maybe some people will say that it was done by the international speculation group "American Soros Consortium", but have you ever thought about whether there is no support from the US government behind it? Next, I will analyze the causes and consequences of these events carefully and you will understand. Starting from 1980, especially from 1990 to 1995, what was the GDP gap between the first place United States and the second place Japan? Japan's GDP exceeded half of the US GDP! This is also the only time so far that the economic gap between other countries and the United States has been reduced to half. The Japanese are cheering: As long as the GDP exceeds that of the United States, Japan can return to a "normal country"! The Americans did not say anything. In theory, Japan is still an ally of the United States, and its economy is also supported by the United States. The United States has no need to split Japan (if it wants to split, it will be split during World War II, and there is no need to wait until the 1980s and 1990s). The United States is also unlikely to use "subversive incitement" against its ally Japan. Seeing that the United States cannot stop the development prospects of Japan's economy! Countries around the world are excitedly looking forward to the "historic moment" when Japan's GDP exceeds that of the United States! Japanese companies are even crazier. The symbol of the American economy - Rockefeller Plaza has been bought by the Japanese! The spiritual symbol of the United States - Hollywood has been bought by the Japanese! The mood of the American people suddenly fell to the bottom. "The world's first" is about to be lost! The American people's sense of glory was declining sharply, and anti-Japanese sentiment began to spread among the people. In 1980, Japan's GDP was almost half of that of the United States. Something happened in 1985. In 1985, the United States coaxed the other five countries (the Group of Seven) to force Japan to sign. Using "administrative means" to force the yen to appreciate. In fact, the central idea is that the Bank of Japan should not "excessively" intervene in the foreign exchange market. Japan had sufficient US dollar foreign exchange reserves at the time. If the Bank of Japan intervened, the yen would not appreciate. Unfortunately, Japan is a castrated eunuch. The US military presence, political infiltration, and even the constitution were tailor-made by the Americans. It was impossible not to sign the Plaza Accord. Everyone knows the final outcome of Japan. From the Plaza Accord in September 1985 to early 1988, the United States demanded that the yen appreciate. According to the agreement, the yen was pushed up, and the exchange rate of the yen against the US dollar rose from 1 US dollar to 240 yen before the agreement to 1 US dollar to 160 yen in May 1986. Because the Reagan administration of the United States insisted that the appreciation of the yen was still insufficient, it continued to push up the yen through verbal intervention and other forms. Thus, by the beginning of 1988, the exchange rate of the yen against the dollar further rose to 1 dollar to 120 yen, which was exactly double the exchange rate before the Plaza Accord. Were the Americans satisfied? No. Let's look at it further. From February 1993 to April 1995, then Clinton administration Treasury Secretary Bates made it clear that in order to correct the imbalance in Japan-US trade, the yen needed to appreciate by about 20%. At that time, the yen exchange rate was roughly 1 dollar to 120 yen. Therefore, according to the US government's induced target, the yen market quickly rose to 1 dollar to 100 yen. Later, because the Clinton administration took a more severe attitude towards the Japan-US economic relations centered on automobile friction. By April 1995, the yen exchange rate rose sharply to 1 dollar to 79 yen, setting a record high. What are the consequences of the appreciation of the yen? Rockefeller Plaza returned to the hands of the Americans, and General Motors made a net profit of 400 million US dollars in the sale and purchase of this plaza! Japanese capital withdrew from the United States at a large loss while struggling to survive. The American people won! They successfully repelled Japan's economic attack! We can see from the example that after 1995, the GDP ratio between Japan and the United States has opened up again, and it is getting bigger and bigger! Maybe some netizens still don’t understand, what’s wrong with the appreciation of the yen? What does it have to do with our discussion? The appreciation of the yen is an economic blocking war by the United States against Japan! It successfully transferred Japan’s wealth of more than 20 years of development to the United States. Let me give you an example below so that you can understand clearly. Suppose I am an American consortium, of course I know what will happen in 1985. Suppose in 1983, I exchanged 10 billion US dollars into 2400 billion yen, entered the Japanese market, and bought Japanese stocks and real estate. The booming Japanese economy caused the stock market and real estate to rise like crazy. In 1985, the Plaza Accord was signed, and the yen began to appreciate. By the beginning of 1988, the stock market and real estate, assuming that I had doubled (doubling in 5 years is the lowest assumption), that is 4800 billion yen. At this time, the yen appreciated to 1:120. I sold all the real estate and stocks in Japan in one year, and then exchanged them back to US dollars, which is 40 billion US dollars! In 5 years, I made a net profit of 30 billion US dollars! (This is still the lowest assumption). What about Japan? The sudden departure of huge amounts of foreign capital led to the collapse of the Japanese economy! The term used in economics is "the bursting of the bubble economy." This is what Japan often calls the "lost decade." And I returned 40 billion US dollars to the United States with interest. Think about it, how can the US economy not be prosperous? ! ! Japan's "lost decade" is the "prosperous decade" of the United States! Just look at my table above and you will know. I am only talking about one of the American consortiums, what about the other consortiums? Hehe, and my assumption is only until 1988. If it is until 1995, the yen appreciates to 1:79. Can you and I imagine how much wealth the United States has taken from Japan in its victory in this economic war? The United States has made enough money, and the yen has now returned to 1:At 140, the dollar is still as strong as it was 30 years ago! The temporary depreciation of the dollar did not damage its international status. This economic war between the United States and Japan ended with a complete victory for the United States! ! The Americans are addicted to it. In 1998, the same trick was used again on the four little dragons and four little tigers in Southeast Asia. This is the Asian financial crisis! The only difference is that the Plaza Accord is not needed this time. Because the foreign exchange reserves of these little tigers and little dragons in Asia can directly block and win a great victory! However, they still failed to defeat the United States, which is rich, militarily strong, and pursues hegemony. Everyone has seen the ending. Southeast Asian currencies rose first and then fell, and the fruits of economic development were plundered by the United States! ! The only market that withstood Soros's attack and did not collapse economically was Hong Kong after its return, which preserved the fruits of Hong Kong's development for decades. At that time, Soros mobilized the world's public opinion (including Hong Kong's public opinion) to attack the Hong Kong government (Chinese government) for "administrative intervention in the market", violating the rules of the market economy and lacking democracy and freedom. If China had succumbed to the pressure of world public opinion and did not use "macro-control" to intervene in the market, it would have caused a disaster. I don't know how many Chinese people would have jumped off the building and committed suicide due to bankruptcy like Japan did back then! Donald Tsang later said: "The night before the government decided to intervene in the market, I sat on the bed and cried, not for myself, but for fear that if this decision was wrong and harmed Hong Kong, how could I explain to the central government and the citizens." Now everyone knows why the United States repeatedly demands that other countries' "freedom of the press", "market economy" and "democracy and human rights" are based on its own interests, and knows the correctness and advantages of my country's "macro-control" policy. Did the United States stop? No, because the growth of our comprehensive power and the enhancement of our national strength threatened the fundamental interests of the United States and the authority of "the world's first". Recently, "China publicly supported Annan, who was in trouble because of his son's scandal, and accused the United States of deliberately taking advantage of the issue to attack his life." is the best proof. So the United States is not happy and wants to make trouble. Now forcing the RMB to appreciate is the first step to weaken China. Do you understand? Do you know why the central government suddenly suppressed the real estate market in Shanghai and Beijing? Do you know why the Chinese stock market is so miserable? Zhou Xiaochuan, the governor of the central bank, said something in March or April: "There is a foreign capital of 4 billion US dollars speculating in real estate in Shanghai, and it has already withdrawn from China. Such foreign capital is better off not having it!" Do you understand? The Chinese stock market is a weak stock market and is easily exploited by American financial groups. The central government cannot relax its control over the stock market, otherwise the Chinese economy will collapse under the attack of foreign capital! Some time ago, in early December this year, another foreign capital group of 24 billion US dollars withdrew from Shanghai, China. Now, everyone understands the advantages of the country's macro-control, and knows how wise and timely the country is to introduce so many policies targeting real estate! Now everyone knows why China has to implement national foreign exchange controls, exchange rate controls, suppress real estate, control the stock market, and why China has to maintain huge foreign exchange reserves, why the central bank has recently introduced new real estate loan regulations, why the Chinese government has always required import and export trade balance, why it wants to expand the Southeast Asian trade market and the EU market, and why it wants to join the WTO. In fact, the economic war between China and the United States has already begun, and hundreds of moves have been made back and forth. Most of our netizens are still ignorantly staring at the Taiwan Strait and the fact that the US military has added another military base in Central Asia. You must know that the disaster of economic collapse is far more serious than the consequences of a military war. There are only two types of military wars: "war of aggression" and "war of patriotism". The ultimate goal of the military "war of aggression" is to defeat everything of the other side (military power and economic power) to occupy the other side's territory, plunder resources, control, enslave and exploit the other side's citizens. Such things have happened a lot in Chinese history, and I will not cite examples here. Today, the United States is using military wars of aggression as a means to achieve its true intention of enslaving and exploiting the other side (for weak countries). Just look at "Iraq" today and you will understand that the United States actually invaded and occupied Iraq and controlled Iraq's oil to meet the huge domestic demand in the United States; and for the former Soviet Union, which was strong (the former Soviet Union had nuclear power to kill the other side), the United States had no choice but to launch an economic attack to drag them down. The split of the Soviet Union is the best example. Some people may say that it was the arms race during the Cold War and the domestic policies of the Soviet Union at that time that led to the disintegration of the former Soviet Union due to economic collapse. However, have you ever thought that the arms race is based on economic strength. At that time, the economic strength of the United States was stronger than that of the Soviet Union, so the United States won and the Soviet Union disintegrated. Now it is our turn. my country's current economic and military strength is not as strong as the Soviet Union during the Cold War. The similarity is that my country also has nuclear weapons that can destroy the United States, but the number is a little less. In this round, it depends on the wisdom of our leaders. It is imperative to establish reasonable policies to avoid risks and protect ourselves (fortunately, my country is already doing this now). However, the United States is not idle either, and as the first step of economic attack, they have already taken it early. There have been many things like the acquisition of China's "Xuzhou Heavy Industry" by the world speculative consortium such as the American "Carlyle Group". I will not list them one by one here. Their purpose is very clear, to control China's core technology and conduct global technology monopoly. At the same time, before the exchange rate changes, they use US dollars to exchange RMB, forcing the Chinese central bank to issue a large amount of RMB to cope with the large demand for currency exchange, laying the groundwork for dragging down the Chinese economy. This is still the open entry, and the secret ones are even more difficult to count. Speaking of this, perhaps many people do not understand what the behavior of exchanging a large amount of US dollars for RMB has to do with dragging down the Chinese economy. Here, I explain: Under normal circumstances, before a large number of American consortiums maliciously pour into China to exchange a large amount of US dollars for RMB, my country's economic form is relatively stable, and the amount of RMB issued by my country should be equal to the amount of wealth accumulated by the Chinese people. However, a large amount of funds from malicious foreign consortiums pour into China, and a large amount of RMB needs to be exchanged, making the amount of RMB in circulation in my country far exceed the amount of wealth accumulated by the Chinese people. And all these RMB are invested in a few fields, which on the surface has boosted my country's economy and increased domestic consumption, but in fact has also caused a sharp rise in asset prices. According to statistics, there are currently 136 trillion US dollars invested in the international financial market. Of this, as long as 1%, or 1.36 trillion US dollars, pours into China for speculative operations, at the current exchange rate, my country will have to issue 10.6 trillion yuan. If the RMB appreciates by 15%, they will exchange the RMB for USD, and they will get back USD 1.56 trillion, while China's foreign exchange reserves are USD 0.2 trillion, which means that the investment funds will increase by USD 200 billion, and the USD 200 billion that China earned from being a sweatshop for so many years and stored in the treasury will be gone, leaving China with the RMB 10.6 trillion that was originally issued to cope with the USD 1.36 trillion. In 2006, China's GDP was 20 trillion, and there were so many goods, but the money increased by 10.6 trillion, that means all commodities will be discounted to 2/3 of their original prices. Panic will spread in society, and real estate speculators may sell their houses at 30%, 40%, or even 70% off in order to cash out. A large number of citizens will go bankrupt, involving bank bankruptcy, and the entire national economy will collapse, and our wealth will be worthless. At that time, the Chinese people and even the world will lose confidence in China, and will no longer reserve and use or even sell the RMB in their reserves, which will frustrate China's foreign trade activities and eventually lead to inflation in China, a credibility crisis abroad, and then a financial crisis. Just like the inflation in the 1940s, a box of matches will cost hundreds of yuan. If the Chinese government makes a wrong decision on the RMB exchange rate this time, then the economic achievements of China's reform and opening up in the past 30 years may fall into the hands of others. Recently, from the perspective of the domestic economic situation, objectively speaking, the situation is not optimistic. It stands to reason that the RMB has appreciated, that is, money has become more valuable, and things that used to cost 1 yuan should now only cost 90 cents or even 80 cents; but in the current domestic situation, except for wages, everything else has increased. Xinhuanet reported that: Since August 2006, the price of edible oil in the Beijing market has fluctuated upward. Entering November, the price of rice, flour, vegetables and non-staple food have all risen to varying degrees. The report believes that the rise in edible oil prices is due to the impact of the rise in international soybean market prices. However, rice and flour have also risen, with the price of 25 kg of Fuqiang flour rising by more than 12%, and 500 grams of rice rising by 6 cents. It is understood that in Shanghai, Guangzhou and Shenzhen, daily necessities such as grain and oil have already risen and have continued for more than a month. Among them, the highest increase in flour and edible oil has reached 10% and 20% respectively. The price increase of agricultural and sideline products shows that my country's economy is developing and improving. At the same time, the increase in the price of agricultural and sideline products can increase farmers' income, maintain social stability, and provide a good domestic environment for the country's development, which is good for the country's development, because the number of Chinese farmers accounts for more than 70% of the total population. However, the price increase of daily necessities in these four major cities in China is by no means accidental. The macro-control measures that lasted for more than seven months did not stabilize housing prices. On the contrary, they led to rising housing prices. Economists have long warned that the real estate bubble will lead to inflation, and inflation will trigger an economic crisis. However, this voice is too weak, and now there are all kinds of signs that inflation is approaching us step by step. Compared with Tokyo in 1996 and Hong Kong in 1997, the four cities with high housing prices, Beijing, Shanghai, Guangzhou and Shenzhen, have shown signs before the real estate bubble bursts. Local governments that try to continue to drive up housing prices for their own selfish interests will face the ruthless punishment of economic laws. Because this round of inflation was launched without any preparation, it may not be officially recognized, but it has really come. This kind of inflation in its infancy chose the best time to cause an economic crisis - New Year's Day and before the Spring Festival in 2007. Therefore, it is more harmful and destructive. If one day instant noodles also start to rise in price, this economic crisis can no longer be contained. The successive and comprehensive price increases of daily necessities, such as food, oil, water, electricity, gas, etc., will not have any impact on the normal life of China's wealthy class, but tens of millions of ordinary citizens will have to pay more to maintain the same living standard as before. In other words, China's high housing prices are indirectly paid by ordinary urban residents. It took the Japanese people 15 years, and the Hong Kong people 14 years. So, how many years will it take for China's urban residents? To deal with the upcoming inflation, the country naturally has financial means. However, China's RMB has been attacked by the US dollar in the international market, and has appreciated by 5% within a year, and there is still room for further appreciation. China's trade surplus will gradually shrink with the appreciation of the RMB, and the risks in the international market are already increasing. The comprehensive price increase of daily necessities in the domestic market will directly affect consumption. Finally, the central bank is forced to increase the issuance of RMB, and China's inflation will break out. This crisis may also be imminent. The current experience of the RMB in the international currency market is something that has never happened since China's exchange system reform. We now know what the United States is going to do? However, we cannot solve the problems in the international market. The RMB is in such an embarrassing situation in China. Driven by the rise in real estate prices, daily necessities have also seen a comprehensive rise in prices, forming two very different markets, international and domestic. In a sense, such a market will lead to excessive capital speculation. To put it bluntly, it will exacerbate the polarization between the rich and the poor in Chinese society and provide opportunities for capital crocodiles to take advantage of it. If we analyze it more deeply, the RMB seems to be under siege from different sides, trying to gradually erode the achievements of China's economic development over the past 30 years. Next, the increase in the price of daily necessities will further intensify, the purchasing power of citizens will further decline, the domestic market will further shrink, and China's production capacity will further exceed capacity. Finally, it will inevitably lead to the bankruptcy of a large number of small and medium-sized enterprises, and the economic crisis will come. To truly resolve this crisis, for the current economic situation, we must further increase the intensity of macroeconomic regulation, rationalize the management system of the real estate market, take effective measures, and resolutely bring down housing prices, so that urban residents can feel the strength of the Chinese economy in the process of falling housing prices, thereby enhancing their confidence in the future. Perhaps this is the most important thing to do at present, although some superficial work has been done. We must clearly see the harm of high housing prices, especially the unprecedented damage to Chinese society. Maybe we don't need to be too pessimistic now, everything should turn around. Everyone knows that China's economy has major problems, just like a high-speed train with obvious faults, rumbling forward, and no one knows when it will derail or overturn. Some economists predict that China's economy will have a hard landing in 2008, and social unrest will be inevitable at that time. Ma Xiaohe, an expert from the National Development and Reform Commission, pointed out: my country is evolving from overcapacity in one aspect to overcapacity in all aspects. Due to overcapacity and weak domestic demand, Chinese products are forced to be exported, which has led to a large number of trade frictions, and the risk of over-reliance on the international market is increasing. Ma Xiaohe gave an example: Chinese people provide a pair of shoes to everyone in the world, which shows how much overcapacity there is in shoes. On November 23, 2006, Su Ning, deputy governor of the central bank, also said that China's final consumption as a percentage of GDP has dropped from more than 62% in the 1980s to 52.1% in 2005, and the resident consumption rate has also dropped from 48.8% in 1991 to 38.2%, both reaching the lowest level in history. While the consumption rate of Chinese residents continues to decline, the world's average consumption rate is 78%-79%, which is as different as heaven and earth. The two above, one is an expert in macroeconomics and the other is a financial authority, but they point out a common problem, that is, due to the weak domestic demand, there is overcapacity. Once there is a big risk in the international market, thousands of industrial enterprises in China will face the danger of survival. Let's take a look at what has driven China's rapid economic development in recent years: If you look at the overall situation of China's economy, you can find that the driving force behind China's rapid economic growth is investment, consumption, and exports. It can be said that these are the "three horses" running side by side. However, in my country's practice, it is "heavy investment, heavy exports, and light consumption," which is the appearance of the problem. Why do Chinese people "heavy investment, heavy exports, and light consumption"? Knowing that consumption is productivity, there is no productivity without consumption. This is a simple economic common sense, but in the layout of macroeconomic development, even Marx's surplus value theory is ignored? A more detailed analysis will reveal some interesting phenomena: first, local governments focus on investment. In the past few years, the performance was the "development zone" fever, then the "capital construction" fever, and then the current "real estate" fever; second, large and medium-sized enterprises export heavy industrial products. Whether they are listed companies or private enterprises, as long as they have formed a production scale, they will aim at the international market. From large cars and home appliances to small shoes, socks, and lighters, they are all exported. As for the "investment" fever, high housing prices have taken away the wealth of ordinary people or even two generations, and another generation has been burdened with heavy debts; as for the "export" fever, the trade surplus continues to increase, trade frictions continue to increase, and the pressure for the appreciation of the RMB is increasing. Some economists have analyzed that the RMB has appreciated by 5% since the exchange rate reform. The current situation is that it is possible that the RMB will appreciate by 5% in 2007, which is equivalent to the total appreciation of the past 10 years. So what are the consequences? Many economists are very secretive, but I can boldly tell you that the consequence is that a large amount of RMB will flow out of the country through different channels, and international money laundering forces will take the opportunity to intervene, and even launder the money of Chinese corrupt officials. It can be said that before 2007, we only heard about foreigners coming to China to launder money. This situation will change because Chinese people finally go abroad to launder money. To put it more deeply, the wealth created by the Chinese people has been quietly "stolen" by others. Let's take a look at how to solve the problem of overcapacity from the words of Mr. Ma Xiaohe, an expert from the National Development and Reform Commission. In fact, it is very simple. The solution to overcapacity is to stimulate consumption, and the only way to stimulate consumption is to lower housing prices. If housing prices do not fall, Chinese people's expectations for the future will inevitably produce greater pressure and dare not consume, and some have become house slaves and have no money to consume. Mr. Ma Xiaohe said that half of China's industrial product utilization rate is less than 50%, so in order to reduce risks, domestic demand must be expanded. And how can domestic demand be expanded? The consumption rate of Chinese residents is 38.2%, and the world average consumption rate is 78%-79%. The average housing price to income ratio of Chinese residents is 1:10, and the world average housing price to income ratio is 1:5. By comparing the two, the crux of China's economic problems is exposed. It is the ridiculously high housing prices that have plundered the wealth of Chinese residents. What else can they use to consume? Therefore, the consumption rate of Chinese people has hit a record low. Some experts predict that every point drop in China's housing prices will increase the market's consumption by more than 10 billion yuan a year, and China's housing prices have at least 30% room to fall from the comprehensive average price in the first three quarters of 2006. In other words, as long as China's housing prices fall by 30%, the total consumption of the Chinese market will increase by 300 billion yuan a year, and China's economic problems will be solved, and the Chinese people will be able to live a good life from then on. On the contrary, if the leaders of our country cannot control this situation well, our economy will collapse. We all know how bad the international environment we are in now. In the face of the current complex international situation, China must have the ability to win two wars, one is military war, and the other is economic war. It is very common in human history to seize the wealth of other countries and people by means of war. Even in the 21st century, we can still see it. In order to protect the lives and property of the Chinese people and possible military conflicts, China must build a strong army, a strong navy, a strong air force and a strong space force. Today, as mankind enters the 21st century, whoever occupies the commanding heights of space will have the initiative in future wars. Any idea of demilitarizing space can only be a daydream! The saint said it well: backwardness will be beaten! Only when China has the strength to completely destroy its opponents will others dare not bully China. At the same time, as mankind enters the 21st century, due to the globalization of international exchanges and trade, a new war - economic war, has replaced military war and become the main means for some people in the world to seize the property of others. The financial crisis in Southeast Asia in 1997 is an example of economic war. The economies of backward Southeast Asian countries suffered a major blow. International financial speculators used economic means to achieve goals that could only be achieved by war in the past. In the later Hong Kong financial defense war, the then Chief Secretary for Administration of Hong Kong, Donald Tsang, and the Financial Secretary, Joseph Yam, intervened in the Hong Kong stock market with a large amount of foreign exchange reserves with the support of the Chinese central government. The Chinese central government sent two deputy governors of the central bank to Hong Kong and asked all Chinese-funded institutions in Hong Kong to go all out to support the Hong Kong government's support action. After several months of competition, the Hong Kong government successfully repelled the attempt of international financial speculators to use Hong Kong as an ATM. The struggle was very fierce. A change of 1 point in the Hang Seng Index in Hong Kong would result in a difference of 230 million Hong Kong dollars in futures trading. Although many years have passed since the Hong Kong financial defense war, I have always wondered if there was no strong China to back it up, would the "Eight-Nation Alliance" attack Hong Kong happen? After all, the Hong Kong government's intervention in the Hong Kong stock market violates the "rules" of today's mainstream international society. China Aviation Oil (Singapore) lost $500 million in the international oil futures market and a Chinese SASAC employee was eaten up again in London at the same time, indicating that China still has a lot to learn in the financial market. Just for oil, China now has to spend tens of billions of dollars more every year. Now, whatever China needs, the international commodity market will rise. It can be said that "rob you without negotiation." However, the price of commodities such as oil is not the most serious harm to China's economy. What may cause serious harm to China's economy is the RMB exchange rate system and the rising real estate market. I always feel that someone wants to use the RMB exchange rate as a breakthrough point to destroy China's economy and seize the economic achievements of the Chinese people. From the shouts for the appreciation and free floating of the RMB, I seem to smell the gunpowder of a military war. Now there is a saying that sounds better than singing, let the RMB exchange rate float freely and be determined by the market. Is the market determined by ghosts? It sounds fair to be determined by the market, and everyone has the right. But if you analyze it carefully, which market in the world is not controlled by a few people? Let the RMB exchange rate be determined by the market, to put it bluntly, it is determined by them. The Chinese government and people must not forget the financial crisis in Southeast Asia in 1997. A considerable part of the current foreign capital is an ambush. They are waiting for the United States to knock open China's door (free floating of the RMB exchange rate), praise the RMB to the sky, and make huge profits. In short, China must build a strong army, a strong navy, a strong air force and a strong space force (space force) with the spirit of not fearing hardship and not fearing death to deal with possible military wars. At the same time, China must build a financial "iron army" that loves the country, has an international perspective, and is proficient in international competition rules to deal with economic wars. Only in this way can China's security and people's wealth be protected!The world average consumption rate is 78%-79%. The average housing price to income ratio of Chinese residents is 1:10, and the world average housing price to income ratio is 1:5. By comparing the two, the crux of China's economic problems is exposed. It is the ridiculously high housing prices that have plundered the wealth of Chinese residents. What else can they use to consume? Therefore, the consumption rate of Chinese people has hit a record low. Some experts predict that every one point drop in China's housing prices will increase the market's consumption by more than 10 billion yuan a year, and China's housing prices have at least 30% room to fall from the comprehensive average price in the first three quarters of 2006. In other words, as long as China's housing prices drop by 30%, the total consumption of the Chinese market will increase by 300 billion yuan a year, and China's economic problems will be solved, and Chinese people will be able to live a good life from then on. On the contrary, if the leaders of our country cannot control this situation well, our economy will collapse. We all know how bad the international environment we are in is now. In the face of the current complex international situation, China must have the ability to win two wars, one is military war and the other is economic war. It is very common in human history to seize the wealth of other countries and people by means of war. Even in the 21st century, we can still see it. In order to protect the lives and property of the Chinese people and possible military conflicts, China must build a strong army, a strong navy, a strong air force and a strong space force. Today, as humans enter the 21st century, whoever occupies the commanding heights of space will have the initiative in future wars. Any idea of demilitarizing space can only be a daydream! The saint said it well: backwardness will be beaten! Only when China has the strength to completely destroy its opponents will others dare not bully China. At the same time, as humans enter the 21st century, due to the globalization of international exchanges and trade, a new war - economic war, has replaced military war and become the main means for some people in the world to seize the property of others. The financial crisis in Southeast Asia in 1997 is an example of economic war. The economies of backward Southeast Asian countries suffered a major blow. International financial speculators used economic means to achieve goals that could only be achieved by war in the past. In the later Hong Kong financial defense war, Donald Tsang, then Chief Secretary for Administration, and Joseph Yam, then Financial Secretary, intervened in the Hong Kong stock market with a large amount of foreign exchange reserves with the support of the Chinese central government. The Chinese central government sent two deputy governors of the central bank to Hong Kong and asked all Chinese institutions in Hong Kong to go all out to support the Hong Kong government's support action. After several months of competition, the Hong Kong government successfully repelled the attempt of international financial speculators to use Hong Kong as an ATM. The struggle was very fierce. A change of 1 point in the Hang Seng Index in Hong Kong would result in a difference of 230 million Hong Kong dollars in futures trading. Although the Hong Kong financial defense war has been over for many years, I have always wondered if there would be a possibility of the "Eight-Nation Alliance" attacking Hong Kong without the strong backing of China? After all, the Hong Kong government's intervention in the Hong Kong stock market violates the "rules" of today's international mainstream society. The loss of US$500 million by China Aviation Oil (Singapore) in the international oil futures market and the loss of another investment by a Chinese SASAC employee in London at the same time show that China still has a lot to learn in the financial market. Just for oil, China now has to spend tens of billions of dollars more every year. Now, whatever China needs, the international commodity market will rise. It can be said that they are "taking you without negotiation". However, the price of commodities such as oil is not the most serious harm to China's economy. The real potential for serious harm to China's economy is the RMB exchange rate system and the rising real estate market. I always feel that someone wants to use the RMB exchange rate as a breakthrough point to destroy China's economy and seize the economic achievements of the Chinese people. From the shouts for RMB appreciation and free floating, I seem to smell the gunpowder of military war. Now there is a saying that sounds better than singing, let the RMB exchange rate float freely and be determined by the market. Is the market determined by ghosts? It sounds fair to be determined by the market, and everyone has the right. But if you analyze it carefully, which market in the world is not controlled by a few people? Let the RMB exchange rate be determined by the market, to put it bluntly, it is determined by them. The Chinese government and people must not forget the financial crisis in Southeast Asia in 1997. A considerable part of the foreign capital now is an ambush. They are waiting for the United States to knock open China's door (free floating of the RMB exchange rate), praise the RMB to the sky, and make huge profits. In short, China must build a strong army, navy, air force and space force that are not afraid of hardship and death to deal with possible military wars. At the same time, China must build a financial "iron army" that loves the country, has an international perspective and is proficient in international competition rules to deal with economic wars. Only in this way can China's security and people's wealth be protected!The world average consumption rate is 78%-79%. The average housing price to income ratio of Chinese residents is 1:10, and the world average housing price to income ratio is 1:5. By comparing the two, the crux of China's economic problems is exposed. It is the ridiculously high housing prices that have plundered the wealth of Chinese residents. What else can they use to consume? Therefore, the consumption rate of Chinese people has hit a record low. Some experts predict that every one point drop in China's housing prices will increase the market's consumption by more than 10 billion yuan a year, and China's housing prices have at least 30% room to fall from the comprehensive average price in the first three quarters of 2006. In other words, as long as China's housing prices drop by 30%, the total consumption of the Chinese market will increase by 300 billion yuan a year, and China's economic problems will be solved, and Chinese people will be able to live a good life from then on. On the contrary, if the leaders of our country cannot control this situation well, our economy will collapse. We all know how bad the international environment we are in is now. In the face of the current complex international situation, China must have the ability to win two wars, one is military war and the other is economic war. It is very common in human history to seize the wealth of other countries and people by means of war. Even in the 21st century, we can still see it. In order to protect the lives and property of the Chinese people and possible military conflicts, China must build a strong army, a strong navy, a strong air force and a strong space force. Today, as humans enter the 21st century, whoever occupies the commanding heights of space will have the initiative in future wars. Any idea of demilitarizing space can only be a daydream! The saint said it well: backwardness will be beaten! Only when China has the strength to completely destroy its opponents will others dare not bully China. At the same time, as humans enter the 21st century, due to the globalization of international exchanges and trade, a new war - economic war, has replaced military war and become the main means for some people in the world to seize the property of others. The financial crisis in Southeast Asia in 1997 is an example of economic war. The economies of backward Southeast Asian countries suffered a major blow. International financial speculators used economic means to achieve goals that could only be achieved by war in the past. In the later Hong Kong financial defense war, Donald Tsang, then Chief Secretary for Administration, and Joseph Yam, then Financial Secretary, intervened in the Hong Kong stock market with a large amount of foreign exchange reserves with the support of the Chinese central government. The Chinese central government sent two deputy governors of the central bank to Hong Kong and asked all Chinese institutions in Hong Kong to go all out to support the Hong Kong government's support action. After several months of competition, the Hong Kong government successfully repelled the attempt of international financial speculators to use Hong Kong as an ATM. The struggle was very fierce. A change of 1 point in the Hang Seng Index in Hong Kong would result in a difference of 230 million Hong Kong dollars in futures trading. Although the Hong Kong financial defense war has been over for many years, I have always wondered if there would be a possibility of the "Eight-Nation Alliance" attacking Hong Kong without the strong backing of China? After all, the Hong Kong government's intervention in the Hong Kong stock market violates the "rules" of today's international mainstream society. The loss of US$500 million by China Aviation Oil (Singapore) in the international oil futures market and the loss of another investment by a Chinese SASAC employee in London at the same time show that China still has a lot to learn in the financial market. Just for oil, China now has to spend tens of billions of dollars more every year. Now, whatever China needs, the international commodity market will rise. It can be said that they are "taking you without negotiation". However, the price of commodities such as oil is not the most serious harm to China's economy. The real potential for serious harm to China's economy is the RMB exchange rate system and the rising real estate market. I always feel that someone wants to use the RMB exchange rate as a breakthrough point to destroy China's economy and seize the economic achievements of the Chinese people. From the shouts for RMB appreciation and free floating, I seem to smell the gunpowder of military war. Now there is a saying that sounds better than singing, let the RMB exchange rate float freely and be determined by the market. Is the market determined by ghosts? It sounds fair to be determined by the market, and everyone has the right. But if you analyze it carefully, which market in the world is not controlled by a few people? Let the RMB exchange rate be determined by the market, to put it bluntly, it is determined by them. The Chinese government and people must not forget the financial crisis in Southeast Asia in 1997. A considerable part of the foreign capital now is an ambush. They are waiting for the United States to knock open China's door (free floating of the RMB exchange rate), praise the RMB to the sky, and make huge profits. In short, China must build a strong army, navy, air force and space force that are not afraid of hardship and death to deal with possible military wars. At the same time, China must build a financial "iron army" that loves the country, has an international perspective and is proficient in international competition rules to deal with economic wars. Only in this way can China's security and people's wealth be protected!300 million Hong Kong dollars. Although the Hong Kong financial defense war has been over for many years, I have always wondered if there was no strong China to back it up, would the "Eight-Nation Alliance" attack Hong Kong? After all, the Hong Kong government's intervention in the Hong Kong stock market violates the "rules" of today's international mainstream society. China Aviation Oil (Singapore) lost $500 million in the international oil futures market and a Chinese SASAC employee was robbed again in London at the same time, indicating that China still has a lot to learn in the financial market. Just for oil, China now has to spend tens of billions of dollars more every year. Now, whatever China needs, the international commodity market will rise. It can be said that "grab you without negotiation." However, the price of commodities such as oil is not the most serious harm to China's economy. The real potential for serious harm to China's economy is the RMB exchange rate system and the rising real estate market. I always feel that someone wants to use the RMB exchange rate as a breakthrough to destroy China's economy and seize the economic achievements of the Chinese people. From the shouts for the appreciation and free floating of the RMB, I seem to smell the gunpowder of a military war. Now there is a saying that sounds better than singing, let the RMB exchange rate float freely and be determined by the market. Is the market determined by ghosts? It sounds fair to let the market decide, and everyone has the right. But if you analyze it carefully, which market in the world is not controlled by a few people? Let the RMB exchange rate be determined by the market, to put it bluntly, it is decided by them. The Chinese government and people must not forget the financial crisis in Southeast Asia in 1997. Now a considerable part of foreign capital is an ambush. They are waiting for the United States to knock open China's door (free floating of the RMB exchange rate), and then praise the RMB to the sky and make huge profits. In short, China must build a strong army, a strong navy, a strong air force and a strong space force (space force) with the spirit of not fearing hardship and not fearing death to deal with possible military wars. At the same time, China must build a financial "iron army" that loves the country, has an international perspective, and is proficient in international competition rules to deal with economic wars. Only in this way can China's security and people's wealth be protected!300 million Hong Kong dollars. Although the Hong Kong financial defense war has been over for many years, I have always wondered if there was no strong China to back it up, would the "Eight-Nation Alliance" attack Hong Kong? After all, the Hong Kong government's intervention in the Hong Kong stock market violates the "rules" of today's international mainstream society. China Aviation Oil (Singapore) lost $500 million in the international oil futures market and a Chinese SASAC employee was robbed again in London at the same time, indicating that China still has a lot to learn in the financial market. Just for oil, China now has to spend tens of billions of dollars more every year. Now, whatever China needs, the international commodity market will rise. It can be said that "grab you without negotiation." However, the price of commodities such as oil is not the most serious harm to China's economy. The real potential for serious harm to China's economy is the RMB exchange rate system and the rising real estate market. I always feel that someone wants to use the RMB exchange rate as a breakthrough to destroy China's economy and seize the economic achievements of the Chinese people. From the shouts for the appreciation and free floating of the RMB, I seem to smell the gunpowder of a military war. Now there is a saying that sounds better than singing, let the RMB exchange rate float freely and be determined by the market. Is the market determined by ghosts? It sounds fair to let the market decide, and everyone has the right. But if you analyze it carefully, which market in the world is not controlled by a few people? Let the RMB exchange rate be determined by the market, to put it bluntly, it is decided by them. The Chinese government and people must not forget the financial crisis in Southeast Asia in 1997. Now a considerable part of foreign capital is an ambush. They are waiting for the United States to knock open China's door (free floating of the RMB exchange rate), and then praise the RMB to the sky and make huge profits. In short, China must build a strong army, a strong navy, a strong air force and a strong space force (space force) with the spirit of not fearing hardship and not fearing death to deal with possible military wars. At the same time, China must build a financial "iron army" that loves the country, has an international perspective, and is proficient in international competition rules to deal with economic wars. Only in this way can China's security and people's wealth be protected!
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