what is crypto assets, Top

Guo Liyan, Institute of Economics, China Macroeconomic Research Institute: It is a long-term and fundamental policy to continuously promote the construction of ultra-large-scale domestic market. The Central Economic Work Conference was held in Beijing from December 11th to 12th. Guo Liyan, deputy director of the Economic Research Institute of China Macroeconomic Research Institute, said in an interview that expanding domestic demand in an all-round way and continuously promoting the construction of super-large-scale domestic market are not just temporary measures to cope with risks and external shocks, but long-term and fundamental measures to promote Chinese modernization. The key is to boost consumption and improve the efficiency of investment, so that effective investment and potential consumption can form a virtuous cycle promotion mechanism, thereby consolidating and enhancing the main role of domestic demand in supporting the national economic cycle, and giving full play to the powerful supporting role of domestic demand for high-quality economic development and higher-level participation in international competition and cooperation. (The country is a through train)Central Economic Work Conference: Expanding high-level opening to the outside world and stabilizing foreign trade and foreign investment. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to expand independent opening and unilateral opening in an orderly manner, steadily expand institutional opening, promote the free trade pilot zone to improve quality and efficiency and expand the reform mandate, and accelerate the implementation of the core policy of Hainan Free Trade Port. Actively develop service trade, green trade and digital trade. Deepen the reform of foreign investment promotion system and mechanism. We will steadily open up the service industry, expand pilot projects in the fields of telecommunications, medical care and education, and continue to build the brand of "Invest in China". Promote high-quality joint construction of the "Belt and Road", deepen and improve the overseas comprehensive service system. (Xinhua News Agency)Central Economic Work Conference: Deepen the comprehensive reform of capital market investment and financing, and open up the blocking points of medium and long-term funds entering the market. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting proposed to give play to the traction role of economic system reform and promote the implementation of landmark reform measures. High-quality completion of the deepening and upgrading of state-owned enterprise reform, the introduction of private economy promotion law. Carry out special actions to standardize law enforcement involving enterprises. Formulate guidelines for the construction of a unified national market. Strengthen supervision and promote the healthy development of platform economy. Make overall plans to promote the reform of the fiscal and taxation system and increase local independent financial resources. Deepen the comprehensive reform of investment and financing in the capital market, open up the blocking points of medium and long-term funds entering the market, and enhance the inclusiveness and adaptability of the capital market system.

European Central Bank President Lagarde: The decline in corporate profit margins is due to the increase in the cost of absorbing labor. European Central Bank President Lagarde: It is observed that corporate profit margins have declined. Inflation risk is not a two-way street. The prospect of economic productivity is improving. The decline in profit margin is due to the increase in the cost of absorbing labor.The European Central Bank expects inflation to cool down faster. It is reported that the European Central Bank now expects inflation to cool down slightly faster than the forecast in September. It currently predicts that the average inflation rate in 2024 and 2025 will be 2.4% and 2.1% respectively, compared with the previous forecast of 2.5% and 2.2% respectively. In the statement, the European Central Bank also said: "The anti-inflation process is on the right track."Central Economic Work Conference: In view of the bottleneck of industrial transformation and upgrading, the Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting proposed that we should unswervingly deepen reform and open wider to the outside world in view of the deep-seated obstacles and external challenges that restrict development; In view of the bottleneck restriction of industrial transformation and upgrading, promote the smooth continuous transformation of old and new kinetic energy; Strengthen policy support and optimize supervision services in response to concerns and demands in business operations; In view of the hidden risks in key areas, we will continue to vigorously promote risk disposal. We must vigorously improve the efficiency of implementation, fully mobilize the enthusiasm, initiative and creativity of grassroots units, continuously optimize the business environment, and better unite the joint efforts to promote high-quality development. (Xinhua News Agency)

After the release of US economic data, traders increased their bets on the Fed's interest rate cut next year, and US short-term interest rate futures narrowed and fell earlier.Analysis: Lagarde's speech increased the market's bet to cut interest rates by 50 basis points. In December, the European Central Bank lowered its economic forecast and inflation forecast. At the press conference, European Central Bank President Lagarde paid attention to the downside risks of economic growth, especially mentioning that trade friction may put pressure on economic growth, and also mentioned that they discussed cutting interest rates by 50 basis points. Therefore, the atmosphere of the whole meeting is biased towards doves. The market then increased its bet on a 50 basis point rate cut after January. Although the possibility of a sharp interest rate cut in January is stable at 30%, the possibility of a 50 basis point interest rate cut in March has increased from 30% before the meeting to 40%, and the possibility of a 50 basis point interest rate cut in April has increased from 0% to 5%.US President-elect Trump told Time that he is a big fan of electric vehicles, "but not everyone is like this".