Ladies and gentlemen, at this moment, let go of the things that make you unhappy and that you don't want to deal with, and truly enjoy the time that makes you happy.

In 2024, the global economic situation is quite unstable, with many uncertain factors at play. The economies of China and the United States have become the most important in the world.

However, the Federal Reserve has recently resorted to its old tricks, attempting to use the "suction star technique" of lowering interest rates to take advantage of the global economy; meanwhile, the People's Bank of China has acted decisively, with three consecutive interest rate cuts to stabilize its position.

To put it bluntly, it's about leveraging the hegemonic status of the US dollar to manipulate global capital. When the US economy catches a cold, the whole world has to take medicine. In an effort to save itself, the Federal Reserve has unleashed the big move of lowering interest rates, releasing a large amount of cheap dollars.

This is akin to a big sale in a shopping mall, where global capital, like sharks smelling blood, rushes into the US market to enjoy high returns. Once the dollars flow back, the US economy is fully revived, and the Federal Reserve immediately hits the brakes, raising interest rates!

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As a result, other countries suffer, with currency devaluation, asset prices plummeting, and economic chaos.

They can only watch as American capital comes in again and again to bottom-fish, harvesting wealth, and cutting one wave after another. In 2022, the United States waged a trade war and a tech war against China, attempting to curb China's economic development, but what was the outcome?

They lifted a rock only to drop it on their own feet.

Now, with the US economy struggling to save itself, it wants to resort to its old tricks again, using lower interest rates as bait to take advantage of the global economy.

This time, China is not falling for it.The recent triple interest rate cuts by China's central bank are not a mere follow-up to the United States, but a well-considered proactive move. Our economy is large in scale and resilient enough to handle external risks.

In the face of the Federal Reserve's "sweet offensive," China has been well-prepared. Accelerating the reform and opening up of the financial market, attracting more long-term capital, reducing dependence on the US dollar, and mitigating the impact of US interest rate cuts can be simply put as "don't put all your eggs in one basket."

Vigorously promoting the internationalization of the renminbi, enhancing its status in international trade and the financial system, and weakening the dollar's hegemony can be simply put as "you call the shots in your own game."

Strengthening financial regulation, guarding against financial risks, and maintaining the stability of the financial market by building a "firewall" against external shocks can be simply put as "if you have a plan, I have a ladder to get over the wall."

China's combination of measures sends a clear signal to the world: China is confident, capable, and determined to face various risks and challenges, safeguard its economic security and development interests, and will never become a "cash machine" for any country.

Interest rate cuts are like timely rain, alleviating their financial pressure and allowing them to go into battle lightly equipped. Of course, interest rate cuts may also bring some problems, such as rising prices and asset price bubbles.

This requires the government to take a series of supporting measures to guide funds to the real economy, guard against financial risks, and ensure the effectiveness and sustainability of interest rate cut policies.

The Chinese stock market has always been a focus of global capital and a "barometer" of China's economy.

After the interest rate cut, the interest on corporate loans is reduced, costs are lowered, and expected profits are increased. As a result, the performance of listed companies is expected to improve, and stock prices will naturally rise accordingly.

With the reduction of capital costs, investors are more willing to take risks, more funds flow into the stock market, market liquidity increases, and this drives the stock market upward.More importantly, the interest rate cut sends a positive policy signal, indicating the government's determination to stabilize economic growth, which is conducive to boosting market confidence, attracting more long-term capital into the stock market, and promoting the healthy development of the stock market.

For a long time, many enterprises in China, especially small and micro enterprises, have been facing difficulties and high costs in financing. This interest rate cut is like a "timely rain," alleviating the financial pressure on enterprises and creating a more relaxed financing environment for them.

At the same time, the interest rate cut is also beneficial for stimulating consumer demand, promoting domestic consumption upgrades, and providing new momentum for China's economic growth.

It should also be noted that the interest rate cut may lead to the flow of funds from the real economy to real estate and other fields. Therefore, the government needs to take measures to guide funds towards the real economy to ensure the effectiveness of the interest rate cut policy.

Finance is the lifeblood of the modern economy, and ensuring financial security is very important for national security.

The central bank's interest rate cut this time is a prudent decision made after fully considering financial risks.

The interest rate cut can increase the liquidity of funds in the financial market, make the market more active, and improve the efficiency of financial support for the real economy, but this does not mean that vigilance can be relaxed.

Although the interest rate cut can stimulate the economy, it may also bring about issues such as asset bubbles and debt risks.

The government needs to further improve the financial supervision system, strengthen the supervision of financial institutions, prevent systemic financial risks, maintain financial stability, and escort the development of China's economy, in order to truly achieve "stability and progress."

In terms of the external environment, the sluggish global economic growth, the rise of trade protectionism, the intensification of geopolitical risks, and the increase in external uncertainties have brought many challenges to China's economic development. In the face of headwinds, it is even more necessary to hold the helm steady to sail steadily and far.In terms of the internal environment, China's economic structural contradictions remain prominent, with insufficient scientific and technological innovation capabilities, challenges to the security of industrial and supply chains, and a lack of internal momentum for economic growth, necessitating transformation and upgrading.

These are all "hurdles" that must be overcome on the path of China's economic development.

Faced with these challenges, China has proposed a new strategy known as the "dual circulation" development model. This model primarily focuses on the circulation of the domestic market while promoting a positive interaction between domestic and international markets.

This new development pattern requires strong financial support as a backing.

China's goal is to become a financial powerhouse and achieve high-quality economic growth. This path is destined to be anything but smooth.

We must recognize the situation, strengthen strategic resolve, adhere to the overall tone of seeking progress while maintaining stability, and use reform and opening up as the driving force to promote high-quality economic development.

Specifically, we must continue to deepen supply-side structural reforms, enhance the level of industrial chains, strengthen independent innovation capabilities, and cultivate new economic growth points.

At the same time, we need to expand domestic demand, promote the upgrading of consumption, build a more comprehensive social security system, and allow the people to share in the fruits of development. Building a financial powerhouse and promoting economic transformation and upgrading is a long-term and arduous task.

We must recognize our strengths, face our shortcomings, and most importantly, maintain confidence and strategic resolve. We should embrace the world with a more open attitude, promote reforms with a more pragmatic style, and explore the future with a more innovative spirit.

The great ship of China's economy will certainly overcome difficulties and sail towards a brighter future.As long as we adhere to reform and opening up, continuously improve market mechanisms, and enhance our capacity for independent innovation, we will surely be able to overcome various risks and challenges, achieve high-quality economic development, and ultimately build a strong modern socialist country.

This financial showdown is not only related to China's economic prospects but also affects the stability of the global economy.

China will continue to adhere to open cooperation, work hand in hand with countries around the world, and jointly build a more just and reasonable international economic order, making a greater contribution to the prosperity and stability of the world economy.