Weekly

Yesterday, it was mentioned that the United States listed 24 Chinese enterprises on the entity watch list, and the US State Department imposed visa restrictions on some Chinese individuals, referring to relevant companies and individuals.

Because of its participation in China's construction of islands and reefs with sovereignty disputes in the South China Sea and its military operations. This action by the United States is to extend the front line to the military level to attack China.

Yesterday, the People's Liberation Army reportedly fired four missiles into the South China Sea and landed in the sea area between Hainan Island and Xisha Islands. China's behavior not only shows that China's military performance has been pushed up to a higher level,

As a deterrent to other countries, it also highlights the unswerving attitude towards safeguarding the sovereignty of the South China Sea.

US Defense Secretary Esper accused China of making every effort to expand its influence in Southeast Asia, especially in the South China Sea, and criticized Beijing for repeatedly violating its commitments under international law.

By demonstrating its military strength on a global scale, the United States is ready to deal with any threats in the relevant regions. China's Ministry of National Defense responded that the United States took the initiative to provoke, and China's attitude was clear and clear: "One is against it, the other is not afraid".

China will have the determination and ability to defend national sovereignty, security and development interests. However, we must know that according to the ruling of the Permanent Court of Arbitration in The Hague, the Netherlands in 2016,

More than 1,200 hectares of artificial reefs and military facilities built by China in seven areas of the South China Sea have violated the sovereignty and security of the Philippines. Therefore, only God knows whether it is right or wrong.

However, no matter what the outcome is, it is obvious that the Sino-US trade conference has not successfully cooled down the tension between the two countries.

Back to the data released by the United States last night, first, the negative growth of GDP in the second quarter of the United States was 31.7%, which seemed to be quite different from the negative growth of 5% in the first quarter, but it was actually better than the negative growth of 32.5% in the budget.

The reason is that novel coronavirus started to crack down on the American domestic economy only in March. Another data is that the number of people claiming unemployment benefits for the first time in the United States last week was slightly more than the expected 1 million.

Shortly after the data was released, the US dollar index fluctuated by 1%, first dropping sharply to 92.4 and then rushing to 93.3. However, this large fluctuation is not related to the quality of the above data, but the theme of the annual speech delivered by Federal Reserve Chairman Powell.

He said that the average inflation rate in the United States would be allowed to be slightly higher than 2%. As soon as he spoke, the market pushed down the exchange rate of the US dollar on the grounds that the real interest rate of the US dollar would be impaired due to the increase in inflation rate; But with the speech,

The Federal Reserve is still keeping inflation under close control to stabilize employment, and has not issued more remarks to change monetary policy, so the US dollar is in a hurry again.

Influenced by the annual speech of Federal Reserve Chairman Powell, the US dollar fluctuated greatly. Yesterday, the gold price also fluctuated greatly during this period, with the highest reaching 1977 per ounce and the lowest reaching 1910 dollars per ounce.

It finally closed at $1929 per ounce, down by $24.

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