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2020 was a turbulent year for global economies due to the COVID-19 pandemic, with the IMF projecting global growth contraction by 4.4 percent – the worst recession since the Second World War.To get more economy news today, you can visit shine news official website.
However, China – despite being the pandemic’s epicenter – was the first and only major economy to recover and enter 2021 with a relatively optimistic outlook. Beijing’s stable and time-sensitive policy responses, epidemic control strategy, and reprioritization of macroeconomic objectives ensured that it was the sole G20 economy that experienced positive growth in 2020. In fact, it is estimated that China’s Q4 growth returned to pre-pandemic levels.China’s GDP growth shrank by 6.8 percent year-on-year in Q1 2020. However, it bounced back to a growth rate of 3.2 percent in Q2 and 4.9 percent in Q3.
Economists estimate that China’s GDP will grow by five to six percent year-on-year from October to December 2020, returning the economy to its pre-pandemic levels – China’s GDP growth rate in 2019 was revised to six percent.
In October last year, the IMF forecast that China’s GDP would grow 1.9 percent in 2020 – an adjustment from the one percent it predicted in June. At the same time, the IMF projected that GDP growth of developed economies would shrink by 5.8 percent and emerging markets would shrink by 3.3 percent in 2020. This meant that despite the conservative estimate, China was an outlier.China’s economic rebound was driven by a combination of factors, including massive investment in infrastructure and real estate, export booms boosted by the strong global demand for medical supplies, medical equipment, and electronics, and the steady pick-up in domestic consumption after a long period of sluggish growth.
Compared with the weak base in 2020, many analysts expect China’s economic growth will reach around eight to nine percent in 2021.China’s return to economic normality could mean policy normalization this year. But a balance will need to be struck by top policymakers between restarting economic reforms and not killing growth.
In the recent Central Economic Work Conference, top policymakers were cautious about making major changes to the country’s stimulus policies and pledged to maintain continuity in macroeconomic policies in 2021.Recently, the State Council extended measures on allowing small and micro-sized enterprises to defer loan repayments; two ministries required small-value government procurement projects to be entirely commissioned to small and medium-sized enterprises (SMEs). These are signs that national leaders think that full recovery is not yet completed and they will continue to support small businesses and stabilize employment.
On January 6, China’s central bank outlined key policies in 2021, saying that it would implement a prudent monetary policy that is flexible, precise, reasonable, and moderate. Policies on inclusive loan repayment extension and credit loan support program for small business will be prolonged. At the same time, the central bank will channel more financial resources toward green development and promote opening-up in the financial sector.
On the other hand, China is starting to re-emphasize the “high-quality development” of its economy, which implies the revival of its ambitious economic reforms – supply-side reform and the recently proposed demand-side reform are back on Beijing’s policy agenda.
In addition to eliminating excess and backward production capacity, de-leveraging the economy, and moving up the value chain, China is planning to shift some of its focus on reforms on the demand-side, after COVID-19 left many lower income Chinese consumers without financial cover and further widened the gap between the rich and poor.
China weathered the economic fallout from Covid-19 better than any other major country, and economists are predicting a bigger snapback this year.To get more China economy news, you can visit shine news official website.
But analysts say the world's second-largest economy also needs to address an array of challenges to get onto a more-sustainable growth trajectory and help the world fully rebound.
China's job market remains fragile. Consumer spending hasn't kept pace with the broader recovery in economic output. Debt levels, already a problem before the pandemic, grew at their fastest pace in more than a decade during the first nine months of 2020, while asset bubbles in stocks and real estate kept growing. China's central bank faces a tricky balance between reining in stimulus without causing growth to sputter.
And now, a resurgence of Covid-19 infections in some parts of China, combined with a slow rollout of vaccines, is raising fresh worries about the outlook. At a minimum, Beijing's plan to limit travel during the coming Lunar New Year, which falls on Feb. 12, will likely hit consumer spending, economists say.
All this matters because China is becoming a bigger part of the global economy, and a more important driver of growth world-wide. If its performance in 2021 disappoints, it could hurt everyone, from car brands to gadget makers to soybean farmers who are counting on Chinese demand.
Economists generally are sticking with their forecasts that China's economy will grow around 8% this year after expanding 2.3% in 2020. But many see risks, especially if Covid-19 proves hard to contain or consumer confidence doesn't improve.
A key factor to watch, economists say, is the job market, and its effect on spending. While China's urban unemployment rate recovered quickly last year after hitting an all-time high last February, many economists believe the current rate of 5.2% understates the damage Covid-19 did.
Many urban workers are still clocking fewer hours and earning less than before, despite holding on to their jobs. Others, including college graduates and those who lost jobs due to Covid-19, are struggling to find opportunities with good pay. Income growth remains weaker than before the pandemic.
The brokerage has been offering digital currency trading for years and currently lists ten crypto CFDs instruments: BTCUSD, BTCEUR, XRPUSD, DSHUSD, LTCUSD, LTCBTC, ETHUSD, ETHBTC, ETHEUR and EOSUSD.
Commenting on the move, RoboMarkets CMO Denis Golomedov said: “We have claimed repeatedly that our priority is protection of clients‘ interests. That is why we have decided to close crypto for our clients. This will help us make the clients’ assets safe from high risks entailed by operations with crypto instruments.”
“We see that large regulators, such as the FCA, have already made steps to limit access of retail investors to cryptocurrencies and expect other European regulators to do the same in the near future,” Golomedov added.
We are all familiar with the spring (season), but this broker called “Spring” is not as “gentle” as investors think. Recently, WikiFX received heavy complaints towards forex broker Spring (Spring Information Ltd). One of the investors from Spain told WikiFX his experience with the broker.
In December 2020, the investor got in contact with a Chinese girl named Ellie on Tinder. The conversation went pretty well on WhatsApp, and soon she sent him photos of some money that she earned in her recent transaction. It was $20,000. Then she sent him photos of some jewelry made of diamonds and started to ask him how much he could earn monthly.“Ellie suggests downloading MT5 on my mobile and starting some trades in the demo account. I take the advice, and everything goes on well.” The investor recalled.
Ellie's story was that she had an uncle telling her when was the moment to make transactions. Soon the investor made contact with the girls broker to open a live account. After about 5 weeks of more or less successful trades in XAU/USD, his funds was transferred to a Spring Account. Then the investor was asked to invest all his money and kept the minimum in his bank account for the daily necessities. The girl lent him $20,000 and encouraged him to invest more. “She said I was her only European friend, and she had taken a big leap forward in trusting me, and I should do the same...but when I hoped to withdraw my fund, she suddenly became insensitive” He sighed.
The next day the girl started to act distant with the investor, and after a few hours he couldn't deliver to her more messages on WhatsApp. After one and a half weeks, he still couldn't deliver her any messages, so he started to panic and tried to contact the customer service and then... the customer service didn't reply either.
As per checking, Spring only has a rating of 1.13 on the WikiFX APP. It has been verified that this broker currently has no valid regulatory information, please be aware of the risk!
“When the economy is roaring, they‘re roaring. When the economy is weakening, they’re weakening,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “The economy will roar, at least for a period of time. Theres huge pent-up demand, whether just for travel or going back to work.”
Strong earnings, progress in vaccination rollouts and hopes of a $1.9 trillion federal coronavirus relief package is expected to continue to provide support, but some feel the equities face some headwinds.
Bank of America expects a more than 10% pullback in stocks, which are trading at more than 22 times 12-month forward earnings, the most expensive since the dot-com bubble of the late 1990s.
Some see a little time before the next sizable pullback. Peter Cardillo, chief market economist at Spartan Capital Securities in New York said, “What we saw (last week) represents a market that is tired and may not do very much. So we are headed for some sort of a pullback, but I don‘t think we’re there just yet.”
Last Weeks Recap
The major U.S. stock indexes finished mixed on Friday as investors continued their rotation by selling technology shares that have rallied through the pandemic and moving into cyclical stocks set to benefit from pent-up demand once the coronavirus pandemic is subdued.
Cash Market Performance
In the cash market on Friday, the benchmark S&P 500 Index settled at 3906.71, down 7.26 or -0.19%. The blue chip Dow Jones Industrial Average finished at 31494.32, up 0.98 or -0.00% and the technology-driven NASDAQ Composite Index closed at 13874.46, up 9.10 or +0.07%.Value stocks rose 0.6% while growth fell 0.6%. Industrials led rising sectors in the S&P 500, spurred by a 9.9% surge in Deere & Co and Caterpillars 5.0% gain to an all-time peak of $211.40 a share. Financials, materials and energy, along with industrials, rose more than 1%. The S&P 1500 airlines index jumped 3.5%, with post-pandemic travel in focus.
The stay-at-home winners, including Microsoft Corp, Facebook Inc, Alphabets Google and Netflix Inc, fell in a trend seen for most of the week. Amazon.com Inc also fell, as investors sold the leaders in the big rally since last March.
Applied Materials Inc was among the top boosts to both the NASDAQ and the S&P 500, rising 5.3% to $119.46, after it forecast second-quarter revenue above market expectations. Demand its semiconductor manufacturing tools has picked up during a global shortage of semiconductors.
Deere raised its 2021 earnings forecast. Deere reported profit more than doubled in the first quarter on rising demand for farm and construction machinery.
Nhưng mục đích của trò chơi, cả thể chất lẫn kỹ thuật số, cũng là một số trò vui và giải trí.Trước đây, nhiều môn thể thao khác nhau như khúc côn cầu, cricket, bóng rổ, cầu lông, và rất nhiều môn khác được chơi trên cánh đồng.Sau khi internet nổi dậy, thế giới game đã thay đổi ý nghĩa.
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Điều này có thể do sự xuất hiện của các sòng bạc trực tuyến, đề nghị vài trò chơi bạc với các cầu thủ như chơi poker, máy móc, bingo, bacara, rummy, blackjack, và nhiều người khác chọn trò chơi phù hợp với sở thích của họ.
Nếu bạn là người mới đến sân ga và không 817t có kinh nghiệm trong lĩnh vực này, thì bạn sẽ bắt đầu bằng cách chơi Online Bacara Web.Đây là một trò chơi bài được chơi bởi nhiều người trên toàn thế giới.Trò chơi này có ba loại cơ bản tên là baccarat chemin de fer, baccarat yến, và punto banco.
Tuy nhiên, hai loại bacara đầu tiên yêu cầu kỹ năng chiến lược được áp dụng bởi cầu thủ, nhưng punto banco là một trò chơi may mắn hoàn to àn không có gì được cố định trong trò chơi này.Một người chơi phải đặt cược, mở bài, và đếm số.Nếu vị trí của thẻ 817;s của bạn là nhiều hơn cả ngân hàng 817s, bạn s ẽ thắng trò chơi; nếu không, bạn sẽ thua.Trò chơi có ba kết quả có thể: người chơi thắng, hoặc người chủ ngân hàng thắng, hoặc tình huống thứ ba là đối tượng kết thúc.
Có rất nhiều lợi ích và khuyết điểm của chơi Baccarat, nhưng lợi ích hiển nhiên còn hơn cả.Trước khi chơi trò baccarat tốt nhất, hãy để 817;s xem tại sao nó ngày nay tốt hơn là chơi trò chơi bài trực tuyến này.
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Over the past few weeks, the price of Golem's GLM network token saw a strong rally that pushed the token to a three-year high at $0.65.
The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin (BTC) corrected below $45,000 during the past three days. Nevertheless, GLM still holds a 230% gain in February alone.
Golem is an Ethereum-based decentralized application that enables users to rent out computing power resources. Since November 2020, the project has been migratingfrom GNT to GLM tokens after deploying a new ERC-20 contract. Although most exchanges supported the move, it is still possible to find GNT activity and listings.
Golem provides an open-source cloud processing framework for both application registries and transactions. Thus, anyone can share and aggregate computing resources, as well as create applications using the network. Ultimately, the solution aims to compete with traditional centralized cloud services like Amazon Web Services.Golem‘s initial coin offering took place in November 2016, raising $8.6 million for 820 million GNT tokens. 180 million tokens were retained by the project’s “Golem Factory” foundation, alongside early contributors and team members.
The network allows personal computers and large data centers to share resources, and contributors are paid in GMT tokens. According to Golem, a transaction system settles payments between providers, requesters and software developers. To protect the host device, all computations take place in a sandbox environment.
According to the Golem Project blog, its batched transaction approach protects users from Ethereum network congestion and excessive gas prices. Layer-two scalability is already being offered on the mainnet using Matter Labs' zk-Sync, which is a zero-knowledge technology for the payment API.The results of the Golem Gitcoin Hackaton 2020 included a smart contract called the GLM-stake-pool. The contract allows GLM tokenholders to obtain yield by staking Uniswap LP tokens.
On Feb. 17, Golem also revealed a new testnet release, called Alpha IV. The update allows users to set up long-running tasks instead of the regular per-use payments. The platform also enables users to receive funds without initializing an account.
On Feb. 23, Polygon, formerly known as the Matic Network, announced that it would be joining forces with Golem to produce an off-chain payment driver. This partnership aims to provide a long-term solution to avoid costly layer-one transactions.
According to the Golem migration website, 44% of the total supply has been converted to GLM. On-chain data shows that activity spiked on Feb. 19, reaching 1,839 daily active addresses. Curiously, that was the same day that GLM traded at $0.65, the highest level in three years.
The Dow Jones Industrial Average fell 1.76%, or 561 points. The S&P 500 was down 2.43%, while the Nasdaq Composite fell 3.52%.
Technology fell 3%, resuming its recent slump after reprieve a day earlier, as the United States 10-Year jumped to a more than one-year high briefly topping 1.6%. Fears about rising inflation muddied the outlook for high-flying growth stocks. But with real rates, which takes into account inflation, still “negative,” the overall environment for equities remains supportive, BlackRock (NYSE:BLK)'s Chief Investment Officer of Global Fixed Income, Rick Rieder told CNBC in an interview earlier Thursday.
Investors in growth stocks like tech, with high valuations, usually have to wait longer to recoup their investments, which is unattractive in an inflationary environment, where money today, is worth more than money in the future.
Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) were sharply lower.
Twitter, however, traded against the trend, rising 4% after the social media company set out plans to boost monetizable daily active users to 315 million by 2023 and double revenue in that year.
In a further sign that high-growth stocks have lost their shine, stay-at-home market darlings like Zoom Video Communications (NASDAQ:ZM), Peloton Interactive (NASDAQ:PTON) and DocuSign (NASDAQ:DOCU) were nursing heavy losses, down more than 5% each.
The sharp pace of the uptick in rates has also sparked a jolt of volatility, pointing to underlying investor uncertainty, exacerbated by a renewed short-squeeze in shares of GameStop (NYSE:GME), which ended the session up 19%. The CBOE Volatility Index index, or VIX, jumped 35%.
Consumer stocks were also deeply in the red on disappointing quarterly results, with Best Buy (NYSE:BBY) and Dominos Pizza (NYSE:DPZ) down 9% and 7%, respectively.
Cyclicals like energy, financials and industrials, which tend to move in tandem with an improving economy, were not sparred as recent took some parts of the sector into overbought territory.
On the economic front, initial jobless claims dropped by a more than expected 111,000, to 730,000, while the U.S. fourth-quarter GDP was revised slightly higher to 4.1% from 4%.
Today, the phrase “Open Pandoras box” means to perform an action that may seem small or innocent, but that turns out to have severely detrimental and far-reaching negative consequences.
How does the metaphor of Pandoras box apply to trading？ Glad you asked ;)
Sometimes, an action or even a thought or idea we have regarding trading the markets may seem small and innocent but leads to disaster. Have you ever been cruising along in your trading routine, doing well, staying on track, staying focused, but then you take one trade you knew was a bad one and it seems to lead you off course and you spiral you out of control？ In trading, we are constantly battling temptation to trade too much, risk too much, make the wrong decision, listen to the wrong ‘guru’ and just one little misstep can ruin months or years of hard work.
Simply put, as traders, we grapple every day with the potentially disastrous consequences of opening the “Pandoras box” of trading mistakes….
As the Greek myth says, once Pandora opened the box, all the evils were released and only hope remained. This is very true in trading as well; once you get off track, it really leads you down a road of temptation that often results in worse and worse trading mistakes until one blows out their account and is left with only the hope of making money. The best way to achieve trading success is simply to make sure you never open “Pandoras box”. The first step to accomplishing that is by knowing all the ways in which this box can be inadvertently opened…