Zuo Xiaolei: Moderate Inflation Is Not A Bad Thing.

With the US property market going down and interest rates rising, subprime mortgage borrowers can not repay on time, and subprime mortgage loans are converted to bad debts in large proportion. In August, the US sub prime mortgage crisis swept the world, from St Paul to Paris to Singapore, and the major stock market indexes were greatly affected by this impact. In this wave of downturns, China's stock market is not only the only one who survived, but the Shanghai composite index climbed 5000 points. As of press release in September 3rd, the Shanghai Composite Index has crossed 5300 points.
Under the global panic, an unprecedented bull market is unique. In retrospect, the Shanghai composite index only broke through 2000 points in November 20th last year, breaking through 3000 and 4000 points in February 16th and May 9th this year, and breaking 5000 points in August 23rd. In the surprise and boiling atmosphere created by the bull market, the cold worries were overwhelmed.