Liu Jipeng: &Nbsp; Foreign Reserves Should Buy Strategic Products Through Multiple Channels.

Liu Jipeng, director of the center for capital research of China University of Political Science and Law, has expressed his views on the current international economic situation. He believes that decision-makers should buy strategic products needed for domestic economic construction through various channels, such as oil, coal and mines, and also increase

Liu Jipeng believes that the debt crisis of the United States can be shifted to crisis by big companies' economic strength, monetary dominance as the world's reserve currency, economic theory and the value orientation of the news media, and to China's emerging export oriented countries. If China's decision-making system fails, it will inevitably lead to BRICs and other emerging countries as the United States.

He also said that it is impossible for the US government to go bankrupt, and the possibility of implementing QE3 is very great.

The US debt crisis is mainly in the US dollar, and the printing of the US dollar is in its own hands, and its manufacturing and hi-tech fields are still in the leading position in the world, so the possibility of a further recession is unlikely.

China's foreign reserves should not continue to buy US debt.

Liu Jipeng also said that policymakers should take advantage of the current dilemma of the US and Europe, choose their different direct financing expansion policies and highly effective unified political decision-making system, and implement active stock market policies to revitalize the stock market.

In addition, he also said he was not optimistic about the A share market in the second half.