The New Zealand Federal Reserve Abandoned Interest Rate Hike And Expected The RBA To Cut Interest Rates.

The New Zealand Federal Reserve decided to maintain interest rates unchanged in the latest interest rate decision, while abandoning the wording of raising interest rates. And the decision of the New Zealand Federal Reserve will probably increase the 2 Australian Federal Reserve in early February. Rate cut The possibility.

Yesterday (January 29th) yesterday, the decision of the New Zealand Federal Reserve made the country the latest country in the recent commodity exporting countries to turn to pigeons and release stable interest rate signals. New Zealand Federal Reserve At the same time, it will be based on salary data to decide whether to raise interest rates or cut interest rates in the future.

RBS said that the decision of the New Zealand federal reserve increased the possibility of the Australian Federal Reserve to cut interest rates at the meeting in early February 2. Market investors expect that the next meeting of the RBA will have a 50% chance of cutting interest rates by the Australian Federal Reserve Bank of Australia (micro-blog).

Although data display Australia In the fourth quarter, CPI was slightly better than expected, but strong expectations for the Australian central bank's interest rate cut in February made the market particularly concerned about the PPI and private credit growth figures to be announced soon.

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China's economic development has attracted worldwide attention and has made great achievements in opening up to the outside world. From 1978 to 2014, China's foreign trade volume increased from US $20 billion 600 million to US $4 trillion and 300 billion, rising from the thirty-second in the world to the first place, becoming the largest trading partner in more than 120 countries and regions. The utilization of foreign capital has not been extended to US $200 million to nearly US $120 billion, and foreign investment has expanded from basic zero to US $about 100000000000.

The contribution rate of China's foreign trade to economic growth is about 1/5, and the output value of foreign-funded enterprises accounts for about 1/4 of the national industrial added value. Foreign tax accounts for about 1/3 of the total tax revenue, which has led to more than 100 million people's employment. Opening to the outside world speeds up our country's "new four modernizations" process, improves national welfare, alleviates energy bottlenecks, narrows the gap between domestic and foreign technology, promotes domestic ideological emancipation and institutional transformation, broadens our horizon and enhances our rule consciousness, and significantly improves China's international status and influence.

Openness and tolerance are the foundation and bright colors of Chinese civilization. Han and Tang Dynasties flourishing and the silk road show this broad open mind. In the late 70s of last century, we opened our doors and saw the gap with developed countries. We also saw different patterns of economic development. The implementation of what kind of economic system must proceed from its own national conditions and development stages. Based on our national conditions, we must unswervingly advance the opening up to the outside world and vigorously develop the socialist market economy. Never delineated by ideology, made strategic decisions of reform and opening up, and built special economic zones and Pudong development zones. After joining 15 years of hard negotiations and joining the World Trade Organization [micro-blog] to implement the strategy of "one belt and one road" and building free trade pilot area, a new round of high-level opening up is slowly developing.

Opening to the outside world has enabled us to seize the opportunities of economic globalization. Since reform and opening up, relying on comparative advantage and late development advantage, we have seized the opportunities of economic globalization, fully participated in the international division of labor, and undertaken large-scale international industrial transfer. Vigorously develop the processing trade and labor intensive industries, and gradually become the world's factories. With the increasingly abundant domestic capital and enhanced industry supporting capabilities, we will take the initiative to undertake higher level industrial transfer of high-end R & D, manufacturing and service outsourcing, and further integrate into the world economic system. We are keeping pace with the times, adjusting the opening strategy, and integrating import substitution with export orientation, relying on our own industrial system as well as docking with the international market.

Opening to the outside world has strongly promoted domestic reform and development. Opening to the outside world has always been based on meeting domestic needs and promoting positive interaction at home and abroad. China's enterprises form international competitiveness through competition in the domestic market, and then go to the world market to compete with multinational companies. At present, China has entered the world's top 500 enterprises have reached more than 90. Our country is speeding up from a major economic and trade power to a strong economic and trade power. The industry extends to the two sides of the smiling curve and to the high end of the global value chain, thus promoting the transformation of the mode of economic development. Over the past 30 years, the open economy has always been at the forefront of institutional reform. In accelerating the process of docking with international rules, it has effectively promoted the improvement of the socialist market economic system. At present, about 70% of the 60 tasks of China's comprehensive deepening reform can be promoted through opening up.

Opening to the outside world has enhanced our awareness of rules and the ability to use rules. In opening to the outside world, we gradually become the builders and leaders from the learners, practitioners and users of international rules. When we joined WTO [micro-blog], we amend domestic laws and policies and actively apply the dispute settlement mechanism. Today, the BRIC Development Bank, the Asian infrastructure investment bank, the Silk Road Fund and the construction of the Asia Pacific Free Trade Area marks the beginning of China's leading international rules. In the future, we will actively participate in global economic governance, take the initiative in the new round of international rules reconstruction, and win the initiative of reform and development with open initiative.

We must adhere to the unity of opening wider to the outside world and safeguarding economic security. Our country adheres to a gradual and stable opening strategy, sets up an open economic security concept, pays attention to handling the relationship between open progress and domestic affordability, and is independent and independent in opening up, and firmly keeps the bottom line firmly. China's opening to the outside world will be promoted by a regional way. In the pilot, we will see whether the risks are controllable and safe. We should focus on solving economic and trade frictions, conduct antitrust and security reviews, and effectively safeguard industrial safety. We should prudently open the capital market, maintain stable exchange rate and effectively guard against financial risks. Especially in coping with the international financial crisis, we should strengthen macroeconomic regulation and control ahead of time, squeeze economic bubbles and expand domestic demand to ensure stable and healthy development of China's economy.

China's development is inseparable from the world, and the development of the world is inseparable from China. China's large imports have created "China's special needs" for many countries. China's exports of cheap and fine goods have increased the welfare of foreign consumers, attracting over $1 trillion of foreign investment to allow more countries to share the dividends of China's development. At present, the construction of "one belt and one road" is promoted, and we advocate sharing and building together, and strive to create a community of destiny. Facts have proved that China's opening to the outside world is on the road of common development and peaceful development, and China's foreign trade and economic exchanges are genuine win-win cooperation.