Xing Ziqiang: After the spring excitement, we should treat the market more rationally and it is not appropriate to sing high praises of the renminbi entering a long-term significant appreciation range
At the closed-door meeting of Morgan Stanley, Chief Economist Xing Ziqiang analyzed market performance, pointing out that the "good start" at the beginning of the year is influenced by industrial confidence, capital flow, and global sentiment. He warned that despite the popularity of technological innovation, traditional economic downward pressure still exists, and the recovery of market enthusiasm is slow. In addition, he emphasized that one should not sing high praises of the RMB significantly appreciating in the long term
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