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Market Talk – July 22, 2021 | Armstrong Economics


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ASIA:
China’s economy grew 7.9 percent from April to June, the National Bureau of Statistics (NBS) announced on Thursday. The growth rate was lower than the forecasted 8.1 percent by most market analysts. Chinese economists are aware that the economy is highly resilient after overcoming the coronavirus pandemic fallout. Increasingly, the giant economy is being boosted by rising domestic consumption, roaring external demand for Chinese goods, and the government’s laser-like focus on infrastructure investment, new and high technology investment, and non-stop improvement of 1.4 billion people’s welfare.
The major Asian stock markets had a green day today: ....

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Reserve Bank of India Monetary Policy Meeting June, No Change in Repo Rates, GDP Growth Rate Declined | दरांमध्ये कुठलेही बदल नाही, पण विकास दराचा अंदाज घटवला; चालू आर्थिक वर्षात 10.5% आता नव्हे तर 9.5% विकास दराचा अंदाज

Reserve Bank of India Monetary Policy Meeting June, No Change in Repo Rates, GDP Growth Rate Declined | दरांमध्ये कुठलेही बदल नाही, पण विकास दराचा अंदाज घटवला; चालू आर्थिक वर्षात 10.5% आता नव्हे तर 9.5% विकास दराचा अंदाज
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Market Talk – May 25, 2021 | Armstrong Economics


ASIA:
Cryptocurrency miners, including HashCow and BTC.TOP, have halted all or part of their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny. Cryptocurrency exchange Huobi on Monday suspended both crypto-mining and some trading services to new clients from mainland China, adding it will instead focus on overseas businesses. A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday as part of efforts to fend off financial risks. It was the first time China’s cabinet has targeted virtual currency mining, a sizable business in the world’s second-biggest economy that some estimates say accounts for as much as 70% of the global crypto supply. The crackdown is also part of China’s stepped-up drive to curb speculative crypto trading. ....

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