While eating, Qin Wan'er told everyone about everything they had experienced here, including how important the matter she was currently investigating was.
Zuo Meiyan strongly agrees with this. She is very aware of the huge threat posed by capital outflow, which is a disaster for the entire country and people of China.
"Under the pressure of China's currency depreciation, capital outflow has become our main concern about China's economy." Zuo Meiyan frowned: "I think such people should be severely punished, and killing them directly is not too much."
Ruan Qingshuang does not know much about economics: "Didn't you say last time that the central bank led the devaluation of the RMB? And it also shocked the global market."
"Isn't China doing this mainly to take a pre-emptive strike before the Federal Reserve raises interest rates?" Manyu has no research on the economy. This is what most people think."
Zuo Meiyan probably knows the most about economics among all the people.
It can even be said that there are more than Xu Yun.
After all, ever since Zuo Meiyan took over Tianyu Group, she had to pay attention to every move of the domestic economy and the world economy.
If business people do not understand economic changes, they will definitely lose money.
"Since China's currency depreciation pressure has been accumulating for several months, if the central bank waits until the Federal Reserve raises interest rates before liberalizing the exchange rate, the situation will be more difficult to control by then. The RMB may depreciate in a disorderly manner, and the decline is likely to be much greater than 13%.
, the pressure of capital outflow will be even greater." Zuo Meiyan said calmly.
Xu Yun also frowned: "Do investors in China now regard capital outflow as the biggest threat to China's economy?"
Zuo Meiyan nodded: "Yes, as can be seen from the decline in the central bank's foreign reserves, China's capital outflow has been very fast in the past two years. If China's economy continues to slow down, capital outflow will accelerate."
Of course, these are all visible capital outflows.
It's common for wealthy people to invest their money abroad.
Zuo Meiyan paused and continued: "In their view, capital outflow is a sign of weakening people's confidence in China. Capital outflow will drain liquidity from the domestic economy and increase the difficulty of financing for enterprises and local governments."
Zuo Meiyan has said this very straightforwardly, and everyone can understand it.
Visible capital outflows.
There is also these invisible black money being transferred outwards. How much money from China has gone abroad?
This number is simply a huge number that ordinary people cannot imagine!
"Moreover, as the Federal Reserve raises interest rates and China's stock market plummets, capital flow trends become increasingly important. The U.S. Empire's interest rate hikes have sucked funds away from emerging markets such as China, which has obviously put greater downward pressure on China's stock prices.
." Zuo Meiyan said: "Why do people who speculate in the stock market lose so much in the past two years... It's all because they don't understand economics."
Xu Yun nodded, and Zuo Meiyan agreed. Many people think that stock trading can make money, but they never pay attention to the news of the Federal Reserve raising interest rates.
Really smart people, people who understand the world economy will not fail in the stock market.
For those who had the news, as soon as word spread that the Federal Reserve was going to raise interest rates, even before there was any sign of it, they all took out their money.
And at times like this, it is always the ordinary people who suffer the consequences.
In the stock market, people with "information" can stir up prices before realizing that things have changed, pocketing the money of a large number of ordinary people who don't understand economics and want to make money, and then run away.
When the stock price plummeted and the people were stuck in tears, those people made huge profits and ran away with the money.
China is now in a dilemma.
Using currency depreciation to stimulate exports will encourage capital flight and force the central bank to use foreign reserves to slow down the tide of capital outflows.
But efforts to prop up the yuan will hit exports, potentially causing mass layoffs in industries with thin margins and a complex expansion of shadow banking.
No one knows how many times the collateral in the warehouse has been pledged, or how much debt is in the shadow banking system...
"Things are very complicated now. I think the market's focus is not just on the Federal Reserve. This is just one of the things that needs to be worried about." Zuo Meiyan sighed: "In addition to the capital outflows we can see, these underground
Banks transfer capital outwards, and the bastards who launder black money are even more abominable. They have made the entire Chinese economy even more chaotic. It is not wrong to say that they are causing harm to the country and the people."
"The Fed's interest rate hikes do have an impact on China's economy, but the downward pressure on China's economy mainly comes from domestic factors." Xu Yun frowned: "Excess production capacity, excessive real estate inventory, declining export competitiveness...
This is our country’s unshirkable responsibility.”
"When you say this, I feel that there are so many crises now. It's extremely dangerous." Manyu's eyes widened. She had never thought that there would be such danger.
After hearing everyone say this, she felt a sense of crisis.
Perhaps the only person who has the least pressure on this kind of thing is Qiu Yan, because she doesn't care about it, doesn't understand it, and has no interest in it.
So she can't understand what other people say, and she won't take it to heart or think about it when she hears it.
"Under this current dilemma, our country is allowing the orderly devaluation of the RMB, while at the same time setting more restrictions on capital outflows and slowing down the opening of residents' capital accounts." Zuo Meiyan said calmly: "China will use its huge foreign exchange reserves.
reserves to ensure that the RMB exchange rate remains stable."
"This must cost a lot of money, right?" Ruan Qingshuang opened her mouth slightly.
"Yes." Zuo Meiyan nodded: "Without seriously affecting China's external exposure, it should be possible to consume US$900 billion for foreign exchange intervention."
Nine hundred billion dollars!
Oh my god... Ruan Qingshuang can't even imagine what a huge sum of money this is.
"This is really nerve-wracking." Xu Yun couldn't help but smile bitterly: "Although our foreign exchange reserves in China are huge, they have been consumed at least about 25% this time, right?"
Zuo Meiyan nodded and frowned: "Yes, it is indeed a nerve-wracking thing."
"This is too scary..." Qin Wan'er realized that her task was getting heavier and heavier, because she knew in her heart that what Zuo Meiyan and the others were talking about were just capital outflows through official channels.
What Qin Wan'er wants to investigate are underground banks and the illegal channels through which illegal money laundering capital flows out of China.
If all these illegal outflows of capital were added together, wouldn't it be an even more terrifying figure?
Illegal money laundering and underground banks have led to huge capital outflows, seriously endangering financial security. We must dig deeper into upstream crimes! Whether it is financial securities or corruption, we must crack down on major crimes in these fields!