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'',- Xiamen News Analysis: China’s influence in the world is growing , this is something we should be happy about. Yesterday, the Chinese Prime Minister attended the 10th meeting of the Prime Ministers of the Shanghai Cooperation Organization member states in the historical city of St. Petersburg, Russia. He proposed to establish a multi-level and multi-channel financing cooperation system, increase financing support for regional economic cooperation projects, and take active measures to promote goods, The nine major proposals including the free flow of capital, technology and services among member states, especially the expansion of local currency swaps and settlements among SCO member states, may be important financial signals. After attending the National Leaders' Summit, the Chinese President will attend the 1st APEC (Asia-Pacific Economic Cooperation) (APEC) Leaders' Informal Meeting to be held in Hawaii, USA from 1st to 3rd. He will deliver a speech at the summit and meet with US President Obama and Japan's new president. Prime Minister Yoshihiko Noda and many other leaders of important countries in the world. These activities will promote further political mutual trust, remove economic barriers, boost the global economy out of a possible double dip, and promote more effective activities in the internationalization of the RMB, especially the pioneering regionalization. In fact, the effect of these factors on the entire financial market is relatively optimistic. In view of China's consistent style and style of doing things, the focus is to take the initiative to assume international responsibilities, deepen the cooperative environment of the global economy, and stimulate economic growth and employment.
'',- In Europe, French Prime Minister Fillon announced yesterday that France will implement a new fiscal austerity plan, increase value-added tax, implement retirement system reform, etc. A number of measures have been taken. At the same time, after Greece canceled the referendum, formed a coalition government, appointed a new candidate as the prime minister of the transitional government, and decided to hold a general election next year, one side stopped singing and the other side started to sing. The Greek fire has just been extinguished, and the Italian volcano has It might be about to explode. Italian Prime Minister Silvio Berlusconi is about to face a budget vote, and calls for his resignation are getting louder and louder. Berlusconi can be said to be an unbeatable cockroach, with constant scandals, but he is still a fighter in Italian politics. This time it may be difficult to escape, as Italian government bonds fell, pushing the 10-year bond yield to jump to close to %. The market is worried about Greece's curtain call and Italy's appearance. Given the size of Italy's economy, to the market, compared with Greece, Italy is probably a nuclear weapon. Because Ireland, Greece, and Portugal had sovereign debt default crises before, they asked for help when government bond yields soared to this level. Don't underestimate the impact of these news on the market. For example, yesterday's rumor that Italian Prime Minister Silvio Berlusconi was going to resign caused the euro to rebound, but it was subsequently denied, and the euro fell against the dollar in response. Headlines like these have been a major driver of short-term volatility in precious metals markets.
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