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12/05/2025
Federal Reserve Hamack: Time is needed to observe the economic response to tariff policies.
Latest
39 m ago
Official notice: Investigation launched into the incident of vendors at the Zhengzhou night market selling cigarettes. Personnel involved have been suspended pending further investigation.
1 h ago
China Earthquake Networks Center officially determined: At 00:31 on May 12, a magnitude 3.0 earthquake occurred in Kuqa City, Aksu, Xinjiang, with a depth of 15 kilometers.
1 h ago
The economic team at J.P. Morgan believes that President Trump's actions to reshape the trade order through tariffs may repeat the mistakes of Brexit, causing long-term and chronic damage to the country's economy. According to their latest report, the actions taken by the U.S. and the U.K. reflect their concerns about the decline of globalization in manufacturing and immigration issues. They believe that Brexit led the U.K. into a brief recession, but the bigger problem is the long-lasting slow damage, including slowing consumer spending, reduced business investment, currency depreciation, and inflation above target levels. Even though the Bank of England quickly cut interest rates and reintroduced quantitative easing measures to eventually help the local economy recover and grow, there are long-term damages such as continuously decreasing trade volumes with other countries, reduced immigration leading to labor shortages, and shrinking long-term investments. J.P. Morgan economists believe that Trump's tariffs are pushing the U.S. towards a similar trajectory. They believe that even if the U.S. economy avoids a short-term recession, long-term growth will inevitably slow down, with reduced foreign investments and pressure on productivity. They estimate that the shock of U.S. trade disruptions may cause immediate crises, but the long-term impacts are incalculable.
1 h ago
Xiao Mo: Trump is expected to repeat the mistakes of Brexit, causing long-term damage to the U.S. economy.
2 h ago
According to the AI quick news, Southwest Securities released a research report on May 11th, giving a buy rating to Liziyuan (605337.SH) with a target price of 15.36 yuan. The rating reasons mainly include: 1) a slight pressure on dairy drinks, with new products driving incremental contributions; 2) cost improvement leading to an increase in gross profit margin and continuous optimization of profitability; 3) forward-looking layout of new products and a strong focus on the e-commerce channel. (Daily Economic News)
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