However, if we look at China's stock market over the years, is it positively related to China's economy? It's best to tell the truth, right?
I entered the market in 1996. I didn't know much about it before. Let me start with my experience.
1996 started a round of market, and I remember a long-term interest rate cut in May. It took a long time, including 12 gold plates at the end of 1996, and finally a famous editorial was published. The stock market fell for three consecutive days. However, after the Spring Festival in 1997, although Deng Lao passed away, he still could not change the upward trend. At an angle of 45 degrees, relying on the rise of five antennas, it was fascinating until1May 1997.
1998, we entered the adjustment period, and Mr. Zhu emphasized the expansion of domestic demand. That is, from then on, three major reforms began, namely education, medical care and housing. Adjust the impact of 1 0,000 points for many times, all of which are magical rebounds influenced by national policies, until the famous 5 19 market in 1999, which was a super crazy market represented by the Internet, with an index between 1 0,000.
At the beginning of 2000, another round of market started. The bottom point is very important, that is, 1300. The market rose all the way in the shock. By the beginning of 200 1, the index was around 2000 points, and the famous debate between Xu Xiaonian and Wu Li appeared, but the market still rose until the end of June 20065438+0.
The next trend is an eight-month plunge with a rebound in the middle. By 2002, it had reached 1300, and later became the bottom of the big box before 2004. On June 24, 2002, when the state-owned shares were suspended, the gap was high 1750, which was also the top in three or four years.
At the end of 2004, it broke through 1300 points, and in May 2005, the whole country began to sing more, followed by a round of crazy market. Several important points such as 65,438+0,300,65,438+0,750 are adjusted monthly. Interestingly, near the high point of 2245, there is no adjustment, and the result is 30. In the middle of the night, the chicken crows at 530, and the stamp duty is known to the old investors. It was over, but the market later hit a new high. It is normal for the market to lag behind the policy, which ended in June 2007 with a high of 6 124.
The past year of 2008 was a nightmare for many people. Let's not talk about it.
In fact, in recent years, China's economic development has generally maintained a fairly good economic growth rate. No matter how false the statistics are, economic growth is an indisputable fact. The growth rate may be different, sometimes faster and sometimes slower, but look at what the stock market is like. The data tells the truth.
In short, the relationship between the stock market and the economy is not so close, at least not synchronized. The headline is just a joke, but it has a lot to do with China's policy. There is a classic saying on Wall Street: the stock market is a barometer of the economy. Well said! But that was on Wall Street.
In China, the stock market is a barometer of China's economic policy. This is the national condition of China. Without China's national conditions, everything is nonsense!