I want to wish you all a happy and prosperous Chinese New Year. The year 2024 is the year of the dragon, a symbol of strength, wealth and luck. May these qualities accompany you in the coming year and help you achieve your goals. πππ
We all know that the past year was full of challenges and uncertainties. The coronavirus pandemic, the housing crisis, the geopolitical tensions and the weak consumer demand have weighed heavily on the Chinese economy and the stock market. Many stocks from China and Hong Kong have lost about 6.3 trillion dollars in market value since 2021. The consumer prices fell in July for the first time in two years, increasing the risk of deflation. π·ππ
But we must not lose courage. China has overcome many crises and always recovered. The government has taken measures to strengthen the stock market, reduce the debt burden and promote monetary easing. The economic recovery is still on shaky ground, but there are signs of hope and optimism. π¨π³ππͺ
I am convinced that we will succeed with hard work, creativity and collaboration. Let us use the year of the dragon to realize our visions and fulfill our dreams. π―ππ