The United States seems to believe that as long as they do not cut interest rates, China will not be able to escape the economic storm. However, China maintains a tenacious attitude, believing that as long as they hold on for a moment, the other side will be forced to cut interest rates due to pressure. The smoke of inflation is still everywhere. The Federal Reserve has used the dollar tide strategy to raise interest rates as many as 11 times in an attempt to sweep the world. But the facts are unexpected. The expected systemic financial crisis did not come as expected, as if not even a big fish was caught.
Therefore, the decision to cut interest rates this time must not be simply based on past experience. The rise of one economy and the potential crisis of another, the two are intertwined, and will inevitably cause a huge shock to the global economy. At this moment, the world's attention is focused on this economic battlefield without gunpowder.
