The impact of G20 summit in 2009 on virtual currency

1. Hello
we know that the G20 summit has little impact on China's stock market, because China's stock market has not entered globalization. From the perspective of economic data and monetary policy, China's stock market has little investment opportunities this year. From the perspective of economic data, China's main economic data are not optimistic, and the depreciation of RMB has intensified, The amount of money may be increased by the state, but the effect remains to be seen e to the devaluation of RMB. Therefore, it is suggested that we should wait and see in the future stock market to ensure the safety of funds. Personal opinions can be referred to. If you have any questions, please continue to ask me and answer them sincerely!

2. The G20 summit is nothing more than for politicians of all countries to stand on the basis of their own interests and try to find those so-called "consensus" that are already beneficial. Western Europe opposes trade protectionism, the United States advocates a joint rescue of the market, and developing countries advocate their own currency security
this meeting is formally to restrict the spread of financial crisis, but e to their different interests, it is difficult to obtain fundamental solutions
the meeting will not affect the stock market's turn, which may lead to the stock market's shock e to the failure of expectations.

3. It's better not to speculate on the politicians' ideas and the outcome of the meeting. If you can guess the result, you don't have to hold the meeting, do you?

4. For the world economy, the G20 summit is the node of the transformation of new and old kinetic energy. Since the 2008 financial crisis, monetary and fiscal stimulus has become the most common means for most countries in the world to deal with the crisis. However, the almost unlimited use of monetary and fiscal policies by some countries has not brought new prosperity to the global economy, but brought more and more serious new problems and negative spillover effects. In view of this, China proposes to define the theme of this year's G20 summit as "building an innovative, dynamic, interactive and inclusive world economy". For the first time, "innovation" is mentioned in the theme of the summit, and innovation in growth mode and tapping growth potential are the core tasks of the summit. This is concive to fundamentally solving the problem of insufficient driving force for world economic growth and finding new driving force for global growth.

5. The G20 summit in Seoul ended on the 12th. The meeting adopted the Seoul declaration, agreeing to set up "indicator guidelines" to measure trade imbalances, and further discussed details in the first half of next year. Many motions proposed by the United States have not been widely accepted. The summit shows that the influence and credibility of the United States have been greatly weakened, and the "lameness" of US President Barack Obama is graally obvious e to the big defeat in the mid-term election. It is determined that trade protectionism should be eliminated and the obstacles hindering the growth of developing countries should be removed. Obama accused China of manipulating the RMB exchange rate on the 12th, but leaders of various countries responded coldly. Obama could not resolve the doubts that the United States deliberately devalued the dollar to promote exports. The United States accuses other countries of manipulating the exchange rate, and the United Nations Association for the protection of the people's Republic of China will spend 600 billion US dollars to buy government bonds, which is exactly the manipulation of the exchange rate. Although there is little chance to reach an agreement, the U.S. attempt to use China's exchange rate to force the appreciation of RMB failed. Next year is still a crucial year for negotiations.

6. The group of 20 (G20) is an international economic cooperation forum, which was established by the finance ministers of the group of eight (G8) in Berlin, Germany, on September 25, 1999, and held the first G20 summit in Washington. It is a mechanism of informal dialogue within the framework of the Bretton Woods system, and is composed of the original G8 and the other 12 important economies
the purpose is to promote open and constructive discussion and Research on substantive issues between instrialized developed countries and emerging market countries, so as to seek cooperation and promote international financial stability and sustained economic growth. According to past practice, IMF and the world bank attend the meetings of IMF as nonvoting delegates. The G20 has a wide range of members with strong representativeness. Its GDP accounts for 90% of the global economy and its trade volume accounts for 80% of the global economy. Therefore, it has replaced the G8 as the main forum for global economic cooperation
the G20 includes the United States, Japan, Germany, France, the United Kingdom, Italy, Canada, Russia, Australia, China, South Africa, Argentina, Brazil, India, Indonesia, Mexico, Saudi Arabia, Turkey, South Korea, and the European Union as an economic entity. The gross national proct of these countries accounts for about 85% of the world's total, and their population is nearly two-thirds of the world's total population. The proposal to establish the G20 was put forward by the finance ministers of the United States and other eight western instrialized countries in Cologne, Germany, in June 1999. The purpose is to enable the countries concerned to hold informal dialogue on international economy and monetary policy, so as to contribute to the stability of the international financial and monetary system. The G20 is a mechanism of informal dialogue within the framework of the Bretton Woods system, which aims to promote the reform of the international financial system, lay a broad foundation for discussion and consultation on substantive issues, seek cooperation and promote the stability and sustained growth of the world economy.

7. The summit reached broad consensus on promoting world economic recovery, reforming the international financial system, strengthening financial regulation and resolving global economic imbalances. All countries have decided to set up a mechanism to jointly take action to bring economic growth back to normal, and they have also committed to continue to implement the revitalization plan to ensure economic and employment growth until the pace of recovery is stable
hope to adopt

8. The only benefit China gets is the appreciation of RMB while others are devaluing. Many foreign employees in Shanghai have applied to use RMB to pay their salaries. In fact, we ordinary people will not understand what benefits China has gained. However, for me, the biggest benefit is that the funds and stocks I bought after the G20 have gone up, ha ha (laughter), the improvement of China's national finance, Indirectness is the benefit of the country, right?

9. It will integrate the world economy and slow down the financial crisis