人民币逼近7.1！一大堆政策正在赶来...

Core Viewpoint - The article discusses the implications of the recent US Federal Reserve interest rate cut and its impact on the Chinese yuan, particularly in the context of US-China negotiations, suggesting that currency exchange rates are a significant focus of these discussions [1][4][8]. Group 1: Currency and Policy Implications - The yuan is approaching 7.1, indicating that exchange rates are a key topic in US-China negotiations, with the US aiming for yuan appreciation to attract capital back to the US [8][9]. - The article suggests that both countries have a mutual interest in a gradual appreciation of the yuan to support domestic demand recovery in China [9][10]. - The Federal Reserve's interest rate cut is seen as a catalyst for potential changes in domestic policies in China, with expectations of new growth-stimulating measures following the Fed's actions [21][28]. Group 2: Domestic Policy and Economic Strategy - Following the US-China negotiations, China announced policies to expand service consumption, indicating a strategic response to the current economic climate [15][21]. - The article emphasizes that any domestic interest rate cuts in China will depend on the extent of the Fed's rate cuts, with a potential follow-up of 10 basis points if the Fed cuts by 50 basis points [29][30]. - The discussion includes the importance of a coordinated monetary policy approach, suggesting that domestic rate cuts may serve to manage cross-border capital flows rather than purely stimulate the economy [18][29]. Group 3: Market Dynamics and Future Outlook - The article highlights the potential for significant policy changes that could impact the market, particularly with the introduction of market-oriented reforms that may create new investment opportunities [26][27]. - It notes that the current market dynamics are influenced by a shift towards cyclical sectors, which may change as new policies are implemented [22][36]. - The article concludes with a focus on the importance of long-term decision-making in the face of short-term market volatility, emphasizing the ongoing easing cycle and the potential for increased domestic policy support [36][37].