The news about President Hu Jingtao's Visit to Japan, which I've been expecting for a long time, finally comes out: Japan made an annoucement of the agenda of President Hu's visit to Japan, i.e., from May 6th to 10th. It's very strange that such important news can be hardly found on domestic gateway websites of China except Sohu.com's coverage of the news, which declares that it's published by "Japanese Ministry of Foreign Affairs". It seems that some people or organizations don't bring lots of attention to this important news on purpose. It's probably because they try to avoid the influence of "Rejecting Carrefour" event in recent days.
The report of March 28th mentioned one of four major factors afffecting China's stock market in recent times:
At the beginning of March, it's said President Hu Jingtao's Visit to Japan lasts four days from April 17th to 20th. But no final decision was made. The date is pretty important. Because I think that President Hu's Visit to Japan is beneficial, before which China's A share will certainly rebound. The reasons will be specifically analysed later.
We could only guess at that time. Who knows the date of President Hu's Visit to Japan
would be put forward on the same day with the government's policy to save the stock market the stamp tax rate of securities is brought down by 1‰. The former one is announced on April 22nd, the latter one in the evening of April 23nd. It's estimated that A share will rise dramatically after today's opening.
When Carrefour event caught the attention of angry young men, the domestic unsatisfaction with inflation has been partially released. As long as the stock market rebounds, Chinese people should be grateful, forgetting about the increased price of food.
I'm hurrying back, and will focus on the writing our close neighbour: Japan when I get back.