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Geraci on RaiNews: “Trump will be careful with trade tariffs”

Geraci has been interviewed by Italian RaiNews to discuss the impact of Trump on Chinese economic development. On the margin, he believes Trump’s presidency will be slightly positive for China. On one hand, Trump has made a promise to raise tariffs for imports from China into the U.S. But Geraci points out that one thing is the rhetoric used during the election period and one other thing is what the President will do afterwards. Obviously he needs to take care of the mid-western voters, people who are particularly hit by the economic recession, and he needs to show he is doing something to help them, without affecting the relationship with China too much.

Chinese economy has reached bottom

Over the first three quarters in 2016, Chinese economy continuously increase at the rate of 6.7%. Head of Chinese economy of State Council Liqun Zhang said when determining whether economy has reached bottom, a very important indicator is investment. Infrastructure increased 19.4% over the 9 months and this investment can stablize total investments.

GDP is increasing at 6.7% in 3Q16, the same as 2Q16

GDP increase rate is 6.7% in the third quarter, reaching the lowest level since 2009. Real estate has contribute 8% of overall GDP from Jan to Sep. Consumptions’ contribution increased by 13.3%, reaching 71% of total drivers. Bet nex export is still below zero, with 7.8% Additionally, the unemployment rate is under 5% for the first time in three years.

Geraci Suggests to Chinese Finance Professionals a Good Investment Opportunity in Italian Banking Sector

October, Geraci participated in 2016 China-UK Financial talent education advanced training course.
Geraci discussed how the existence of the euro is taking away flexibility from the individual countries to adjust the monetary policy according to their needs.
October, Geraci participated in 2016 China-UK Financial talent education advanced training course.
Geraci discussed how the existence of the euro is taking away flexibility from the individual countries to adjust the monetary policy according to their needs REPEAT.

China does the best it can under current situation

Interviewed by Sputnik Radio,Geraci argues that: “Chinese’s model is indeed a system that is not in touch with the modern world, but it is the best system for China because China lives in a different era, because China’s level of development is not comparable with what we have in other parts of the world. It is like a country that lives a century earlier, but the system that China has now is probably the best for China in this historical moment. We should be careful when we criticize China on monetary policies as we may find out that they are actually more reasonable than those of ECB and FED.”