BEIJING Ryan Callahan Jersey , March 19 (Xinhua) -- The recent dramatic movements in the financial market show yet again investors on China should not allow themselves to be easily swayed by speculative comments.


The Chinese currency has held relatively stable against a basket of foreign currencies but, as a result of U.S. dollar weakness, it appreciated against the greenback. Investors betting on the collapse or continued depreciation of the yuan have suffered losses.


Meanwhile, some well-known international investment gurus who had predicted bad news for the Chinese currency and the Chinese economy have now become silent.


As for the investors who went short on China, they complained of being misled by those investment gurus.


It may be true that these investors have suffered losses as a result of misleading comments which had been spread on the media worldwide. But the lesson that should be learned is that investors should look at the fundamentals of the Chinese economy and do more research themselves.


Comments by the investment gurus can be misleading, and when they are, they tend to create big noises on the increasingly globalized financial markets with the help of the social media and, sometimes, rumor mongers who spread the message in hope of profiting from market volatilities.


The threat is often real in that they can lead to capital outflows. It is now known that expectation of depreciation can often be self-fulfilling as expectation alone can create a downward spiral due to herd behavior.


The Chinese economy has experienced such pressure in recent months amid bearish comments on the Chinese economy and currency. It is close to a stress test. Luckily but not coincidentally, China passed the test.


Numerous events or statistics have been used as excuses of shorting China, such as the market volatilities on the Chinese mainland stock market, individual cases of debt restructuring, the reduction of redundant industrial capacity and the reform of state-owned enterprises.


But these incidents should not have been excuses for investors to ignore the fundamentals of the Chinese economy. Statistics released recently attest to the robustness of the Chinese economy.


Despite a slowdown from extremely high growth in the past, the Chinese economy remained resilient. Employment creation remains strong, with 13.12 million new jobs created in 2015. The Chinese government expects at least 10 million new jobs to be created this year, reflecting a strong momentum of the Chinese economy as it is driven by internal demand.


The Chinese economy is undergoing quiet but substantial structural changes. Consumption contributed 66.4 percent of China's economic growth last year. The services sector, for the first time, accounts for slightly more than 50 percent of China's gross domestic product (GDP), compared with about 40 percent for the manufacturing sector.


Meanwhile, the policy makers have opted not to adopt comprehensive easing in macroeconomic policies, but chosen to push forward structural reforms on the supply side by tapping strong domestic demand, pursuing innovation-driven growth and simplifying government procedures.


These changes mean China is now increasingly pursuing quality growth at a higher level instead of the fast but low quality growth in the past. Indicators that were closely watched may not be so telling nowadays.


With the people growing better off, the Chinese economy is changing fast and deep. It means that investors who are still trying to gauge China's economic performance with the old measures may not get the true picture. Betting against China based on the wrong information has led to losses.


There will definitely continue to be bearish comments on China, some by the so-called investment gurus or even by rating agencies. But it is for investors themselves to make a call based on up-to-date information, and it is advisable that they should not allow themselves to be easily swayed by noises in the market.


INCHEON, Sept. 20 (Xinhua) -- Following are the Asian Games medalists on Saturday:


Equestrian


1. South Korea (Chung Yoo-Yeon, Hwang Young-Shik, Kim Dong-Seon, Kim Kyun-Sub)


2. Japan (Shingo Hayashi, Tomoko Nakamura, Mayumi Okunishi, Kazuki Sado)


3. Chinese Taipei (Chang Yu-chieh, Kuo Li-yu, Wang Ko-wen, Yeh Hsiu-hua)


Fencing


Men's epee individual


1. Jung Jin-Sun, South Korea


2. Park Kyoung-Doo, South Korea


3. Nguyen Tien Nhat, Vietnam


3. Lim Wei Wen, Singapore


Judo


Men's 60kg


1. Yeldos Smetov, Kazakhstan


2. Boldbaatar Ganbat, Mongolia


3. Toru Shishime, Japan


3. Kim Won-Jin, South Korea


Men's 66kg


1. Tumurkhuleg Davaadorj, Mongolia


2. Tomofumi Takajo, Japan


3. Mirzokhid Farmonov, Uzbekistan


3. Azamat Mukanov, Kazakhstan


Women's 48kg


1. Urantsetseg Munkhbat, Mongolia


2. Emi Yamagishi, Japan


3. Jeong Bok-Yeong, South Korea


3. Kim Sol-Mi, DPR Korea


Women's 52kg


1. Misato Nakamura, Japan


2. Gulbadam Babamuratova, Turkmenistan


3. Lenariya Mingazova, Kazakhstan


3. Jung Eun-Jung, South Korea


Women's sabre individual


1. Lee Ra-Jin, South Korea


2. Kim Ji-Yeon, South Korea


3. Li Fei, China


3. Shen Chen, China


Shooting


Women 10m air pistol


1. Zhang Menguyuan, China


2. Jung Jee-Hae, South Korea


3. Shweta Chaudhry, India


Women 10m air pistol team


1. China (Guo Wenjun, Zhang Mengyuan, Zhou Qingyuan)


2. Chinese Taipei (Wu Chia-ying, Tu Yiyi-tzu, Tien Chia-chen)


3. Mongolia (Gundegmaa Otryad, Munkhzul Tsogbadrakh, Bayartsetseg Tumurchudur)


Men 50m pistol


1. Jitu Rai, India


2. Nguyen Hoang Phuong, Vietnam


3. Wang Zhiwei, China


Men 50m pistol team


1. China (Pang Wei, Pu Qifeng, Wang Zhiwei)


2. South Korea (Jin Jong-Oh, Lee Dae-Myung, Choi Young-Rae)


3. Vietnam (Hoang Xua. Wholesale Jerseys China Wholesale Sports Jerseys Wholesale Authentic Jerseys Wholesale Cheap NCAA Jerseys Wholesale New NBA Jerseys Wholesale College Jerseys Cheap Wholesale NBA Jerseys Cheap NCAA Jerseys Online Wholesale Nike NBA Jerseys Cheap Jerseys Wholesale