speculation(chǎo mǎi chǎo mài)

speculation

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Speculation in Guangdong dialect refers to short selling in foreign exchange transactions. Speculation is a kind of speculation under capitalist conditions. Buyers and sellers can make huge profits by trading in the form of virtual foreign exchange capital. Therefore, since the holder of foreign exchange sells foreign exchange, this kind of activity can not be completed at one time, but often involves several times of trading and transferring each other. With the increase of transfer times, the price of foreign exchange capital is also rising.

Since the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, the Chinese government has carried out the policy of opening up to the outside world and invigorating the domestic economy. The number of individuals and units holding foreign exchange has increased. In addition, at the present stage, China's foreign exchange management is not very perfect, which gives speculators opportunities to take advantage of. Speculation is not only easy to disturb the market and normal foreign exchange circulation, but also easy to encourage the proliferation of speculation, which has a negative impact on economic development and society. We must resolutely stop it.

Chinese PinYin : chǎo mǎi chǎo mài