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The Prime Minister Of Canada Announced The Dissolution Of Parliament / China's Economy Is Showing Signs Of Slowing Down

The Prime Minister Of Canada Announced The Dissolution Of Parliament

Canadian Prime Minister Trudeau announced the dissolution of Parliament after meeting with the new Governor on Sunday, and the general election will be held ahead of schedule on the 20th of next month. Trudeau said that the early election is to win new authorizations to smoothly implement policies such as epidemic prevention and economic revitalization. According to recent polls, the approval rate of the Liberal Party led by Prime Minister Trudeau is as high as 37%, which is significantly ahead of the Conservative Party's 28%. As for the left-wing New Democratic Party, the approval rate is 20%. Although the Liberal Party’s support rate in the polls currently dominates by a large margin, the market is still worried that if the fourth wave of the epidemic breaks out during the election period, it may drag down Prime Minister Trudeau’s support and add variables to the election situation.

China's Economy Is Showing Signs Of Slowing Down

The National Bureau of Statistics of China announced that industrial production in the Mainland China increased by 6.4% year-on-year in July, which was lower than market expectations of 7.8%, and dropped 1.9 percentage points from the previous value, which was the lowest level since August last year. During the same period, retail sales in the Mainland China increased by 8.5% year-on-year, which was lower than market expectations of 11.5%, and dropped 3.6% from the previous value. The growth of the two major economic engines in the Mainland China is showing signs of slowing down, mainly affected by the resurgence of the epidemic and the floods in Henan. The National Bureau of Statistics expects that, affected by the high base effect last year, the annual economic growth of the Mainland China may show a situation of first high and then low. However, with the expansion of vaccination and more precise epidemic prevention and control, the overall economic outlook is expected to remain stable.

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