20 July 2016

This Month So Cold

After a few hot weeks, suddenly keep raining, I think yesterday and today the coldest, yesterday cold until have sneeze attack, today put on clothes so not that bad, but still shivering a bit. I think the rain will last until August then will start to get hot again, hopefully not as hot as June.

Anyway today while talking to a colleague from China, he told me the Alibaba Yu'e Bao interest rate drop to 0.6 Yuan per 10,000 Yuan, which comes to about 2.19% per annum, he said last time was 4.5%, this will probably mean something, maybe it is linked to recent bullish markets? Chinese people putting their funds into markets instead of Yu'e Bao? Who knows STI will cross 3,000.

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