According to a report issued by Switzerland, people have been worth 7% of the US dollar in the past six weeks, and the current forecast rate of US dollar-denominated people is likely to exceed 7% in the next few months and reach 6.9 by the end of the year.

According to the report, although people's value is theoretically favorable for export-oriented companies, historical data show that people's income is usually accompanied by a downturn in the stock market, such as 2015 to 2016 and 2018, which may be related to market economic growth and capital outflow.

Industries with a high correlation between stocks and investment rates include transportation (especially airlines), materials, banking and hardware technologies, while energy, telecommunications, medical and health equipment and retail stocks are not affected by volatility.

Switzerland believes that with the economic activity in the doldrums and the people's anxious prices, the stock market is likely to remain depressed in the short term. However, note that MSCI China's current forward price-to-earnings ratio is 10.1 times, which is lower than the historical average of 13 times. It is believed that most of the downside space has been reflected in the market.