At the market level, in the first week of 2024, the global stock and bond markets hit their worst start in 20 years. According to Bloomberg data, in the first week of 2024, the total market value of global stock markets evaporated by over $2 trillion, while the total market value of global bond markets fell by about $1 trillion, with a total evaporation of up to $3.18 trillion (approximately RMB 23 trillion).