After the Fed's decision to raise interest rate, in general, the global stock market has jumped, reflecting that the market has digested the impacts brought by the interest rate hike.

ANBOUND’s research team points out that the rise of the U.S. interest rate will inevitably have impacts on the global economy, particularly the emerging economies.

Some of the countries and regions will turn to the free floating exchange rate, and foster a global competition of currency devaluation.

Both the internal and external economic environment in China will be affected negatively.