Happy New Year Pandas!

As we all know, Chinese New Year, aka THE New Year is fast approaching, and pandas everywhere must be ready. CNY is a very important event to Chinese nationals worldwide, and involves much celebration. As an economist noted in this article, such a worldwide week-long party is bound to have interesting economic effects. Sean Lee predicts that this celebration will actually have a negligibly negative effect on foreign trade, but have a huge rally on China's domestic markets.

This is a unique reversal for the exporting giant China has become: many have worried about the domestic markets within China and whether or not they have suffered from China's outwardly focused economic stance. However, around this time every year, China proves to the world that its economic markets are strong both internally and externally. China is an economic superpower (no doubt thanks to the panda, somehow) and will continue to rise as a power as long as it has power on the FX markets. Lee predicts, however, that for this week, the giant panda that is China will take a break from, well, being a giant economic panda. It will instead, party, like this panda below.