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Follow Yigen | Fire Shining Mountain Tour: China's Persistence in the Asian Financial Crisis
Release time:2025-07-02 Source: Qingqiao Number of views:

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Wednesday, July 2nd, 2025, the eighth day of the sixth lunar month





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Today's Energy Guide

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Today's hexagram:Volcanic Journey

The 56th hexagram of the Book of Changes,Up and down (fire), down the gong(There is fire on the mountain, and the journey is hurried.

Hexagram revelation: Mountains stand in silence, hiding a constant steadfastness; Fire manifests itself through leaps and flows with wisdom. The combination of the two is like a traveler on the journey of life—— Be cautious in impermanence, and maintain clarity in turbulence.

When the tongue of fire licks through the void, it always spreads with restlessness, like the uncertain path under the feet of a traveler: wandering is the norm, and turbulence is the foundation of the journey. And the mountain stands still in silence, enduring the erosion of wind and rain, just like an immovable anchor in the heart of a traveler. The more turbulent the exterior is like wildfire, the deeper the heart should sink like a mountain—— This is a metaphor for the interplay of movement and stillness, and also a confidence in the journey.Mountain and fire are never two opposing poles, but two magical tools in the traveler's bag: fire illuminates the path ahead, mountain calms the mind, and together, they are the wisdom that transcends time.

The stars hang flat and the fields are wide, the moon surges and the river flows.

Today in history  
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one thousand nine hundred and ninety-sevenyearseventhe moontwoOn that day, the Asian financial crisis swept through Thailand. Soon, the storm spread to Malaysia, Singapore, Japan, South Korea, and China. The currencies of countries such as Thailand, Indonesia, and South Korea have depreciated significantly, causing a sharp drop in the stock marketSocioeconomic recession.Among them, Thailand, Indonesia, and South Korea are the countries most severely affected.

In the Asian financial crisis, China faced enormous pressure but insisted on not devaluing the renminbi. This measure by China not only maintains the stability of its own economy, but also provides important support for the recovery of regional economy.

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