Archive for April, 2009

China’s rapid expansion of credit

China’s banking sector financial institutions have 4.52 trillion yuan of new loans in the first quarter of this year, It is reported that authority vice chairman of China Banking Regulatory Commission had said that “this new credit is expected to be more than 8000 billion”, many people worried about the rapid expansion of credit, today the official refute the report , but it seems the direction of credit expansion haven a firm support.

The business survey in the first quarter: decline in demand as the biggest challenge

Impacted by the international financial crisis,how about Chinese enterprises survive situation in the first quarter?
Chinese Entrepreneurs Survey System conduct a special investigation from the end of March to early April.
Survey shows that declining orders, production and sales fell, prices, import and export reduction, resulting in a decline in corporate profits, reduced employment, decline in procurement,
Enterprises are facing a difficulty; 1 / 4 of enterprises are in a semi-production conditions, more than half of corporate sales decline.

Accumulator is rapidly eradicating China’s moneybags

Recently, the news that China’s moneybags having been eliminated quickly by financial derivatives is published constantly, among them, one person lost the largest loss of hundreds of billion RMB only because of Accumulator.
Hong Kong GDP last year’s 160 billion U.S. dollars, but in Hong Kong last year, the gross value of the Accumulator in more than 100 billion U.S. dollars.
Many Chinese moneybags was informed lost all the funds and owed a large amount of money after investing tens of millions of dollars in a few months by financial institutions.
It is obvious that we need to increase financial derivatives regulation of financial institutions.

China become the world’s largest vehicle-producing countries

Chinese car share reach 17.2% in the world automobile market in 2008, while Germany fell to 14.7%, the United States decreased to 14.6%, in March this year, new car sales in China reached 1.11 million, China become the world’s largest vehicle-producing countries, I think, as an emerging market, China may become the most profitable market.

China’s banking sector create a world record profit

Chairman of the China Banking Regulatory Commission yesterday said that China’s banking sector is the world’s money-earning banks, the profits of the entire banking sector last year reached 583.4 billion, set the world record. Last year, the banking industry profits growth rate is more than 30% ,the capital return ratio reached 17.1 %, the industry is the world’s first.

China demand that the central state-owned enterprises paid dividends

China demand that the central state-owned enterprises paid dividends
There are many so-called the world’s largest enterprises in China, but the long-term profits of these enterprises remain in their own pockets,
Basically they did not paid dividends to government. Since 2007, part of the state-owned enterprises begin the experimental work of paid a capital gains .
Now,State-owned Assets Supervision and Administration Commission issued a notice,require central enterprises submitted the state-owned capital gains report in 2008 by the end of this month.
This means that the profits of state-owned enterprises would to be able to make due contributions to the community system.

China’s demand for electricity was warmer

China’s demand for electricity was warmer
Chinese usage for electricity is as a whole 780.99 billion kwh in first quarter of this year , fell 4.04 %;
In March usage for electricity is 283.389 billion kwh, fell 2.01 %, the two drop ratio all greatly reduced than before.
Generating electricity capacity is the leading indicator, the data indicate that the short-term economic deterioration trend is slowing down.

Ministry of Finance announced the national fiscal income and expenditure

Ministry of Finance announced the national fiscal income and expenditure
in the first quarter, 2009
According to media reports, in March, the National fiscal revenue reach 440.221 billion yuan , less 1.374 billion yuan than the same month last year , down 0.3%. Among them, the income of the central level 204.458 billion yuan, down 10.3 percent; local level 235.763 billion yuan revenue, increasing 10.3%. the latter revenue situation should not be too optimistic.

Outbound travel prices generally rose by30% in May

It was reported that the new “Travel Regulations” expressly prohibits below-cost pricing to attract tourists, from May on,outbound travel prices will rise about by 30% ,50% as a maximum increase .

However, whether the quality of tourism will improve with price increasing, a lot of tourists are still very worried. Most travel industry said that as interest-driven, the phenomenon of the guide forcing the tourists for spending will not completely disappear.

China’s import and export total value in March

National Bureau of Statistics announced:In March 2009, China’s import and export total value of 162.02 billion U.S. dollars,

dropped 20.9 % year-on-year; 90.29 billion U.S. dollars for exports, dropped 17.1 % year-on-year,

71.73 billion U.S. dollars for imports, up 25.1 % decline; month favourable trade payment is 18.56 billion U.S. dollars, increase by 41.2%.

Indicators show that the data has improved than previous data, but I think this is not the time for optimism, only relying on short-term data on the beginning of the year

Can not describe the problem,
the effect of expanding domestic demand would more better than that of simply increasing investment,
Making the people have more money in the purse is better than only pursuing GDP figures.