Archive for the ‘China Finance’ Category

China should not say recovery so easy

Last I found china official said china economy had “recovery” , I do not think it is a wisedom action.

Actually, chinese outport still reducing , we all know outport is very important for chinese industry , if outport and trade is still reducing, this kind of “recovery” is not a solid “recovery” , maybe somebody will say it is a “W” recovery , but it menas pain and waste for people and factories.

And, consume is not grow to so strong to digest so many capacity in these industry, if we can not change our model to increase consume , our economy is not real Independent economy and our it is hard to do a independent road on economy and finacial .

And more, we need more high-technology industry , need more high-technology worker and researcher, but now I heard many city said why not let university graduates become an nanny, not that is not real “recovery”. The real recovery must have a high employment rate, not GDP digital. We need these gtaduates get a job, and we need these graduates become hit-technology worker , not nanny, it is waste money and time of our country.

I read chinese paper ,  many repoter said people no money to buy a house, because they need work more than 25~ 35 years to pay the loan of house, and this house is just 100 square meters, so high a price cause people do not dare become a customer, they must save and save and save money to support a house.

Say “we are in crisis ” is not a bad thing, in china, so many people lost job, and old model — depend investe and outport to support economy increase is really a crisis, we need so many change in our economy, if we say we are safe , no people hope a change, it means stop and escape. Actually , we need CHANGE.

China plan to subsidies for replacement of old car

It is reported,China’s Ministry of Commerce, the Ministry of Finance announced yesterday, plan to subsidies for the old car replacement new car , the main target is the upcoming retirement of old vehicles, subsidies would begin from June 1, 2009 end in May 31.2010 .

China began to establish rural social endowment insurance system

Yesterday, China announced to establish new rural social endowment insurance system, which will maintain further social stability in rural areas, new rural social endowment insurance pilotin project will open 10% of the counties (cities, districts) in 2009 in China.

China adjust export tariffs of some products

According to report,China adjust export tariffs of some products, eliminating tentative export tariff of wheat, rice, soybeans and other food products, as well as sulfuric acid, wire and so on on industrial products,  reduce tentative exports tariffs of the fine talcum powder heads, small and medium-sized steel, some fluoride chemicals, part of tungsten, molybdenum, indium and other non-ferrous metals and intermediate goods.
At the same time, in order to promote the smooth operation of fertilizer industry and support agricultural production, China adjust export tariff of fertilizer and fertilizer raw materials.

China’s the world’s fastest-growing country of urban rail transit, more than 800 kilometers

China has become the world’s fastest-growing urban rail transit countries. In the end of last year, The domestic 30 urban rail transit lines in 10 cities reached 813.7 kilometers.

Shanghai is one of the longest operating mileage, reached 235 kilometers.

China Commerce Ministry start to purchase and deposit the domestic freezed pork to avoid the price of live pigs fall down excessively

China Commerce Department reported ,China start the purchase and deposition of frozen pork to avoid a sharp decline in price,stabilize pig production,protect the interests of farmers, and promote stability of live pigs and pork market.

Buying energy-saving air-conditioning might get the highest RMB 850 subsidies

China’s industrial profit decline margin continues to shrink

22 national industrial profit reach 487.3 billion yuan,drop down 27.9% than same period last year from January to April this year, decline decreased 4.3 % than that of the first quarter.

China electricity consumption in April dropped 3.63% year-on-year

China electricity consumption in April decline 3.63% year-on-year, and this data is 2.01% in March, the expanded drop. Experts point out that the reduction of industrial production electricity consumption that is more than 75% of total electricity consumption in the community is the main reason, Whether industrial growth continue to slow down will affect the future economic trends.

China large-scale Internet failure

Today, a major area of internet failure happen in Jiangsu, Hebei, Shanxi, Guangxi, Zhejiang,China,the reason is that the domain name system of baofeng.com network was attacked, and the impact a number of dns servers, at current, problem has been resolved.