Archive for the ‘China Finance’ Category

Chinese 2008 business leaders released ,two-thirds of private enterprises

Chinese 2008 business leaders released ,two-thirds of private enterprises
25 China’s most influential business leaders in 2008″ released the official list, Ren Zhengfei,Yu Liang, Dong Mingzhu, Yang and Ma Weihua, such as 25 famous Chinese state-owned and private entrepreneurs are selected.

fragile Chimerica

The proposal that SDR gradually replace the status of the dollar has been supported by BRICS and the IMF, but has encountered opposition from the United States and the European Union. It expected at the G20 meeting, the proposal will not be produce the actual results, but in my opinion, at least people will recognize that if the United States attempt to shift their domestic crisis onto the world by printing the banknote, then we at least have other options . This proposal will make the United States take full account of the crisis of their cost burden when they decide to alleviate their own crisis by making a new global crisis.
FDI issue a large amounts of banknotes and the Chinese proposal on SDR, fully illustrated the fragility of the relationship of chimerica.

The nationwide scale industrial enterprises profit fell 37.3% on Feburay

The nationwide scale industrial enterprises profit fell 37.3% on Feburay

from Jan to Feb, the national industrial enterprises above designated size (main business enterprises with annual revenue more than five million yuan, the same below) realized a total profit of 219.1 billion yuan, 37.3% decline compared to the period last year. In 39 industrial sectors, the oil and gas exploration industry profits fell 86.1%, the chemical industry profits fell 49.3%, 3.6% decline in building material industry, electronic communication equipment manufacturing industry has declined 96.3%, and special equipment manufacturing industry has declined 13.4%, transportation equipment manufacturing industry has declined 40.4%, 77.0 % decline in the power industry,

Experts said the oil price increasing will make the downstream industry under pressure

Experts said the oil price increasing will make the downstream industry under pressure
Media said that in view of the recent international market crude oil prices continued to rise, the Government decided from 0:00 today,gasoline and diesel prices were increased by 290 yuan RMB per ton and 180 yuan RMB. This is the second National Development and Reform Commission adjust oil prices since new pricing mechanism for oil products.
Experts said that the new refined oil pricing mechanism difficult to understand how to implement. HAN Xiao-ping, president of China Energy Net said that when the international oil prices fall some times ago, the government did not simultaneously reduced the price of oil; meanwhilecurrent low domestic demand, coupled with the current downstream enterprises operating difficulties at this time oil prices rise is still above questionable.

the new management regulations of securities broker introduced

the new management regulations of securities broker introduced
Securities management announced new management regulations of securities dealers, securities brokers should pass the qualifying examination, and who possess the required conditions for securities practitioners practice; securities companies should train securities brokers for no less than 60 hours before work, and test the effect of pre-service training. After Implementation of new regulations, some brokers induced customer to repeated buying and selling for a commission, this behavior should be under control effectively.

The current employment situation is very serious

The current employment situation is very serious the registered urban unemployment rate reach the highest in 3 years

According to media reports, the current employment situation is very grim, the number of new jobs for urban decline sharply,

840,000 in October,550,000 in November,380,000 in December.This is the highest decline level in recent three years.

The financial crisis impact on the real economy of our country ,mainly in the labor-intensive enterprises, export processing enterprises, in these enterprises, migrant workers are the main, so the impact of migrant workers most affected

From the fourth quarter of last year, about 40% of enterprises have reduce the needs of workers.

the new labor force which is necessary arrangements for our country towns each year is in fact 24,000,000, but only 12,000,000 people can be arranged a job, including natural attrition.

coupons are handed out in some cities of China

coupons are handed out in some cities of China
recently,Chengdu and Hangzhou extend coupons in order to stimulate the consumption, National Commerce  Ministry expressed the consent, because China’s current economic over-relied on exports, increasing domestic demand and promote domestic demand are beneficial, I also think this behavior is positive, but only coupons can not solve China’s current economic difficulties, the high housing prices, medical insurance, social security, employment and other issues are all urgent problem to solve, we all know,the Chinese ordinary people need to work more than 20 years as to afford one house,dare they consume at their pleasure?

Chinese granting of loans surge this year

Chinese granting of loans surge this year
By the end of 2008, China’s export trade is slowing down, in order to stimulate economic development, China actively encourage the bank to extend a loan. a staff worked in the the Ministry of Finance of the state-owned commercial banks, told reporters, ” we put out 4,5 billion loan in only one and half month this year, have completed half of the amount of granting of loans this year.we are expected to complete all of the amount on March . “At the same time, the NPC Standing Committee is discussing the report on the arrangement of local government bonds issuance in 2009, these measures show that China is making use of quantitative economic tools to stimulate economic development. I think, at the same time, we must pay attention to return efficiency of the funds and ultimately the flow of funds, otherwise, if the global economic recession could not recover in the short term, imprudent behavior may lead to ineffective investment and bad debts of banks, so at present,it is essential is to require the economic stimulus plan audit.

India say no to Chinese toys

India say no to Chinese toys
Recently, the Indian government ordered a six-month lock-up order on Chinese-made toys. And India has embarked an anti-dumping investigation on 10 kinds of Chinese products. In fact, not only in India, the United States, Europe and other countries are taking such trade protection measures.
as we all know, trade protectionist measures will lead to a trade war, and ultimately result in the narrow trade volume in the whole world, The result is that a large part of country’s economy would be badly hit, rising unemployment, increasing social crisis, and trigger a conflict between the country and even the war. financial crisis in 1929 precisely is due to the world trade protectionism around the world,which lead to several times narrower trade volume than before, very high unemployment rate, productivity, and ultimately led to World War II.

A substantial increase on the lowest purchase price of rice this year

A substantial increase the lowest purchase price of rice this year
The government has decided to continue the minimum price policy in 2009 in the main rice-producing areas,and have a substantial increase in the minimum price level,up more than 15%. The purpose is to mobilize enthusiasm for growing grain farmers to further promote the stable development of grain production.