China Financial Daily

October 11, 2008

Financial Crisis Influence

Filed under: Financial News — Tags: , , — Nancy @ 1:20 am -0700

Accusatory Speech from the United States to China has been a Joke because of the Financial Crisis
As the loan crisis causing the Wall Street financial crisis sweeps the globe, many countries hope China will become a mahdi in the crisis. Canadian media report that the accusatory speech from American officials to Chinese economy has become a joke.

Economic Observer: The United States financial crisis will impact Africa
The financial crisis in America recently upgrades and quickly spread to other parts of the world. Analysts point out that although Africa is relatively isolated from global economy, it is inevitable to be impacted by this financial crisis. Various signs show that African economy growth has slowed down because of the drag and slowdown of global economy.

Pension Accounts shrink 2 Trillion USD; American “Nightmare” has started
Congressional Budget Secretary Bideouer yesterday predicted in the past 15 months, the U.S. pension account has shrunk 2 Trillion USD, which was equivalent to 20% of the total account.

Russian Airlines may give up Airbus aircraft Purchase because of the Financial Crisis
Russian Airlines (AEROFLOT) president Valery Rio Kulov said that the financial crisis in Russia would probably cause the Russian Airlines purchasing w Airbus A-320 and A-330 medium-range passenger aircraft into a problem.

U.S. financial crisis spread to Real Estate Market in China
The foreign investment of Chinese real estate market occur some changes recently, the news that many overseas investment institutions want to transfer the property has been guessed in the market. In the downturn real estate market, the influence from foreign sell-off is still not too serious, but confidence in the market may be interfered by this.

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