“Group-buying” in the fall of Beijing
2008 Beijing Real Estate Trade Fair started opening in China International Trade Center, bringing together Beijng and outside cities’, about 100 real estate projects, of which could be sold in group.
Forbes China Rich Man 2008: The Lost of the Real Estate Volve
On the “2008 Forbes China Rich List” published in Shanghai, the real estate volve lost their ring due to their alarming shrinking degrees of capital.
Tianjin: 8 published Measures to support buying Houses
According to the reports from the Tianjin construction committee on 30th, in order to promote the healthy development of Tianjin real estate market, the Construction Committee, Land and House Administration Bureau, Finance Department and the People’s Bank of Chian branches in Tianjin the four departments, drew up and published 8 measures to support the residents’ purchase of house.
Dumping Oil and Diesel of Oil Company
A private gas station near the Beijing Jiuxian bridge began to low down the oil prices and push out the promotions that get the cash benefits if you buy the fuel. The 93#, 97# petrol has fallen to the lowest prices in Beijing at the present.
Development and Reform Commission: Stability of the Oil-productiong in the first three Quarters
According to the national development and reform commission web site, they released the economic operation of the first three quarters in 2008, showing that the oil producting and the light industry remained stable; coal production, machinery industry, electronic industry and the medicine industry get an acceleration…
Domestic Oil Prices has been higher than International Prices
As the international crude oil prices plunged again and again, together with the domestic gas increasing its volume, recently the gas and diesel wholesale prices dropped sharply in Shanghai: compared to the market this June, the wholesale price of gas and diesel has dropped about 1000 yuan.
How to do the Financial Management after Cutting Interest Rates
People’s bank of China decided to deduce the benchmark interest rate of RMB deposits and loans on Oct. 30th, which is the second rate cut in this month. Most experts predicted that it was still more likely to continue to decline the interest rates.
Interest Rates Cutting — the Obvious Signal to stimulate the Economy
The second time for central bank to decline the benchmark deposit and loan interest rates, is extremely exceptional over this years. During the past few days, the international community has just called for the global central banks to cut interest rates together, while it is unexpected that China Central Bank has started first.
Experts: To cut the Rates once again this year
The central bank announced last night that, this is the third time this year to cut interest rates. Analysts pointed out that the growth rate of Chinese economy has fallen down in third quarter, which is unexpected, showing that it is at the risk to land hard for the economy, so that it is in expectation to cut interest rates for the central bank.
Cutting Interest Rates in China, to keep abreast of the Global Market Rescue
Oct. 30th, 2008, People’s Bank of China decided to cut the benchmark interest rates of RMB deposits and loans in the financial institutions. They have declined the one-year deposit interest rate to 3.60% from 3.87%, falling 0.27%; the one-year benchmark lending rate to 6.66% from 6.93%, falling 0.27%; and other grade deposits, loan interest rates have been adjusted accordingly.
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