China Financial Daily

November 7, 2008

Financial Crisis Influence in Chinese City

Filed under: Financial News — Tags: — kinpoo @ 9:40 am -0800

“Layoff List” haunted around the White-collar Workers in Shanghai
The global financial crisis caused by the USA financial tuimoil seems to have a very subtle impact on many white-collar workers’ normal life in Shanghai. Recently, a layoff list including many large and medium-sized and state-owned or private enterprises has been widely spread in the white-collar workers in Shanghai, through the enterprise-mail.

Loose Gasoline Prices in Shandong
When the international oil prices continued to fall, domestic oil saled no-thrivingly and be ready to decline, the oil and gas station in Zibo became the first one “eating the crabs”. From the beginning of this month, the gas stations owned this company declined the liter oil price on average 0.06 yuan.

The Key for China: Narrowing the Gap between Urban and Rural Areas
Today, the published article in “China Information” pointed out that the key, for China to deal with the economic crisis is to raise the farmers’ income quickly, narrow the gap between urban and rural area, and expand the rural people’s consumption.

USA and China General Chamber of Commerce would assist the US-China-funded enterprises to tide over the crisis
The new president of USA and China General Chamber of Commerce, the general manager of China Bank Li Xiaojing said on 6th, during US economy recession period, the Chinese-funded enterprises may be faced with many difficulties and challenges, so that the association will assist those enterprises in transition over the economic crisis.

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