China Financial Daily

December 29, 2008

Deepening financial crisis

Filed under: Financial News — Tags: — Nancy @ 11:09 am -0800

The United Nations said that due to the deepening financial crisis next year 1 billion peoples would go hungry
BEIJING, on Dec. 29th, according to Xinhua in Hong Kong, “Wen Wei Po” on 29th quoted foreign reports, although Western countries promised to take measures to help solve the problem of hunger, the global number of hungry people was still growing at an alarming rate. A few days ago the United Nations said that with the deepening financial crisis, next year would be the first time in human history up to 10 million people suffer from hunger because of food shortage.

Beijing University funds in the crisis-affected and school principal said to do a good job in saving
Yesterday, Beijing University’s China strategy Center held “the financial crisis, expanding domestic demand and China’s economic strategy forum”, and the president of Peking University, Zhou Qifeng, Academy of Sciences said after his office he participated in the first meeting of large-scale fund-raising meeting, but the enterprises who sponsored themselves also had difficulties. “Who had pledged to contribute to the Beijing University, the enterprises said they would abide by the commitment, but it would take time.”

Nearly 90 percent of UK consumers planed to cut spending in the new year
Xinhua in London on December 28th, in Britain, “The Guardian” and the agency ICM poll published on the same day the survey, which showed that the British are about to enter the year in which year public to cut spending, no security of the work and continued economic recession, so the economic outlook was very bleak. This survey was conducted shortly before Christmas. The results showed that respondents were almost all pessimistic about the future of the British economy, and 86 percent of the respondents planed to cut spending next year.

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December 28, 2008

Fund and stock market

Filed under: Financial News — Tags: , — Nancy @ 7:42 am -0800

The majority of the executives of listed companies in Sweden are optimistic about the stock market in 2009
According to Sweden “industry day,” from November to December in Sweden 100 listed companies were conducted a sample survey towards the presidents, in which 58 percent of the respondents were optimistic about the stock market next year; half of them expected, Stockholm stock market index next year would be with increase of up to 10-20 percent; 22% of them are more optimistic that the stock market next year would increase more than 20%.

Malpractice and advice of QDII fund  
QDII is a good variety of configurations. Through QDII, we have a bridge to the world market, to share with the world’s economic development. At present, but in fact the QDII fund has not had the effect of global configuration, now on the market a total of 9 QDII fund, set up to remove less than half of global cross-Yin, the schedule for the remaining 8 QDII asset allocation of the situation.

Debt and stock marksts’ performance to be suppressed as well as the funds
This week showed the overall market down as trend. As the market continued to push forward high, its efforts to rebound are challenged increasingly. In the macroeconomic outlook with full of clouds against the background, momentum of the market is very weak. And the market expected at the end of year gradually was drawing to an end this week, and also suppressed the financing which continued to do more on-site power.

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Reform in Cuba

Filed under: Financial News — Tags: — Nancy @ 7:39 am -0800

Raul – Fidel Castro announced that Cuba would set up the Audit Commission of the Republic
Network on December 28th hearing, according to the news from Havana, Cuban President Raul Castro Ruz yesterday announced the establishment of the the Audit Commission of Republic of Cuba as a measure to improve national institutions. Raul Castro Ruz in the closing ceremony of the second regular meeting of the 7th National Assembly of People’s Power (parliament), said the new agency would be part of the Council of State, and assume control and audit functions of the Department now.

“China Newsweek”: the reform of Cuba chose to “return” to Latin America
After the blockade of 46 years from the United States, Cuba return to the Latin American countries between the brothers. In the face of the United States, Latin American countries look forward to become an American hero rather than spectators. Cuban President Raul Castro said that for Cuba it was “the most important historical moment” – December 16th, rotating President of Mexico, President Calderon announced Cuba’s accession to the Rio Group.

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