Philippines foreign debt fell to 53.5 billion U.S. dollars at the end of the third quarter
According to the Philippines the “Star” reported on December 26, the Philippine central bank said on December 24 that, in the third quarter of this year, Philippines foreign debt has decreased from 54.8 billion to 53.5 billion U.S. dollars, the main reason for that the Philippine government and the private sector speed up debt repayment efforts.
Romanian middle and long-term external debt balance reaches 49 billion euros
National Bank of Romania (BNR) data showed that until October 31, 2008, Romanian middle and long-term external debt balance reaches 49.097 billion euros, which increases 27.7% compared with the volume at the end of 2007. Foreign debt structure continues to improve, while the public guarantee external debt proportion continues to decline.
At the end of September, China external debt rose to 442 billion U.S. dollars
Beijing (XFN-ASIA) – State Administration of Foreign Exchange said Friday that at the end of September, Chinese foreign debt has reached 442 billion U.S. dollars, which was higher than the volume in June with 427.4 billion U.S. dollars, which increased 18.3% compared with the end of 2007.
State Administration of Foreign Exchange claimed that until September, the short-term foreign debt rose to 280 billion U.S. dollars, while at the end of June, there was 265.4 billion U.S. dollars. The short-term external debt is an important indicator of idle fund entry.
China has always tried its best to inhibit the short-term foreign exchange loan to limit the speculative capital inflows.
Review and forecast of Beijing real estate market in 2008 and 2009
In the first half of 2008, Beijing housing prices continued to run high, while in the second half, the prices appear the loose, but in the fourth quarter, the prices have a sharp fall. Excluding the policy housing impact, 2008 residential prices in Beijing are equal to the annual turnover in 2007. In 2009, owing to the recession in the global economy, China also will be suffered, so Beijing will also be impacted.
In 2009, Beijing real estate market may continue the downturn status of 2008, the sales are likely to continue to decline. The development company will cut down the prices to promote the sales volume and return the funds because of the capital pressure. Therefore, in 2009, housing prices are likely to be equal to the prices level at the end of 2008, and perhaps there will continue to decline slightly. However, the big fluctuations are less possibility.
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