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July 31, 2009

2009 fiscal revenue target difficult to complete long-term growth for short-term imbalance

Filed under: Financial News — Tags: — lily @ 12:45 pm -0700

2009 fiscal revenue target difficult to complete long-term growth for short-term imbalance
On the one hand, the slow growth of fiscal revenue, on the one hand, a positive financial result in the enormous expenditure of the Ministry of Finance in 2009 is undoubtedly the most to worry about one of the State Council ministries and commissions, the beginning of the year 950 billion budget deficit arrangements can play live?

July 28, the National Development and Reform Commission, the financial economy Liu, deputy director of research at a meeting issued a measured data, that the annual budget revenue target difficult to achieve, without taking into account the circumstances to strengthen the collection and management, the annual financial income may increase 5.7%. The estimated proportion of GDP accounted for a deficit of about 3.5% to about about 1.1 trillion yuan.

Liu personally think that: “the basis for economic recovery is not strong, and some preliminary policy will have some constraints, so the whole year without taking into account revenue collection and management, such as strengthening the case of man-made factors, the completion of the budget more difficult, especially is the central finance. ”

Despite the potential to expand the budget deficit, but Liu is showing a lot of optimism, she believes that there is no need to fully adhere to GDP ratio of 3% of the provisions of the budget deficit, and tolerance to deal with the deficit should be the rate of rise to the imbalance between short-term fiscal policy at an early date in exchange for economic predicament.

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Hubei, China Guangdong Nuclear Power Group and co-operation to speed up the preparations for the first inland nuclear power plant

Filed under: Financial News — Tags: — lily @ 12:44 pm -0700

Hubei, China Guangdong Nuclear Power Group and co-operation to speed up the preparations for the first inland nuclear power plant
The afternoon of July 31, China Guangdong Nuclear Power Group Co., Ltd. (China Guangdong Nuclear Power Group) and the State Nuclear Power Technology Co., Ltd., China Shipbuilding [89.32 10.00%] Industry Group in Wuhan, central business co-operation agreement signed on the AP1000. At the same time, Hubei Province, the Government and the China Guangdong Nuclear Power Group also signed an agreement to speed up the follow-up to promote the building of nuclear power projects in Hubei. China’s Sun Qin, deputy director of Bureau of Energy, the Standing Committee of the CPC Hubei Provincial Committee, executive vice governor?Ϝɺ, attended the signing ceremony.

Under the agreement, China Guangdong Nuclear Power Group Hubei Xianning nuclear power projects will be applied to the construction of the first AP1000 nuclear power projects inland. Play to their strengths and actively participate in the digestion and absorption of AP1000 technology, project construction and development of large-scale advanced pressurized water reactors, and jointly promote China’s third-generation nuclear power technology independent and scale of the formation of brand building. China Guangdong Nuclear Power Group commitment to rely on nuclear power projects Xianning to Wu-owned China Shipbuilding Heavy Industry Group, Wuhan Yangluo boat base Shuangliu based AP1000 nuclear power projects to promote the production and manufacture of modules, and strive to build a base Shuangliu inland China the importance of nuclear power equipment manufacturing base.

According to meeting minutes, Hubei Province, Hubei government will as soon as possible long-term development plan of nuclear power, China Guangdong Nuclear Power Group will be standardized, large-scale, professional manner in Hubei Province, the territory of co-ordinating the development of nuclear power projects, construction; Hubei local governments at all levels will actively cooperate with the China Guangdong Nuclear Power Group to do a good job related to the protection of the site for the nuclear power plant in Hubei province of the orderly and healthy development and lay a solid foundation. At the same time, China Guangdong Nuclear Power Group to further expand the nuclear power equipment manufacturing enterprises in Hubei Province share, and actively promote enterprises in Hubei Province of nuclear power within the field of conditional.

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Reduction of the State Council, the deployment of energy-saving work: to promote resource product prices change

Filed under: Financial News — Tags: — lily @ 12:43 pm -0700

Reduction of the State Council, the deployment of energy-saving work: to promote resource product prices change
The Chinese government news network, the State Council General Office recently issued the “energy-saving emission reduction in 2009 the organization of work”, requiring all localities and departments conscientiously implemented.

“Arrangement” that “Eleventh Five-Year” three years ago, the National unit GDP energy consumption fell by 10.1% cumulative, sulfur dioxide and chemical oxygen demand emissions dropped by a total of 8.95% and 6.61%, but the “Eleventh Five-Year” energy-saving goals progress still lags behind the completion schedule. This year is the realization of energy-saving emission reduction targets for the year of decisive significance, it is necessary to ensure the completion of the progress of energy-saving emission reduction targets and the “Eleventh Five-Year Plan” to implement the progress of synchronization.

“Arrangement”, strengthen the responsibility of assessment objectives. Provincial government on energy-saving emission reduction targets last year, on-site evaluation of the completion of assessment, evaluation of examination results to the notice, the implementation of incentive measures, the implementation of strict accountability.

In accordance with “arrangements”, through the implementation of ten key energy conservation projects, to form this year, 75 million tons of standard coal in energy-saving capacity; the implementation of “energy-saving products Waste Management Project” energy efficiency rating of 1 or 2 or more energy efficient air conditioners, refrigerators, etc. 10 largest category of products, through the promotion of efforts to increase financial subsidies; the promotion of 120 million energy-saving lamps; support in Beijing, Shanghai and other cities in 13 energy-saving and new energy vehicle demonstration pilot. 36 major cities in the country basically achieved all of the collection of sewage treatment; new coal-fired power plant flue gas desulphurization facilities for more than 50 million kilowatts.

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