China Financial Daily

July 31, 2009

Department of Commerce: poultry products are determined to defend its right to participate in fair competition

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

Department of Commerce: poultry products are determined to defend its right to participate in fair competition
From the Chinese Ministry of Commerce said on the 31st, today the Chinese government on the EU anti-dumping measures fasteners officially launched WTO dispute settlement procedures. The same day, WTO dispute settlement body should request the formal establishment of the Expert Group of China, to hear U.S. move to restrict imports of poultry meat.

By the end of January this year, the EU announced that the screws from China, bolts and other fastener products to levy the maximum 85 percent punitive tariff, which involved more than 700 million U.S. dollars of Chinese goods, and hundreds of thousands of jobs positions.

The spokesman said China’s Ministry of Commerce, the European Union in the case file, investigation and decision process, there are many discrepancies with the WTO rules, the violation of the EU under WTO obligations; ruling lack of impartiality and transparency, undermined the Fastener China 1700 more than the legitimate trade interests of enterprises. The Chinese government expressed strong dissatisfaction and the industry, and stated on many occasions China’s position and concerns, but the bilateral dialogue has not resolved the concerns of the Chinese side.

Ministry of Commerce spokesman also rare “inventory” in the wording of that: since 1979 the EU’s first anti-dumping investigations launched so far, the EU launched three decades China has more than 140 anti-dumping investigation is China anti-dumping investigations initiated by the largest member of the WTO.

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Yunnan 2.5 billion capital investment to help the poor during the year 600,000 poor people to achieve food and clothing

Filed under: Financial News — Tags: — lily @ 12:41 pm -0700

Yunnan 2.5 billion capital investment to help the poor during the year 600,000 poor people to achieve food and clothing
Poverty Alleviation Office of Yunnan Province to the media briefing today said that the province this year, farmers in poverty-stricken areas and strive to make the per capita net income and per capita food production is higher than the increase in the average level of the province to ensure that the settlement and the consolidation of food and clothing for 600,000 poor people in the realization of the project investment is expected to up to 2.5 billion yuan.

According to Yang, deputy director of Yunnan aohui, the entire village of Yunnan Province, will promote poverty alleviation, the development of poverty alleviation in different places, the training of labor force in 2009 as a government do for the people of the province’s focus on practical and focus on the important 20 inspectors working one. As of June 30 this year, the village has been completed by 1150 to promote the construction of the entire village; poverty alleviation and development project in different places 5798, the transfer of nearly 25,000 people resettled; the completion of the transfer of labor the training of nearly 260,000 people.

This year, the state poverty standard adjusted to 1196 yuan per capita, the Yunnan 5,550,000 people now living under the poverty population, accounting for 13.9 percent nationwide. It is understood that most of the poverty-stricken population in Yunnan Province in the poor living environment, a complex, social development lagging behind the level of the mountain, in ethnic minority areas, border line, the old revolutionary base areas and other places, and the complex factors to the poor.

“To this end, Yunnan Province, has further increased the focus on poverty alleviation and development work in the county, the old revolutionary base areas, border areas of national poverty alleviation and development efforts.” Said Yang Chao-hui, and strive to achieve the end of this year to promote the village the whole village of 10,000 tasks, 60,000 can not survive the completion of poverty the relocation of population in different places, at the same time to cultivate industry as the focus of poverty alleviation and development, and enhance capacity for self-development in poor areas, poverty alleviation and development efforts to achieve a land party to the masses poverty.

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Showed orders for the supply chain will be able to finance loans to resolve difficulties in financing small and medium-sized

Filed under: Financial News — Tags: — lily @ 12:40 pm -0700

Showed orders for the supply chain will be able to finance loans to resolve difficulties in financing small and medium-sized
Recently, Chongqing and Shenzhen Development Bank signed a 30 billion yuan of credit support, the greatest feature of the credit support is that enterprises need to provide bank orders, will be able to get the loan in full in order to protect the enterprises in the circulation funding chain.

“This is the concept of 30 billion is a big concept, may be 30 billion, may also be far more than 30 billion.” Shenzhen Development Bank said Xiao Suining.

By the global financial crisis, a large number of small and medium enterprises in Chongqing funding gaps have emerged, some enterprises in the course of business the market has established sales channels, but because of the existence of funding gaps, so that raw material procurement, logistics business hard, and the credit cooperative, enterprises need to provide bank orders, will be able to receive full credit.

“For instance, large contracts, production or sales of matching the contract, for example, the sales contract for the steel, got the project, which called ’supply chain finance’, that is to say, the logistics are down, and the cash flow is to on, through the cash flow throughout the entire transaction process, so to resolve the issue of its funding chain. “Chongqing branch of Shenzhen Development Bank assistant governor, said Huang.

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