China Financial Daily

September 9, 2009

China’s Report: Counterfeit RMB and Counterfeit coins

Filed under: Financial News — Tags: — sherry @ 10:01 am -0700

China’s Report: Counterfeit RMB and Counterfeit coins
684 million counterfeit RMB was seized this year , and the small-denomination, such as counterfeit coins have an increase this year.

Today (September 9, 2009), the Ministry of Public Security informed the news media at home and abroad about combating relevant circumstances of counterfeit crime “09 Action” , up to now, they have cracked 1807 cases and smashed up 24 forgery and processing spots.

According to the latest statistics, the Ministry of Public Security decided to start a nationwide 10-month special campaign against counterfeit crime from January 20 this year,so far, a total of 1807 criminal cases involving counterfeit money have been cracked, which was 1.5 times of last year; they seized 684 million counterfeit renminbi, which was 1.7 times of last ; destructions of forgery and processing spots are 24, which was 3 times of last year.

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Coca-Cola Bankruptcy, is it true?

Filed under: Financial News — Tags: , — sherry @ 6:16 am -0700

Coca-Cola Bankruptcy, is it true?
Coca-Cola said that bankruptcy is “totally ridiculous and false rumor”

Will Coca-Cola bankrupt? Recently, an article claims Coca-Cola has already filed for bankruptcy protection, which spread all over the Internet. In response, Coca-Cola China made a statement yesterday, saying it “is a totally ridiculous and false rumor.”

Coca-Cola China relevant principal told reporters, Coca-Cola company’s financial position is very strong. China’s business has double-digit growth for 5 consecutive years. In July this year, Coca-Cola issued latest financial report that a quarter of the recent global growth was 4%; in first half of 2009, net income was more than 3.4 billion U.S. dollars.

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September 8, 2009

Financial Crisis influence on Bulgarian tourism

Filed under: Financial News — Tags: , — sherry @ 9:33 am -0700

Financial Crisis influence on Bulgarian tourism
Financial crisis caused the Bulgarian tourism revenues to reduce by about 15%

News on September 3: Because of the global financial crisis, the number of foreign tourists who go to Bulgaria for travel was significantly reduced, but domestic visitors had been greatly increased, so this summber, Bulgaria tourism revenues reduced by about 15%. It is not satisfactory.

By the financial crisis, a lot of Bulgarian people gave up outbound travel and chose the domestic travel. Statistics show that the number of tourists for domestic travel this summer increased by 50% over the same period the previous year.

In addition, thanks to the relaxation of the Bulgarian entry visa restrictions on Russian citizens, the number of Russian tourists has also increased significantly. Only in July, the number of Russian tourists reached 75 thousand, which increased 12% over the same period last year.

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