Premier Wen Jiabao’s Speech on 2009 Summer Davos forum about opposing trade protectionism
Wen Jiabao calls for opposing the trade protectionism
News on September 10: Chinese Premier Wen Jiabao on the 10th recommends each country should take a long-term look, and broad the mind. Moreover, Wen Jiabao also puts forward four proposals: to jointly cope with global climate change together, to jointly oppose protectionism in trade and investment, to jointly promote the sustainable recovery of the global economy, to jointly protect the intellectual property.
On the 2009 Summer Davos forum, Wen Jiabao warns that the protectionism only drags on the world economic recovery, the ultimate victims are the companies and people of each country. The impact of the international financial crisis is far from eliminated, the world’s determination to oppose protectionism can not be shaken, action should not be relaxed. We must guard against and correct all kinds of hidden protectionism.
China’s economy can keep continous growth under the financial crisis
Economist Predicts: China’s economy may keep 8% growth for two years
News on September 5:China’s economy is now experiencing a “V” shape recovery and the growth rate may reach 8% both in this year and next year, said Chinese economist Fan Gang on Saturday.
Fan Gang, a monetary policy adviser of China’s central bank, said at the 2009 annual conference of CEO in Beijing, that China’s economy will see a sustainable recovery and will be back to normal in 2011,according to a report from China News Service.
He predicted that the real estate investment would increase by 30% approximately in 2010, which would add one percentage point to economic growth.
Corporate investment is expected to grow prominently next year and as the global trade is warming up, Chinese export, which still enjoys the cost advantage, will recover.
Fan Gang said people should adjust their expectation of economic growth and not regard recovery simply as a double-digit growth. A growth grate of 8 percent to 9 percent is sustainable growth.
Chinese Real Estate market and Housing Prices in August, 2009
Housing prices in China rose 2% in August
News on September 10: According to figures from the National Bureau of Statistics Thursday, the housing prices in 70 China’s large and medium-sized cities rose 2% in August 2009 compared with the same month last year, .
The prices advanced 0.9% from July, when housing prices rose 1.0% from the same month last year. Prices of new houses in August rose 1.5% from the same month last year, and 1.1% from July. The growth rate was 1.2 percentage points higher than that of July.
Housing prices in certain cities, including Ningbo in the east,and Yinchuan and Xining in the northwest, rose more quickly than that of other cities. August prices in the three named cities rose respectively 7.4 percent, 6.8 percent, and 4.9 percent from the same month last year.
In August, prices of second-hand houses in the 70 cities rose 3.6 percent compared with the same month in the previous year, and 0.6% from July.
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