China Financial Daily

December 11, 2009

November CPI is expected to positive inflation is expected to heat up

Filed under: Financial News — Tags: , — Nancy @ 11:45 am -0800

November CPI is expected to positive inflation is expected to heat up
National Bureau of Statistics announced today that in November will be macroeconomic data. Widely expected to 9 months in a row of negative growth, CPI will be held in November to positive. At the same time, PPI will continue to fall year on year substantially narrowed. Domestic inflation is expected to heat up.

Based on the current institutions predict that outcome, in November CPI will rise 0.4 to 0.8% range. Among them, congenial Gu days maximum value of the CPI forecast that the year will grow 8%. For the PPI, agencies that would be between -1.2% to -2.5%. Among them, Shenyin that the decline will be narrowed to -1.2%.

It is understood that the base effect and rising prices is to promote the November CPI regularized the main reason. In November of this year, most of the country there have been cooling and rain and snow, causing a sharp rise in food prices fluctuate. According to the Ministry of Commerce of the monitoring shows that November 9 to 29 consecutive weeks, 36 cities focus on monitoring the consumption of agricultural market prices continued to rise, the extent of 0.6%, 1.3% and 1%. Affected by seasonal factors, pork, eggs, vegetable prices rose has a different magnitude.

Goldman Sachs predicts the November CPI year on year growth is likely to rise to 0.6% on a seasonally adjusted annual rate of chain folding in October from 2.9% to 6.3%. Rise in the rate of inflation is mainly due to heavy snow led to disaster, as well as vegetable production and transportation difficulties so as to drive up food prices.

Galaxy Securities, said the macroeconomic research fellow Hall-ming, and now are in various domestic demand rebounded in November year on year CPI should be able to reach 0.7%. However, he also said that this also shows that the problem of inflation starting to show.

In addition, as international commodity prices show sustained upward trend, the domestic November 9 once raise prices of refined oil, PPI will be accelerated to positive. Goldman Sachs is expected in November PPI of -2.7%, down narrow, on a seasonally adjusted chain will rise to 8%.

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December 10, 2009

China’s current per capita carbon emission is only one-fifth of the United States

Filed under: Financial News — Tags: , , , — Nancy @ 4:59 am -0800

China’s current per capita carbon emission is only one-fifth of the United States
Is attending the UN Climate Change Conference in Copenhagen in China, deputy director of the National Population and Family Planning Commission Zhao Baige 9 in an interview with Xinhua, said that climate change is not only carbon dioxide emissions, but also involves political, economic, social, and cultural and many other developments in the field, so must take an integral and integrated approach to control and resolve the matter of the future of humanity a big problem.

Zhao said that this is China in this conference on climate change is an important position, but also China’s first world conference in such an explicit proposal to co-ordinate a comprehensive solution to climate change issues important propositions. She said that the population growth and climate change are closely related. The Chinese Government has adopted various ways to strengthen population management, lower fertility rates. China’s total fertility rate has dropped 30 years ago and 5.8 for the current 1.8, which means that China in the past 30 years, was born 400 million fewer people, according to the current carbon dioxide emissions by 4.57 tons per capita terms, China is now an annual reduction of 18.3 billion tons of carbon dioxide emissions. On a per capita basis, China’s current carbon dioxide emissions is only one-fifth of the United States and Great Britain half.

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China-US fierce battle in Copenhagen, to deeply reflect on the United States

Filed under: Financial News — Tags: , , , — Nancy @ 4:53 am -0800

China-US fierce battle in Copenhagen, to deeply reflect on the United States
Day 9th, in the Danish capital Copenhagen United Nations Climate Change Conference venue, the Chinese negotiators to the United States to claim a straight-style criticism of the United States has repeatedly “sharp” response to China’s stance and refused to provide China with weather financial assistance. Low profile in the media has always been the concern of China. The Associated Press said the United States launched in Copenhagen, “the fierce battle.”
Video: Climate Summit in China on behalf of the sharp language media sources said that the United States should reflect on: the Oriental TV “Global News Station”

According to foreign media reports, China and the U.S. representative on the 9th diametrically opposed on the issue of greenhouse gas emissions. The United States first asked China to its own emission reduction commitments into international agreements. However, the Chinese side said it would insist on their positions. At the same time, China accused the United States and other rich countries in addressing the issue of climate change, a lack of sincerity, urged the United States a “soul-searching.” And later released on behalf of the United States sharply worded statement, saying “the U.S. will not provide China with climate aid” will not be for the United States and other developed countries in history, compensation for emissions, it would not join the “Kyoto Protocol” or other name named after a similar agreement.

December 9, according to the Associated Press reported that U.S. climate negotiator Todd – Stern on the day of the General Assembly urged the United States respond to China’s increase in emissions of the position, and urged China to fulfill its commitments to reduce greenhouse gas emissions, will be their commitments into the international climate change agreement. U.S. Fox News quoted Stern as saying that the U.S. recognizes their own emissions increased since 1990, but the emissions “a significant increase is China.” China’s emission reduction commitments made in November cause for optimism, but “far from enough.” He said China “should not just declare these commitments in the country, but also that they should be included in international agreements.” He said China has made no “real” commitment to the Copenhagen Conference were unable to reach any agreement. Indeed, China and the United States at different stages of development, but “emissions, emissions,” China must cut emissions. He also called on China to reduce emissions of the specific practices and transparent.

Regard to the U.S. stand, the Chinese Foreign Ministry Special Representative for climate talks in Qingtai be a resolute counterattacks. According to the Associated Press, Yu Qingtai first refusal on behalf of the request of the United States, and then attacking the United States failed to fulfill financial assistance to developing countries to reduce greenhouse gas emissions. Yu said the United States must be “a profound self-examination.” Agence France-Presse quoted the statement in Qingtai said, “As long as you weigh their commitments and the actions taken so far, you will find the meantime there is a huge gap.” Demand for developing countries received 300 billion U.S. dollars Climate aid, Yu said, this is not “welfare work”, but the developed countries in the current international agreement should be followed under the “legal duty.” He said: “In the climate change issue, we have no shortage of legal texts, but the sincerity of action.” He also said that the developed countries including the United States are trying to developed and developing countries, in essence, There are differentiated responsibilities “fuzzy.”

The United States in November announced its own emission reduction plans, said it would in 2005 based on the reduction of 17%. China believes that the U.S. commitment to the requirements of developed countries and developing countries far away.

According to British “Financial Times” reported on the 9th, Stern said in a statement also refused to provide China with weather financial assistance. He said that China has enough money to cope with climate change, the United States should give money to countries most in need. He also strongly denied that the United States and other developed countries should be compensated in the history of emissions. As with the provisions of the rich countries to cut emissions under a mandatory constraints, poorer countries do not have to take enforcement action the principle of “Kyoto Protocol”, Stern said the U.S. would not join, it would not join a different name for similar agreements.

On climate during the General Assembly, the British “Guardian” Exposure of a shocked and angry to many developing countries, Europe and the U.S. “Climate secret.” This is called “Denmark” Draft document by a number from the United Kingdom, the United States and Denmark and other countries were prepared to try to force developing countries in carrying through an agreement beneficial to the developed countries. Developing countries noted that this practice after the expression of strong dissatisfaction. “77″ climate summit on behalf of Lumumba – Diya Ping criticized the draft of the summit successful “constitute a threat” and “unacceptable.”

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