China Financial Daily

December 13, 2009

Copenhagen expected to enter the core of the discussion by showing

Filed under: Financial News — Tags: , — Nancy @ 11:24 am -0800

Copenhagen expected to enter the core of the discussion by showing
13, the Copenhagen Climate Change Conference recess one day, which also marks the first phase of the General Assembly has ended. Since the opening of the meeting on the 7th since the representatives of the parties from the initial display of expectations, the subsequent viewpoints, and gradually into the core of the draft agreement under discussion.

“United Nations Framework Convention on Climate Change,” de Boer, Executive Secretary of the General Assembly who will be divided into three stages of the Copenhagen, the protagonist are the negotiators, ministers and government leaders. Now, the ministers have arrived over the weekend. People are looking forward to showing them in the previous stage expectations and viewpoints on the basis of a variety of substantive issues agreed upon in order to government leaders on the final word in the final summit.

Expect a higher unity of purpose

In the General Assembly, the first two days, delegates focused on the utilization of conference speeches and press conferences, etc. opportunity to explain one’s own expectations of the meeting. In general, most countries have hope that this meeting be able to reach a long-term binding agreements. However, this does not include the United States.

De Boer at the opening ceremony, said that the contents of the agreement should include the mitigation of climate change, adaptation to climate change, capital, technology, protection of forests and capacity-building etc., but also should “at the end of the session the same day to allow immediate implementation of the action . ”

The unanimous support of the developing countries this goal, and put forward the details of their expectations. Behalf of the African countries of Algeria, diplomats Jiemu Eika Kamal, said the agreement should provide new, additional, sustainable and predictable financial and technical support. Association of Southeast Asian Nations is also a statement that the new agreement should provide for long-term operational goals.

Holds the rotating EU presidency Yaska Swedish Environment Minister Andreas Hallgren also said that should be reached in Copenhagen, “a legally binding agreement” and “contains” Kyoto Protocol “all essential elements.”

Only the United States representatives have repeatedly on various occasions that it is necessary in Copenhagen to reach a “legal instruments” very difficult, outcome is more likely to be “political declaration.” The United States withdrew from the international community to address climate change are legally binding agreements “Kyoto Protocol”, its Special Envoy for Climate Change, Todd Stern also reiterated: “We certainly would not return to the” Kyoto Protocol “.”

Senior diplomats from the Sudan Ibrahim on behalf of the “Group of 77 and China,” speech that Copenhagen can not be only one similar to “political declaration” result, but should the emission reduction targets for developed countries and financial support to make specific provisions. Signed two years ago, “Bali road map” has long been made for the Copenhagen meeting such a clear plan, the meeting will now all have to do is the “Bali road map” fully implement the provisions.

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December 11, 2009

The world’s people can not eat vitamin C excess capacity or bring about social problems

Filed under: Financial News — Tags: , , — Nancy @ 12:09 pm -0800

The world’s people can not eat vitamin C excess capacity or bring about social problems
Vitamin C industry, if the situation continues, China’s production capacity will exceed the C-dimensional global demand, nearly one-fold. It is reported that over 80% of the world’s vitamin C production in China, so the price of vitamin C the right to speak lies in our hands, but the current production capacity has exceeded the global aggregate demand, vitamin C industry still in the continually expanding the current National Development Reform Commission and the Public letter to the Department is developing policies to improve access threshold.

It is reported that dimension C is mainly used for medicine, the field of food and additives. I have made to the current share of global production capacity more than 80%, and exceeds global demand by 20%.

At present production capacity has exceeded global demand for

China-dimensional C has been able to share much of the world market share, has a high market right to speak, mainly due to the high degree of industrial concentration, installation of large scale and advanced technology. China’s pharmaceutical industry, vitamin C can be described as a miracle, it allows Chinese medicine (600,056, stock bar) industry for the first time to master the world’s pricing power.

Victoria C is also our small number of the international financial crisis has not been the industry, this two-year price of vitamin C, although the ups and downs, but the overall trend is gratifying, especially in limiting the production of several giant and protect the price after the second half, prices have continued to maintain a rise in C-dimensional trend. Which is to attract funds have entered the vitamin C industry, the main reason.

Recently, the National Development and Reform Commission and the Public Ministry of the letter C industry, specifically to Victoria conducted a field investigation found that in recent years, some local governments and enterprises, illegal approval and construction of new capacity-dimensional C projects have been built, under construction and the proposed Victoria C total production capacity of more than 80,000 tons is expected by the end of 2010-dimensional C production capacity of close to 18 million tons in 2012 more than 20 million tons, production capacity growth rate is much higher than demand growth. If the situation continues, China’s production capacity will exceed the C-dimensional global demand, nearly one-fold.

Excess capacity will lead to social problems

“In fact, vitamin C has always been restrictive investment projects, in addition to capacity for this reason, the environmental protection is also a big problem. Vitamin C is a high-polluting industries, the state every year to improve the industry’s environmental standards. That the Victoria C production has continued to increase, may be some local governments in order to Investment in environmental issues to these companies given the green light. “1 do not want to be named, said the Northeast Pharmaceutical stakeholders.

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The RMB exchange rate is not the main points of the global rebalancing

Filed under: Financial News — Tags: , — Nancy @ 12:05 pm -0800

The RMB exchange rate is not the main points of the global rebalancing
Zhu Min, vice president of Bank of attending a forum yesterday, said —

According to the Beijing Youth Daily News While many countries put pressure on the RMB exchange rate, but China’s own stand. Yesterday, central bank vice governor, said Zhu Min, a forum, the RMB exchange rate is not a rebalancing of global trade points. That the RMB will continue to adhere to a floating mechanism to adjust according to actual conditions.

The meeting discussed, the United States Embassy in China Finance Commissioner David – Tao Qin pointed out that China is currently the main problems is to increase consumption, while ensuring stronger yuan exchange rate will help to promote consumption.

Zhu Min, said response from the RMB exchange rate is not a rebalancing of global trade points. He said that the global experts, politicians, officials have reached a consensus, then a balance point is the United States and other countries re-consumption, investment and other relations. While China’s exports is still in decline, to domestic production and employment market has brought a lot of pressure. In this sense, China has good reason to allow the RMB to depreciate rather than appreciate, but we maintained a policy of stability, which also play an active role in the global economic recovery.

Zhu Min also pointed out that over the past decade, U.S. consumption-GDP ratio from 67% to 71%, an increase of 4% have driven the world economy. The financial crisis, this percentage dropped to 68%, the U.S. consumer is no longer the driving force of the global economy. On the contrary, China’s strong growth in consumption in recent years, annual growth rate of between 13% -15%, and this year’s annual growth rate will reach 17%, is the world’s fastest-growing consumption, one of the regions.

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