China Financial Daily

October 19, 2008

Causation and Influence of Financial Crisis

Filed under: Financial News — Tags: , — Nancy @ 6:12 pm -0700

Count the chickens before they are worm and financial crisis
Xinhua in N.Y. on Oct. 18th reported (reporter Wang Jiangang): most think that tha system of American financial supervision is relatively lagging behind without ability of dealing with the new problems of financial system, which is the main reson of  the crisis of U.S.

The Great Depression replayed
The global main center Banks joint to put down the rate. 30 million billion U.S. dollaars will be used to save the market to prevent the repaly of the Great Depression. “This is the best time, and this is the worst time.”

To adjust the configuration of export and pull requirement inside, Yunnan threw itself into the speed-down of global economy
China news agency, Kunming, on October 19 (Reporter Gan Na): in 2008, global economic crisis had a negative impact on developing countries exports’ and economic growth. In recent days, part of experts in Yunnan Province, and scholars and government officials put forward the views and suggestions on the current situation in Yunnan and how to respond.

Korea annouced the plan of 10 million billion U.S. dollars to save the market
Internation online (repoter Zhang Min) reported that: the goverment of Korea on 19th officially annouced the measures of 10 million billion U.S. dollars with the main idea of stabiling the market, enhance of market confidence.

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Securities Market

Filed under: Financial News — Tags: , — Nancy @ 6:06 pm -0700

Taiwan stock market value of in more than one and a half months evaporated more than 9,000 billion because of financial turmoil
By the end of August from the Oct. 17, Taiwan’s stock market value evaporated 9,720 billion yuan (NT, the same below), so the average value of stock investors has shrunk more than 100 million.

Chu Wu-xiang: A shares also have to maintain keep and pressure
School of Economics and Management of Tsinghua University’s Professor of finance: for the stability and development of the A-share market, the Government needs to control the total issue, to adjust the structure of listed companies.

The media and the financial security of Chinese economy in globalization
The tide of economic globalization, the leadership of financial and economic information channel terminal, the initiative of public opinion on the financial events, in a country’s economic decision-making and public investment, have a huge psychological impact.

IMF of China put the investment of much more than 5,400 million U.S. dollars
Just over a year when it set up China’s sovereignty wealth fund – China Investment Co., Ltd. (hereinafter referred to as “cast”) had some quite recent trouble.

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“Chinese Farmers” in the Third Plenary Session of the 17th Central Committee

Filed under: Financial News — Tags: , , — kinpoo @ 10:26 am -0700

Central Document: Realization of the same Treatment between the Migrant Workers and Urban Residents
Xinhua News Agency carried out “CPC Central Committee major decisions to reform and develop the rural construction”. It is pointed out that they should strengthen the protection of the rights and interests of migrant workers.

The basic Medical and Health Services should benefit all the Farmers
The document has been passed by the third plenary session. In the document, the basic medical and health services played an important role in the well-being of the majority of farmers, which must benefit all farmers as soon as possible.

Third Plenum Document gave the Better Land Contract to Farmers
Reported in “CPC Central Committee on rural reform and development of a number of major issues”, it will give farmers more fully and better land contract to operate the existing land contract relationship stable and unchanged for a long time.

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