Occurred in central of Chile, earthquake measured 5.5 on the Richter
Xinhua in San Diego on May 8th (Xinhua Zhao Gai) seismic monitoring network to monitor the University of Chile showed that Central region of Chile, at 9:44 on 8th (21:44 GMT) of local time occured the Richter 5.5 earthquake. The earthquake caused no casualties or property damage.
Chile had a slight increase of exports of aquatic products
Chilean National Fisheries Institute figures show that the country from January 2008 to August, export value of fish and fishery products were for the 1.1 billion 15 million U.S. dollars, representing a 4.8 percent increase over the same period of the previous year. In 2008 in first 8-month export volume reduced by 12.5% over the previous year, as 645,000 tons. In the surface of south Pacific fish production decreased by 15.1 percent, only catched in the North remained stable. Fishmeal gross sales in August were 376.6 million U.S. dollars only, representing a decrease of 10.2%.
German media: in world export champion war, Germany beat China
Over the years Germany who has been the world champion of top export, in 2008, once again encountered strong offensive from China which rival catched up. Coupled with the latest data which the Federal Bureau of Statistics released, in November last year, Germany’s export trade declined, compared to the same period last year, 11.8 percent, as a highest record in 15 years. German industry is also facing a substantial reduction in orders plight. Nevertheless, Germany still has a slight advantage to keep the export world champion in the world.
Chile announced four billion U.S. dollars of fiscal stimulus plan to deal with financial crisis
Chilean President Michelle Bachelet on local time, Monday announced a four billion U.S. dollars’ fiscal stimulus plan to ward off the impact of the global financial crisis and strengthen the construction of infrastructure of public expenditure, and publish the amount of subsidy.
Michelle Bachelet said that the actual public expenditure in 2009 will increase 10.7 percent, which suggested the deficit this year will be equivalent to 2.9% of the gross domestic product (GDP). He also said that the scheme would lay the groundwork to achieve 2-3% GDP growth rate.
In Chile, the unemployment rate rose to 7.5 percent
Chilean officials said that by the end of November, 2008, Chile’s unemployment rate rose to 7.5 percent, mainly due to the global financial crisis dealt a blow to small and medium-sized loan.
Finance Minister Andres Velasco said that the worldwide economic crisis so far gave little impact on unemployment in Chile, but he warned that there may be large-scale layoffs in April in Chile.
Presidential Commission will advise to expand the public expenditure and provide assistance to small and medium enterprises, so as to avoid a large number of unemployed workers in January.
Copyright © 2009 ChinaFinancialDaily.com; Powered by WordPress
Translate (most links are in Chinese)