Research institutions in the second quarter is expected to publish a report of China’s economic growth rate or close to 8%
Goldman Sachs Asia and Beijing Gao Hua Securities Company yesterday issued a report on China’s macro-economic research. The report predicts that the second quarter of year-on-year growth rate of China’s GDP will rise to the level of close to 8%, June’s CPI and PPI chain growth will occur in August last year for the first time when at the same time.
Although not yet released the official second quarter GDP and the economic data in June, but the latest release of the report, in June China’s economic activity data will generally show strong growth in the ring than expected throughout the second quarter year-on-year growth rate of GDP about 7.8%. China’s macro-economist at Goldman Sachs Asia Song believes that the growth rate was significantly higher than previously forecast 7.0 percent economic growth in the second quarter.
The report is expected in June year-on-year growth rate of China’s industrial added value in May from 8.9% to about 10%; single-month growth rate of investment in fixed assets will also benefit from the same period last year in May rose to 38.7 percent of 42 percent.
The report is expected in June for the new RMB loans from 1.5 to 1,600,000,000,000 yuan or so, only slightly lower than March’s 1.9 trillion yuan at the highest level in history.
Wang Qishan will visit Japan in early June to attend the China-Japan economic high-level dialogue
Foreign Ministry spokesman announced that the second China-Japan economic high-level dialogue will be held June 7, held in Tokyo, Japan.
Second Sino-Japanese economic high-level dialogue meeting will be held June 7, held in Tokyo, Japan. Chinese Vice Premier Wang Qishan and Japanese Foreign Minister Hirofumi Nakasone will be co-chaired the dialogue, the two government ministers and senior officials will participate. Wang Qishan, who is also China’s Vice Premier in charge of finance after the first visit to Japan.
China-Japan high-level economic dialogue mechanism between China and Japan to coordinate government policy and the bilateral economic co-operation established between China and Japan is currently the highest-level dialogue mechanism.
April 2007, the then Japanese Prime Minister Shinzo Abe and Chinese Premier Wen Jiabao held on the economic high-level dialogue between the two countries reached a consensus. The first dialogue in December 2007 in Beijing. The two sides have been interested in the autumn of 2008 a second dialogue, but because of schedule and China’s domestic economy and Japan-related meetings during the overlap budgeting, coupled with years of Japanese House of Representatives election held in the prevalence of speculation, the dialogue has been postponed.
German Finance Ministry denied that the Government in mid-February to determine the new banking rescue plan
The spokesman of German Finance Ministry, Stefan Olbermann denied the report that in mid-February the Government to identify new banking rescue plan and the establishment of the so-called “bad bank”. The spokesman said that the Government did not consider the establishment of a bad bank, because the Government would not allow the incident to re-occurre of taxpayers to bear the loss; the Government still believed that the existing tools were adequate for the financial industry to provide effective support.
ＲＷＩ: the stimulus plan of German government will effectively stop the economic recession
Xinhua in Frankfurt on January 22nd: German RWI – the famous economic research institute on 22nd said the second economic stimulus plan of German government will be able to obviously inhibit the current economic recession. According to the calculations of RWI, the economic stimulus plan of German government will play an active role, so that in 2009 Germany economic growth rate would increased by 0.5 percentage points, at the same time would create 125,000 jobs. RWI also said that the government stimulus plan in 2010 would add 267,000 jobs.
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