China Financial Daily

Forward-looking data in May of experts: the economy in the consolidation
Economic indicators in April has not fully warmed up as scheduled next week in May upcoming macroeconomic data will show what kind of “expression”?

Yesterday, the “Daily Economic News” on the macroeconomic forecast in May, the Bank of Communications, Industrial Bank, Shenyin Wanguo, Guotai Junan, Morgan Stanley and UBS Securities economist, conducted a six-finding mission. Survey of six economists agencies generally agreed that in May of some macro-indicators of recovery still does not appear obvious, there will be some data fluctuations; but it is worth is certain is that China is in a consolidation phase of the economy, for the future is to create conditions for further warmer, 6,7 a month may be a more uncertain macro-economic recovery trend.

Financial Secretary of Hong Kong: Hong Kong’s economy the fastest recovery in 2010
According to Hong Kong, “Wen Wei Po” reported that the Financial Secretary of Hong Kong, Mr John Tsang, has recently admitted that Hong Kong is now suffering the worst of times, it is believed that the Administration has put forward a series of relief measures will effectively boost the GDP of this year 2 %, if not the current dramatic changes in the external environment, Hong Kong’s economy the fastest recovery in 2010. However, he reminded investors, the recent sharp rise in the stock market, has little to do with the real economy, it must be careful.

Reported that Mr John C Tsang, a radio interview yesterday, and issued a “Letter to Hong Kong”, explained a new round of relief measures. He was referring to this year, Hong Kong’s annual economic growth of about 5.5 to 6.5 percent negative, but the degree of contraction of our economy and our neighbors and do not have similar economies as serious, and vis-à-vis the Asian financial [2.30 -8.00%] storm period, 6 months in the loss of more than 100,000 jobs compared to the financial tsunami of jobs less than 40,000, quarterly unemployment rate also signs of narrowing, reflecting the financial tsunami the Government launched a series of measures to be effective.

Wang: The world economy has not yet bottomed out full insurance of export share
Member of the Political Bureau of the CPC Central Committee, Vice Premier Wang Qishan on the 25th of Suzhou in Jiangsu Province hosted a forum of foreign trade enterprises. He stressed that the stable growth of external demand for security, security employment, security is crucial to people’s livelihood. To further implement and improve policies, to maintain China’s export market share.

After listening to the foreign trade situation in Jiangsu Province and the business case report, Wang said that the current international financial crisis and world economic recession has not yet bottomed out, a sharp reduction in external demand for China’s economic growth a serious impact.

However, the crisis on China has not changed we are still at an important period of strategic opportunity to determine the basic. To strengthen their confidence, be inspired, AR hearts to their own affairs, the efforts of the “crises” as a “machine.” Enterprises as market entities, to strengthen personnel training and technical reserves, and continuously push forward the scientific and technological innovation, to enhance crisis response and the ability to seize market opportunities.