China Financial Daily

October 7, 2008

World Financial Crisis Effect on China

Filed under: Financial News — Tags: , , , — Nancy @ 11:43 am -0700

In World financial crisis, will China become the winner?
The global crisis is an indirect effect; when Western countries are busy enough with their own affairs, they will inevitably reduce the interrupt Chinese democracy and human rights. Therefore, the external pressure on hastening China to change has reduced, so China could focus the energy on solving the interior pressure to promote its own reform. If China could laugh in the end, China will be a true winner.

The Great Wall of Chinese Finance blocks off US Financial Crisis
Financial crisis in United States shook the world. As the largest creditor nation of America, China even stood in the breach. For a long time, American large budget deficits are mainly getting the support from China.

Continuous Deterioration of Financial Crisis, could China be an Exception?
In this financial crisis, the effort of the United States saving the market ultimately got the support from China. Therefore, China will be the important force to decide future financial structure in the world.

China should cope with Financial Crisis by increasing Domestic Demand
Lin Yifu, senior vice president of the World Bank believes that the current financial crisis has relatively small impact on China. However, the slowdown US economy will impact on the export of China.

Financial Crisis makes China grow up rapid, China epoch is coming
In any case, China all could strive to maintain double-digit economic growth. Therefore, the economists believe that in this financial crisis, China is like to become the great power of economy, so Chinese era is coming.

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October 4, 2008

U.S. Fargo Bank, Wachovia Bank and Citibank

Filed under: Financial News — Tags: , , , , — Nancy @ 8:58 am -0700

U.S. Fargo Bank snaps up Wachovia Bank from Citibank
In addition to relying on the government aid, some troubled commercial banks also tried their best to strive for “self-help”.

Two New Real Estates’ Pariticipation in Wuhan setting off a Price War 
Around with the large noise of sales, the two super real estates of Wuhan will enter markets, which may increase the pressure of house sales.

“BaoBo Day” of Chinese and Burmese
The eighth BaoBo Day carried out many various carnaval activities on the 4th. Three-day Carnaval includes not only the national costume contest, ox-cart and colour cart contest, splashing carnaval and so on.

other news:

Bank of China: China has drawn up Plans to deal with the Financial Crisis in U.S.
Today Chinese central bank spokeman said that, the central bank and regulatory authorities have drawn up various plans to avoid and reduce the financial crisis’s effects.

Beijing “green threshold” made the Minimum Data of Million GDP Energy Consumption
Through the clean production, every mouth the company can save 41.1 thousand tons of clean water. That is to say every year they can save 500 thousand tons, same as to provide 8000 citizens for clean water every year.

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