China Financial Daily

December 29, 2008

Deepening financial crisis

Filed under: Financial News — Tags: — Nancy @ 11:09 am -0800

The United Nations said that due to the deepening financial crisis next year 1 billion peoples would go hungry
BEIJING, on Dec. 29th, according to Xinhua in Hong Kong, “Wen Wei Po” on 29th quoted foreign reports, although Western countries promised to take measures to help solve the problem of hunger, the global number of hungry people was still growing at an alarming rate. A few days ago the United Nations said that with the deepening financial crisis, next year would be the first time in human history up to 10 million people suffer from hunger because of food shortage.

Beijing University funds in the crisis-affected and school principal said to do a good job in saving
Yesterday, Beijing University’s China strategy Center held “the financial crisis, expanding domestic demand and China’s economic strategy forum”, and the president of Peking University, Zhou Qifeng, Academy of Sciences said after his office he participated in the first meeting of large-scale fund-raising meeting, but the enterprises who sponsored themselves also had difficulties. “Who had pledged to contribute to the Beijing University, the enterprises said they would abide by the commitment, but it would take time.”

Nearly 90 percent of UK consumers planed to cut spending in the new year
Xinhua in London on December 28th, in Britain, “The Guardian” and the agency ICM poll published on the same day the survey, which showed that the British are about to enter the year in which year public to cut spending, no security of the work and continued economic recession, so the economic outlook was very bleak. This survey was conducted shortly before Christmas. The results showed that respondents were almost all pessimistic about the future of the British economy, and 86 percent of the respondents planed to cut spending next year.

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December 27, 2008

Financial crisis influence on British economy

Filed under: Financial News — Tags: — Nancy @ 8:37 am -0800

Investigation showed: the financial crisis caused Britain into 405 of real estate brokers unemployment
British “Daily Telegraph” reported on 26th sites that this survey done by the British National Association of Realtors consultant Rosalind Renshaw, showed that Britain’s national real estate agents from last summer’s total of about 8 million down to 4.8 millionĀ  on Christmas. At the same time, about 4000 or a quarter ofthe real estate agency into the collapse. This not only caused unemployment of Realtors, but also valuers, negotiators, managers and security consultants.

The financial crisis caused the British economy in trouble
With the continued development of the international financial crisis, the United Kingdom’s virtual entities were subject to severe economic impact, so the British economy was currently faced with the most serious difficulties in more than half a century. Analysts believed that this round of economic downturn would be a more serious and last longer than previously expected. According to data published by the National Bureau of Statistics, compared with the previous quarter, in the second quarter of this year, Britain’s economic growth rate was zero.

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December 26, 2008

Chinese student abroad in UK under the financial crisis

Filed under: Financial News — Tags: — Nancy @ 12:02 pm -0800

The financial crisis temporarily will not affect Britain’s policy of Chinese students
Xinhua in London on December 24th (Reporter Chen Wenxian) because of the financial crisis, the British economy has entered a recession, so some universities may face a shortage of funds, but it will not change Britain for a number of well-known Chinese university students studying in the relevant Policy, and in order to guarantee the quality of students and the university’s reputation, they will not relax the entry threshold.

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