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Experts predicted that the annual CPI rose 5.5%
04:13, 18/10/2011
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Experts predicted that the annual CPI rose 5.5%
15 experts organized by Tsinghua University in China and the World Economic Forum,
said that the next CPI rise will continue to fall, the estimated annual increase of 5.5%.
China's future economic growth slowdown is inevitable, should slow down the process of
seeking significant progress in economic restructuring.
CPI is expected to continue to fall
Tsinghua University, China and World Economy Research Center, 15 released "China's
Macroeconomic Forecast and Analysis" report (the report) expected future CPI rise will
continue to fall, [url=http://fj.trade2cn.com/special/light/led-light.htm]china led light[/url]to the end of the year will fall to 4.6%, annual increase of 5.5 %, 2.7%
in 2012. The coming years China's economy will continue to face greater pressure, mainly
due to escalating labor costs, and thus the current round of inflation will be sustained,
the next five to ten years there will be between 3% to 5% of moderate inflation situation.
People's Bank of China Monetary Policy Committee, Tsinghua University, China and World
Economy Research Center, David (microblogging) said that with the pre-control policies and
future hikes show the impact of diminishing, future CPI inflation will continue to fall,
policy to control inflation target has been initially achieved. State Information Center
Fan Jianping, director of economic forecasting is expected this year, annual CPI increase
of 5.5%, next year will be reduced to 4%.
Promote the economic structural adjustment
, David said, China's future economic growth is slowing down the trend is irreversible, not
because of a slowdown in the lack of economic momentum, but the growth pattern, the next
step in the economic slowdown to seek a major restructuring progress. Monetary policy will
remain stable, the future of fixed-asset investment growth remained strong. Overall, the
current economic restructuring policies fit the actual requirements.
link:http://fj.trade2cn.com/special/light/led-light.htm
Eurozone September CPI rose 3% in line with expectations
04:13, 18/10/2011
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Eurozone September CPI rose 3% in line with expectations
EU statistics department announced on 14 October, the euro area in September, consumer
prices index (CPI) rose 3%, the chain increased 0.8%, the increase are in line with
previous forecasts.
Earlier, analysts said the euro zone inflation is likely the next few months as a roller
coaster, near the end of the third quarter, most of the growth indicators are that the
entire euro zone [url=http://fj.trade2cn.com/special/light/led-light.htm]led flood light
[/url] economy is showing a strong downward trend.
As the debt crisis in Europe and damaged business confidence, and increase the possibility
of economic recession again, market expectations for ECB rate cut continues to heat up, but
higher inflation may make the European Central Bank into a dilemma.
In early September the European Central Bank maintained the benchmark interest rate
unchanged at 1.50%, Trichet (JeanClaude Trichet) said euro zone inflation in the coming
months may still be significantly higher than the 2% level, the inflation outlook is facing
upside risk to price pressures and suggesting may spread to the salary field.
link:http://fj.trade2cn.com/special/light/led-light.htm
S & P cut Spain's sovereign rating on negative watch Goldman Sachs and other seven lines
04:13, 18/10/2011
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S & P cut Spain's sovereign rating on negative watch Goldman Sachs and other seven lines
October 14, before the markets opened in Asia, first Fitch UBS and three other European
banks, followed by Standard & Poor's cut Spain's sovereign credit rating.
Spain's sovereign rating was lowered, the euro against the U.S. dollar tumbled, falling
close to 1.3730 from 1.3770 or so. Asian markets ended lower Monday, the collective, the
Shanghai Composite Index fell 0.3 percent, down 1.4% in Hong Kong, Japan and Australia fell
0.9%.
Following the reduction in Spain last week after Fitch, Standard & Poor's day will be long
-term sovereign credit [url=http://en.trade2cn.com/weihai/]weihai lights[/url]rating
downgrade Spain's level, down from AA to AA-, the rating outlook is negative.
Spain rating cut the external environment is mainly due to poor and high cost of financing,
Spain's economic growth prospects facing uncertainty. S & P expects Spanish economic growth
this year is about 0.8%, 1% next year.
Secondly, the Spanish unemployment rate is chronically high, and this year there is a
slight upward trend. Eurostat data show that Spain's unemployment rate has been highest in
the EU-27 in August to 21.2%.
By the end of the Spanish public debt to GDP ratio of 91%. Spain's high debt burdens make
it the ability to resist changes in the external environment is particularly fragile.
In addition, greater exposure to the Spanish financial system, there is continued
deterioration of asset condition possible. Although the S & P down 10 just three days
before the Spanish financial institution's credit rating, the agency will be expected to
further weaken the Bank of Spain.
link:http://en.trade2cn.com/weihai/
Announced the postponement of the U.S. Treasury currency report released
04:13, 18/10/2011
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Announced the postponement of the U.S. Treasury currency report released
14 U.S. Treasury Department said in a statement submitted to Congress every six
months delay of the major U.S. trading partners' international economic and exchange rate
policy report. "
Ministry of Finance said in a statement, delayed because of the exchange rate reported in
some recent major international conference with the parties concerned to continue
consultation and coordination, these meetings include the G20 Finance Ministers and Central
Bank Governors meeting, the Group of Twenty summit, APEC organization and the APEC informal
leadership meeting of finance ministers meeting.
According to the U.S. Congress passed a bill in 1988, the Ministry of Finance twice a year
to Congress on [url=http://en.trade2cn.com/shantou/]shantou lights[/url]major U.S. trading
partners are manipulating the exchange rate policy to gain an unfair trade advantage the
report, was identified as a "currency manipulator" of trading partners , will be subject to
U.S. trade penalties. The second half of this year's report scheduled for release October
15. However, in recent years, the Ministry of Finance often delayed publication of the
report. Time is the latest report was released on May 27 this year.
The Obama administration has released five exchange rate policy, are not labeled on the
major trading nation "currency manipulator" label.
link:http://en.trade2cn.com/shantou/
Nokia want to lay off more than three thousand people in Europe
04:13, 18/10/2011
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Nokia want to lay off more than three thousand people in Europe
Finland's Nokia, according to Xinhua News Agency Xinhua (microblogging) 29 company,
announced the world's largest mobile phone maker intends the end of 2012 in Romania,
Germany and the United States laid off 3,500 people.
Nokia said in a statement: "Nokia intends to close the end of 2011 grams of Lu in Romania
... ... Japan's factories [url=http://fj.trade2cn.com/special/light/led-light.htm]led flood light[/url] closed by the end 2012, Bonn, Germany and the United States in
the Malvern factory and business development department."
In April, Nokia announced the reduction of 4,000 employees and 3,000 outsourced jobs.
Nokia hinted to be examining its Salo in Finland, Hungary Kom¨˘rom, Renault SA's facilities
in Mexico, the company may announce more layoffs next year.
Nokia CEO Sidifenai Roper said: "We have to take painful but necessary measures in order
to adjust the implementation and operation of labor."
The United States the world's leading rating agencies Standard & Poor's in August this
year, Nokia's long-term corporate credit rating from BBB to BBB, reason is that the dismal
sales of Finnish companies, strategic transformation difficult.
link:http://fj.trade2cn.com/special/light/led-light.htm
Australia's trade surplus in August 2011 a new high record year
04:13, 18/10/2011
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Australia's trade surplus in August 2011 a new high record year
According to the latest trade data show that the Australian Bureau of Statistics,
Australian trade in goods and services in August total 53.632 billion Australian dollars.
Among them, exports 28.366 billion Australian dollars, growth of 8%, an increase of 15.51%.
Imports 25.266 billion Australian dollars, growth of 3.3%, an increase of 13.73%, A $ 3.1
billion trade surplus, a record high of nearly a year.
August Australia Australian goods exports 24.122 billion, an increase of 19.16% and imports
20.166 billion Australian [url=http://en.trade2cn.com/hulunbuir/]hulunbuir lights[/url]
dollars, an increase of 15.05%, A $ 3.956 billion trade surplus. Services exports 4.244
billion Australian dollars, down 1.62% and imports 5.1 billion Australian dollars, an
increase of 8.81%, A $ 856 million deficit.
January to August, Australia's total trade in goods and services 395 745 000 000 Australian
dollars, an increase of 8.31%. Exports 204 618 000 000 Australian dollars, an increase of
9.86%. Australian imports of 191.127 billion, an increase of 6.7%. Trade surplus of 13.491
billion Australian dollars.
January to August, exports of 171.152 billion Australian dollar trade in goods, an increase
of 12.94%, imports 152 091 000 000 Australian dollars, an increase of 6.82%, A $ 19.061
billion trade surplus. Australian services exports 33.468 billion, down 3.59%; imports
39.038 billion Australian dollars, an increase of 6.26%. Deficit of 5.57 billion Australian
dollars.
link:http://en.trade2cn.com/hulunbuir/
The State Council promulgated the development of measures
04:13, 18/10/2011
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The State Council promulgated the development of measures to support small and micro
enterprises
According to the Chinese government news network, Premier Wen Jiabao chaired a State
Council executive meeting, the study identifies small and micro enterprise development to
support the financial, fiscal policy measures.
It was noted that small and micro enterprises in promoting economic growth, increase
employment, technological innovation and social harmony and stability, has an irreplaceable
role. Currently, some small micro-business difficulties, the burden of financing
difficulties and emphasis on issues such as outstanding tax, must pay close attention. To
strengthen the financial [url=http://fj.trade2cn.com/special/light/led-light.htm]china led light[/url] services and tax support, mainly to increase in line with national
industrial and environmental policies to attract technology jobs, services and processing
industries and other efforts to support the real economy, and help guide the sound
operation of small micro-enterprises, enhance the profitability and development stamina.
Meeting the financial support of research to determine the small micro-enterprise
development policies and measures:
(A) increase the small micro-credit support to enterprises. Micro-banking financial
institutions for small business loans of not less than the growth rate of average growth
rate of total loans, incremental level higher than the same period last year, for a small
financial institutions to meet the requirements continue to lower the deposit reserve
ratio. Commercial bank focused on single-family credit increased $ 5 million credit to
support small-scale micro-enterprises. Strengthen supervision and end-user monitoring
loans, to ensure that small and micro enterprises for the normal production and operation.
link:http://fj.trade2cn.com/special/light/led-light.htm
Commerce Department: U.S. Senate bill rate of serious violations of international rules
04:13, 18/10/2011
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Commerce Department: U.S. Senate bill rate of serious violations of international rules
11 U.S. Senate passed the "2011 Oversight Reform Act of currency exchange rates,"
Commerce Ministry spokesman Shen Danyang, 12, issued a statement that the recovery in the
global economy facing a severe test of the critical moment, the United States Senate to
promote legislation to [url=http://en.trade2cn.com/hulunbuir/]hulunbuir gifts[/url] force
trading partners to currency appreciation, is tantamount to issuing the wrong signal of
trade protectionism upgrade. This is a serious violation of international rules, not only
threatens the stable development of Sino-US economic and trade relations, but also to
jointly cope with challenges in the world, runs counter to efforts to oppose trade
protectionism, China is firmly opposed.
The main contents of the bill is to require the U.S. government on the so-called "exchange
rate is undervalued," the major trading partners impose punitive tariffs. The bill approved
in the Senate, but also by the U.S. House of Representatives passed only after President
Obama signed into law. Shen Danyang stressed that China has always maintained the two sides
to strengthen communication, common to take positive measures to develop Sino-US economic
and trade cooperation. Once the U.S. related to motion into law, will inevitably lead to
serious damage to Sino-US economic and trade relations, which is the Chinese do not want to
see. Hope that the U.S. ponder discernment, objective and rational treatment of the
exchange rate, make the right choice.
link:http://en.trade2cn.com/hulunbuir/
G20 best to prevent the debt off the global banking crisis in Europe
04:13, 18/10/2011
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G20 best to prevent the debt off the global banking crisis in Europe
Group of Twenty (G20) finance ministers and central bank governors meeting in
Paris on October 15 closing. G20 finance ministers and central bank governors issued a
statement after the meeting said the meeting adopted a system designed to reduce the risk
of the importance of a comprehensive framework for financial institutions, including the
strengthening of supervision,[url=http://en.trade2cn.com/shantou/]shantou gifts[/url]
cross-border cooperation mechanisms, clear bankruptcy relief order and fine the loss of
these financial institutions the ability to absorb additional capital requirements.
Statement called the Financial Stability Board (FSB) to determine the extension of this
framework in the form to apply to all systemically important financial institutions.
Analysts believe that, as a November G20 summit in Cannes before the preparatory meeting,
the meeting has become a crisis to promote the euro zone rescue mechanism to prevent the
debt crisis set off an important opportunity for the global banking crisis, the debt crisis
solution will become G20 summit in Cannes one of the core issues. According to Reuters, the
EU member states are developing a plan may include increased private sector creditors will
bear the loss of Greek bonds, the proportion of write-downs, the European bank capital
levels to improve and expand the European Financial Stability Fund (EFSF) and the
International Monetary Fund (IMF) aid scale. EU is expected to be held on 23 October EU
summit to launch the program, and was formally submitted in November G20 summit in Cannes
consideration.
Strict control of systemic risk of financial institutions
Currently, the market for debt default in Greece is expected to strongly. After default,
to prevent the Greek financial system caused by the euro area and global "tsunami",
analysts believe, G20 in advance of the Greek default "funeral arrangements" to prevent the
debt crisis led to the outbreak of the global banking crisis, build a financial system as
soon as possible "firewall." G20 finance ministers and central bank governors in 15 joint
statement issued after the meeting that concerns the euro area banks in the market against
the backdrop of tight liquidity, G20 commitment to ensure that banks have adequate capital
adequacy and financial means, "If necessary, central banks will continue to support euro
area banks to provide liquidity. "
link:http://en.trade2cn.com/shantou/
National Bank of Kuwait, the first nine months net profit of $ 819 million Kuwait, the largest, but also the Middle East, the highest rated banks - National Bank of Kuwait (NBK) 2011 first nine months net profit of $ 819 million (225.6 million Bran
04:13, 18/10/2011
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National Bank of Kuwait, the first nine months net profit of $ 819 million
Kuwait, the largest, but also the Middle East, the highest rated banks - National Bank of Kuwait (NBK) 2011 first nine months net profit of $ 819 million (225.6 million Branch dinars).
As of end of September 2011, NBK total assets reached $ 47.6 billion (13.1 billion dinars Branch), an increase of 5% to led light enhance shareholders' equity 13.9%, to $ 8.2 billion (2.3 billion dinars Branch), turnover annual growth of 7% growth rate, growth amounted to $ 1.453 billion (400 million subjects dinars).
NBK Chief Executive Ibrahim Dabdoub said the global financial crisis and growing recession in the economic environment, NBK's operations and still maintain a strong performance, enough to take in order to prove its core business based strategy's success. He praised, NBK crisis in several different business and assets to maintain healthy development, because the Group adopted a prudent culture and a clear strategic vision. NBK has won this global financial assessment of the euro area and the "Best Bank in the Middle East in 2011" in the world.
NBK is currently the most extensive coverage of business in Kuwait, with 69 branches in the world with 177 branches and outlets, including in London, Paris, Geneva, New York, Singapore, Shanghai and other international financial center and the Middle East, Lebanon, Jordan, Iraq, Egypt, Bahrain, Qatar, Saudi Arabia, UAE and Turkey's business sector.
Moody's, Fitch and Standard & Poor's international rating agencies, consistent with the three major NBK as the Middle East will be the highest level of banks, the rating include the pros and cons of bank capital, the bank's prudent lending policies, to carry out venture capital business, and stringent management Bank staff team stability.
link:http://fj.trade2cn.com/special/light/led-light.htm
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Experts predicted that the annual CPI rose 5.5%Eurozone September CPI rose 3% in line with expectations
S & P cut Spain's sovereign rating on negative watch Goldman Sachs and other seven lines
Announced the postponement of the U.S. Treasury currency report released
Nokia want to lay off more than three thousand people in Europe