China Slashes Lending Rate to Support Slowing Economy http://www.bloomberg.com/apps/news?pid=20601087&sid=aJd1Td6ZKAao&refer=home
On Nov 12, 3:28 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > My comment: Excellent news, the best posible news are happening these > days. Finally it seems that also householders are joining the effort > to boost consumption moderately. Roughly, it means that saving rate > will move from 30% to around 20% this year. Also, foreign account are > in line. Export slow down as a consequence of the global slow down, > but import also slow down at a similar pace. > > Peace and best wishes. > > Xi > > ChinaRetail Sales Rise 22%, Help to Counter > Slowdownhttp://www.bloomberg.com/apps/news?pid=20601087&sid=alXgzyRr0I6A&refe... > > Chinareports $35.2 bln record high trade surplus in > Oct.http://news.xinhuanet.com/english/2008-11/11/content_10341604.htm > > On 11 nov, 05:03, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > My comment: Besides to ease financial rules that the Peoples Bank will > > do without any doubt. We could take advantage of this momentum to > > reduce subsidies to some products such as gas for private cars. It > > will not last forever and then we should use that funds for other > > energy sources. > > >ChinaCPI eases to 4% in October. PPI > >6.6%http://news.xinhuanet.com/english/2008-11/11/content_10339778.htm > > >China'sInflation Slows, Giving Room for Rate > >Cutshttp://www.bloomberg.com/apps/news?pid=20601087&sid=abFzM2IfLNNI&refe... > > > Peace and best wishes. > > > Xi > > > On 1 nov, 15:25, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > My comment: Once the basic welfare system is close to be extended > > > across the wholeChinaand in particular the basic infraestructrure of > > > education and healthcare is on its way,Chinahas been trying to > > > change its growth model since some years ago. From low value added > > > manufacturing (such as metal processing) toward higher value added > > > jobs, and from an export oriented economy to a balanced export- > > > domestic consumption economy. Obviously a crisis like this is not the > > > best time to produc such huge changes. But that is the time that we > > > have to deal with and, on the other hand, to produce such dramatic > > > changes while economy growth is still high is almost mandatory for any > > > country that does not want to produce a human crisis. > > > > Most of those industries are moving toward other countries (mostly > > > Vietnam). We do not see a serious negative human impact on > > > unemployment or human conditions inChinadue to this process. But > > > this crisis makes that authorities will have to play even closer > > > attention to those indicators to avert any damage to Chinese people. > > > >ChinaManufacturing Contracts as Crisis Trims Exports > > >(Update1)http://www.bloomberg.com/apps/news?pid=20601087&sid=asxpXKBhstjU&refe... > > > > On 20 oct, 19:41, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > My comment: Excellent news. Growth is slowing down as a consequence of > > > > global slow down and Chinese fight against inflation. But its pace, 9% > > > > in Q3, is still really high. > > > > > Investments are strong enough to sustain development. "Investment in > > > > urban areas grew 27.6 percent to 9.9871 trillion yuan, 1.2 percentage > > > > points higher than the same period of last year, and rural fixed > > > > assets investment rose 23.3 percent to 1.6375 trillion yuan, 2.1 > > > > percentage points higher." Good news, investments in rural areas grew > > > > faster than in urban areas, probably it means that the fight to trimm > > > > inequalities between urban and rural areas are producing good > > > > results. > > > > >China'sCPI rises 4.6% in > > > >Septemberhttp://news.xinhuanet.com/english/2008-10/20/content_10222532.htm > > > > >China'sGDP up 9.9% in Jan.-Sept. period, 9 percent for the third > > > > quarterhttp://news.xinhuanet.com/english/2008-10/20/content_10222493.htm > > > > >China'sfixed assets investment up 27.0% in 1st three > > > >quartershttp://news.xinhuanet.com/english/2008-10/20/content_10222671.htm > > > > > Peace and best wishes. > > > > > Xi > > > > > On Oct 15, 3:24 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > > My comment: It means that ifChinais the engine of global growth, to > > > > > keep it on track despite global crisis is contribution enough to the > > > > > global economy. > > > > > >Chinaairs resolve to keep economy in good > > > > >shapehttp://news.xinhuanet.com/english/2008-10/14/content_10195060.htm > > > > > > BEIJING, Oct. 14 (Xinhua) --Chinaon Tuesday reaffirmed its resolve > > > > > to keep its economy on track amid the global financial turmoil. > > > > > > In a meeting with visiting U.S. Senator Chuck Hagel, Vice Premier > > > > > Wang Qishan said the financial crisis, triggered by the U.S. credit > > > > > crunch, had exerted a grave impact on the global financial market. > > > > > > "As a responsible country,Chinahas always valued the > > > > > communication and cooperation with other nations to ensure world > > > > > financial and economic stability." > > > > > > Wang saidChinawould make great efforts to keep its economy on > > > > > the right track, which would be the country's greatest contribution to > > > > > the world. > > > > > > Chinahad implemented and would continue measures to ensure the > > > > > stability of finance, economy and the capital market, he said, > > > > > referring to a package of new policies to spur economic growth. > > > > > > The central bank cut interest rates on Sept. 15 for the first time > > > > > in six years. > > > > > > The People's Bank ofChina, the central bank, announced the > > > > > deposit and lending rates would be lowered by 0.27 percentage points > > > > > and the reserve-requirement ratio would be reduced 0.5 percentage > > > > > points starting Oct. 15. > > > > > > "With tools at our disposal, we are confident and capable of > > > > > prevailing over the overall difficulties and challenges," Wang told > > > > > Hagel. > > > > > > He added the overall bilateral relations of the two countries had > > > > > moved forward and become increasingly interdependent since forging > > > > > diplomatic ties in 1979. > > > > > > To promoteChina-U.S. ties was in the fundamental interests of the > > > > > two nations, he said. > > > > > > Wang proposed the two deepen a strategic trust and take a candid > > > > > and pragmatic approach in addressing differences. They should work > > > > > more closely on economy, trade, investment, energy, environment and > > > > > high-tech. > > > > > > He also urged the United States to observe the three joint > > > > > communiques, refrain from anything harmful to bilateral ties and the > > > > > stability of the Taiwan Straits, so as to ensure the sound and steady > > > > > progress of bilateral constructive cooperation. > > > > > > As all nations were becoming more connected, Hagel, a Republican > > > > > senator from Nebraska, said the stronger cooperation between the > > > > > United States andChinawould help ensure world financial and economic > > > > > stability. > > > > > > On Oct 14, 3:33 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > > > My comment: Thanks to the drop of commodity prices, price inflation > > > > > > will be under control. Because of that, and because global slow > > > > > > down, > > > > > > we can and have to focuss our effort on development. Not just on > > > > > > growth but on a certain type of growth. I already posted about what > > > > > > sort of consumption we can address (mostly services, rural > > > > > > development, etc.). > > > > > > > The main decissions of the CC of the CPC target it, to enhance > > > > > > healthcare, to develop rural areas, education, environmental > > > > > > opportunities, consumption. > > > > > > > Lot of work ahead. > > > > > > >China'sTrade Surplus Widens to Record $29.3 > > > > > >Billionhttp://www.bloomberg.com/apps/news?pid=newsarchive&sid=aX4Pl63eHKbA > > > > > > > On Sep 15, 11:30 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> > > > > > > wrote: > > > > > > > > As expected, > > > > > > > >China'scentral bank reduces credit interest rate, reserve > > > > > > >requirement > > > > > > > ratiohttp://news.xinhuanet.com/english/2008-09/15/content_10011166.htm > > > > > > > > It will allow banks to improve their profit and loss account, as > > > > > > > 17.5% > > > > > > > was extremely high. If price inflation goes down and down as > > > > > > > expected, > > > > > > > we should expect more cuts of rates. > > > > > > > > Also, it will release the economy a little bit. But not much. > > > > > > > Higher > > > > > > > taxes will keep growth at a healthy 9%-10%. Higher would be too > > > > > > > risky > > > > > > > as commodities might rise and, therefore, price inflation could > > > > > > > rise > > > > > > > again if economy is too hot. > > > > > > > > Peace and best wishes. > > > > > > > > Xi > > > > > > > > On Sep 10, 4:19 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > > > > > My comment: After two years fighting against inflation, price > > > > > > > > inflation are now under control but still high. The > > > > > > > > "unbelievable" > > > > > > > > rate in August is 4.9%, in this way they can reach the initial > > > > > > > > goal > > > > > > > > (4.8%) or any other goal. Much more realistic and healthy would > > > > > > > > be the > > > > > > > > revised one 7.2%. In this way, they could ease finantial rules > > > > > > > > to curb > > > > > > > > investments and growth. The lower fees of oil and other > > > > > > > > commodities > > > > > > > > along next months will help to keep it under control while for > > > > > > > > example > > > > > > > > they can ease reserve ratio of banks, increase liquidity, etc. > > > > > > > > > As you can see US government is not the only one where official > > > > > > > > inflation does not match real inflation. A more resonable rate > > > > > > > > and > > > > > > > > what everybody predicted is between 6.5% and 7%, declining > > > > > > > > month after > > > > > > > > month, but still high. When you distribute thousands of food, > > > > > > > > umbrellas, and all sort of gimmies for free (price = 0) for the > > > > > > > > Olympics the average price falls, but it does not mean that the > > > > > > > > real > > ... > > read more » --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
