Hu Jintao: Promoting and participating in the reform of the international financial system

The picture is President Hu Jintao.  (Photo: Xinhua) President Hu Jintao received a joint interview with Chinese and foreign media in Moscow 18th to answer questions from Russian Russian-Tass, Hong Kong Phoenix satellite TV and CCTV reporters on the development direction of SCO and strengthening strategic cooperation between China and Russia. In response to a reporter's question on Sino-Russian relations and their development prospects, Hu Jintao pointed out that the strategic partnership between China and Russia has been developing healthily and stably for 13 years. High-level exchanges between the two sides, political mutual trust continues to strengthen, in relation to each other's sovereignty, independence, territorial integrity, national security and other core benefits ...

Japan to slash aid to China

According to the Beijing News, a number of Japanese foreign ministry officials disclosed that the external secretary Maehara has issued instructions to the Ministry, requesting drastic cuts in Japanese aid to China (ODA).  Japan's embassy said that Japan's future assistance to China is mainly focused on environmental protection and education and training. China's GDP exceeds Japan's pretext according to Japanese media 2nd reported that the Japanese Foreign ministry officials said Maehara believes that O-da's aim is to support the development of developing countries, but now China's GDP than Japan, as the world's second, so "the same kind of aid is a little unreasonable." In addition, Maehara ...

The food crisis looms the hot topic of modern agriculture

This reporter Wang reported that in the past two years, disastrous weather swept the world, international food prices have risen significantly. The World Bank's latest statistics show that international food prices have soared by 29% compared with 2010, approaching the all-time highest level of the 2008 "food Crisis".  Major agencies have put forward early warning of the imminent new round of food crisis is deeply concerned. In order to guarantee the grain production of our country, modern agriculture has been mentioned unprecedented height. A major feature of the Twelve-Five-year plan is to separate modern agriculture from the entire industrial system and to put a separate chapter on other industries.

Bank proposes to suspend new stimulus package

The World Bank said in its latest quarterly report that it was too early to say that the recovery was premature, and that it would be unnecessary and perhaps inappropriate for the Chinese government to introduce more fiscal stimulus in 2009.  Chinese consumption is likely to slow, pushing wages and employment figures down to prevent the global economy from deteriorating, and the government should reserve room for a new fiscal plan for 2010. The bank believes the massive credit expansion of the first 5 months will support economic growth in the coming quarter. Compared with the previous three months, China's overall economic growth is expected to improve, but this has little impact on the 2010 situation. ...

St Male earthquake renamed the mining industry today to increase the volume of nearly 5%

NetEase Finance March 4 as the 2010 Annual report "tipped" the first unit, in the St family immersed in the fast 5 years of the St-male earthquake, is referred to as the mining industry today will be a new face in a a-share market.  According to the annual report of February 1, the 2010 earnings per share of the mining industry, 0.22 yuan/share, per share of net assets of 5.14 yuan, operating income of 231 million yuan, the year-on-year growth of 84.92%, to achieve a net profit of 20.8542 million yuan, swung. Earlier, due to the 2005 loss of 115.895 million Yuan, 2004 retrospective adjustment after the loss of 1 ...

China Life Ping-an investment protection housing rules

Senior executives of China Life and Ping An insurance company of China, as members of the CPPCC, all take the initiative insurance funds to participate in the construction of the security house as the CPPCC proposal "Caixin net" (reporter Chenhuiying) China Life Group President Yang,  MA, Chairman and chief executive officer of Ping An, has taken the initiative of insurance funds to participate in the construction of the security house as the CPPCC proposal during this year's NPC. Ma that the use of insurance funds to support the construction of housing, not only conducive to speeding up the development of affordable housing construction projects, but also to improve the long-term investment in insurance funds benefits, the insurance industry ...

Oil prices may rise again at the end of June, experts say

With the international crude oil price has risen to more than 70 U.S. dollars per barrel, our country to adjust the price of oil products time window was reopened.  Experts predict that the national Development and Reform Commission may at the end of June adjust the price of oil products, the specific time and range should be taken into account the interests and affordability.  The rate of change has exceeded 4% according to the National Development and Reform Commission this year promulgated the "Oil price management measures (trial)", when the international market for 22 consecutive business days moving average price changes over 4%, can adjust the domestic oil prices. Citic Securities Petrochemical industry analyst Shingdong that the domestic adjustment of oil prices ...

CMB denies Buffett shares

Bank shares or to attract valuation repair opportunities for Warren Buffett may participate in China Merchants Bank (600036.  SH,03968.HK) of the H-share issue, March 3, the person in charge of the bank said in response to the "first financial daily" that there is no news of Mr. Buffett's shares, and the Bank of ICBC recently did not have a financing plan, if any will follow the procedures announced.  Mr. Buffett's participation in the H-share issue, the shares rose 4.16%, reported 14.03 Yuan, the H-shares rose 2.28%, a 19.76 Hong Kong dollar, led the banking sector rose. A private equity researcher ...

The two sessions held their first press conference to step up official property disclosure

On the legal level, fortified foods, promoting the security of official property. Our reporter, Lee, reported that the CPPCC's four meetings held a press conference in the Great Hall of the world on the afternoon of 2nd, and officially announced the agenda, activities and arrangements during the Conference and the main situation of the CPPCC's work last year.  In addition, the General Assembly spokesman Qizheng Also on the media's concern about the people's livelihood, economic and diplomatic issues such as a series of answers. In these two years, food safety issues, including housing prices, inflation and other problems, such as one of several disaster, to the people's lives caused a lot of trouble, seriously disturbed the people's livelihood and harmony. ...

Financial countries Weekly: Reform top-tier design is particularly important in three aspects

"Twelve-Five" period, the reform entered a new stage.  In the next 10 years, it is an important strategic opportunity period that China can still make great success, can break through the "middle income country trap", can we really enter the benign track of sustainable development, and the benefit distribution and the interest pattern can be adjusted in place. In other words, the reform has come to this day, need to comb all kinds of interest relations.  Without clarifying the relationship of interests and the corresponding distribution mechanism, it is difficult to advance the reform and realize the "adjustment structure" and "sustainable". Adjust the interest pattern, far-reaching. This, precisely need to reform into ...

Initial manifestation of deterioration signal of asset quality of Chinese commercial Bank

After the rapid expansion of loan scale in the first half of this year, commercial banks are facing the risk caused by all parties concerned. China's banking sector, which has withstood the test of the international financial crisis, has significantly increased credit exposures and concerns about the medium-term outlook for asset quality, according to a report by Fitch Ratings (Fitch), one of the world's three biggest rating agencies.  Some Chinese banks face downward pressure on individual ratings. "There have been particularly many cases involving banks recently. This may have something to do with local government transitions and loose money. Shanghai's regulatory authorities are under great pressure. "Know ...

China ships to raise capital 4 billion yuan to fall nearly 5% today

NetEase Finance March 4 suspended 10 working days of Chinese ships issued a notice yesterday that will be non-public offering 60 million shares, raise capital not more than 4 billion yuan.  Of these, about 2.8 billion yuan is used to acquire 100% stake in Dragon Cave Shipbuilding, while the remainder is used for the advantages of offshore wind power tower, marine Low-speed diesel engine and ship repair, which is competitive and development potential. The price of this non-public offering of Chinese ships is no less than 90% of the average value of 20 trading days before the benchmark date, that is, no less than 66.33 yuan/share, the issue includes the company's controlling shareholder ...

15 institutions forecast March CPI rise 4.8%

"Financial network," reporter Hu Junying March 2, reporters to 15 institutions on the March macroeconomic indicators of the forecast survey, the survey showed that March CPI average year-on-year growth of 4.8%, compared with the true value of January fell 0.1%. Inflationary pressures to suspend input-type inflationary pressures need to be wary of the 2010 inflation situation unexpectedly, hitting record highs.  CPI rose 4.9% per cent year-on-year in January 2011, with March survey data showing a slowdown in inflationary pressures. Ping An securities fixed income research director Benji says inflationary pressures have eased. Although the last two ...

Star member Liu Xiang no proposal was questioned by the accused is impostors

March 1, Liu Xiang entered the departure hall of Shanghai Hongqiao International Airport.    On that day, CPPCC member Liu Xiang from Shanghai to Beijing to attend the four sessions of the CPPCC.  March 1, Liu Xiang in Shanghai Hongqiao International Airport to receive media interviews.  The star member Liu Xiang has no proposal to be questioned to be accused of being "impostors" "star member" Liu Xiang flew to Beijing from Shanghai yesterday, preparing to attend the four sessions of the CPPCC, because "no preparation for the proposal", the star members were again "shelled" by netizens. In an interview at the airport, Liu Xiang said that because of recent competitions and training more ...

50-day support for Hang Seng index still to be adjusted downwards

Rich securities Zhangzhihao Future resistance level: 18800 support bit: 17000 U.S. stocks in recent days after a slight return to stability, Hong Kong stocks yesterday to open 72 points, but after the rally did not follow, at one point fell more than 200 points see 17,509, and fell through the 50-day line; But the continued strong performance of the mainland stock market led to an afternoon pick-up  Heng Rose 69 points to 17,790 points, the state refers to 67 point 10,663 points. Mainland stock market continued strong, a-share index rose 44 points to 3,278 points, the Shanghai index also kept a steady 3,100 points. The market continues to worry that the mainland will be further closed ...

Wang proposed to reduce import tax on luxury goods

Our News (reporter Shang) four meetings of the National Political Consultative Conference officially convened this afternoon. Reporters yesterday learned that the CPPCC members, Dalian Wanda Group chairman Wang will submit proposals at the meeting, proposed to reduce the import tax on luxury goods.  In addition, he also suggested that, as soon as possible to the SME loan policy, to solve the tightening policy of SME financing problems. Outbound travel is 11 times times higher than the domestic visitors. According to the National Tourism Administration, the number of tourists in 2010 was 2.1 billion, the total income was about 1.1 trillion yuan, and the expenditure was only 524 yuan. By contrast, China 201 ...

Rui Room 1% is looking for additional land reserve and joint property name companies

Earlier, the share price of Ruian real estate, which raised more than HK $2 billion, was lowered and the share price rose 0.8% to HK $5.06 and sold 3.23 million shares. According to Lo, the company's chairman, said the allocation plan was used to speed up the relocation and construction of the original project, including the Shanghai Rainbow New city, Wuhan Project two, Foshan and Chongqing projects, as well as the next step for the deployment of investment plans, is currently looking for additional land reserve, but there is no implementation of the project can be disclosed; it now holds 1,  3 million square metres of soil storage, with sufficient soil reserves for future use. Lo also disclosed that the company ...

The simple labor becomes fragrant and the new generation peasant workers do not want only mater

① Simple manual labor to become the most scarce personnel is to move and lift, do not what technology, willing to work the line, how can not always recruit people?  "Li Yunlai a small moving company in Beijing, and after this spring festival, half of his old employees did not come back, and he even raised his salary to nearly 2000 yuan a month and to pack food and lodging, only recruit two new employees, and the age of 40 years old." Compared to a few years ago, Li Yunlai more. "Seven or eight years ago, I just do this line, recruit migrant workers, to 1000 yuan have done quite happy, the next spring will bring the villagers, begged me to recruit a few more." ...

"Wind" city built in Jiuquan 120 billion

This newspaper in Gansu Province reporter Yue Jiuquan Executive vice Mayor Guo Yishou recently attended the news meeting, said that the world's first Chivan Chiva-stage development, grid-connected operation of the wind power base construction project will start in Jiuquan on July 12, the total investment of more than 1,200 million yuan (RMB.   below), it will become another landmark project in the Western development after the West-east gas transmission, West oil East transmission, the west-to-east-electricity transfer and the Qinghai-Tibet Railway. Guo Yishou said that, as of now, Jiuquan has built 6 wind farms in Yumen, Guazhou and so on, and has built up a total installed wind power capacity of 510,000-kilowatt; wind farms under construction ...

China Trade and investment group cares about signing 2 billion dollar cooperation agreement

July 9, the reporter learned from the Italian embassy in Beijing, with President Hu Jintao's visit Italy, China's trade and investment promotion Group and Italian Enterprises signed more than 30 project cooperation Agreement, the total value of up to 2 billion U.S. dollars.  Among them, Fiaty, Italy's biggest insurer, and Fiat Motor have signed a cooperation agreement with Chinese companies.  Zhong Li Insurance Investment 100 million euros to buy Cathay Fund 30% shares, and Cathay and Thailand officially signed the "Comprehensive Cooperation and investment memo", the two sides will be in annuity management, product innovation, risk control, international business and other aspects of cooperation. Fiat ...

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