European Union will greatly increase Minimum Guarantee Amount for Deposit
European Union members unanimously agreed to increase the minimum guarantee amount for deposit in each country so as to stabilize financial markets and protect the interest of depositors.
Try for Safe Protection but Lack of Coordination, Financial Crisis test out EU
In the face of financial crisis, a number of EU countries said they would take coordinated action to deal with the common problems. However, when the specific actions should take, the members are fighting in their own ways or several countries temporarily knock together, so there lacks overall co-ordination.
European Union will increase the Minimum Margin to 100 thousand Euros
The market generally concerned about the EU’s first joint policy to rescue the market, the Luxembourg meeting conveyed the message that European Union will increase the minimum margin to 100 thousand Euros (about 135 thousand USD).
EU tries to deal with a Banking Crisis with unified attitude
Monday (Oct.7, 2008) EU again took coordinated measures to cope with the increasing crisis in the banking industry after a series of unilateral measures failing to restore the confidence in financial markets.
Other News:
Great Decline of Central Bank Bills
Yesterday, issuance earnings ratio of one-year central bank bills straightly reduced 10 basis points, which was the signal of loosening the monetary policy for the central bank.
Sales Volume of Poly exceed 1,500 Million during Golden Week
Poly Real Estate today claimed that during the National Day, the company made over 1,500 million yuan sales volume.
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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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62.08%! Proportion of Chinese Short-term External Debt Breaks a New Record in First Half of this Year
State Administration of Foreign Exchange announced the data on October 7 that until the end of June, 2008, China short-term external debt was 265365 million USD, which increased 20.57% of the end of last year and accounted for 62.08% of external debt balance, so it created the new record again.
Chinese External Debt Balance exceeds 420 billion USD
State Administration of Foreign Exchange announced the data on Oct. 7 that at the end of June this year China foreign debt is about 427.4 billion USD, which increases 14.4% compared with the end of last year. The data also shows that the medium and long-term external debt balance and short-term foreign debt balance all have increased.
Until June 30, 2008, Total External Debt of Georgia was 6675.4 million USD
According to the statistics of Georgian Central Bank, until June 30, 2008, the total external debt of Georgia was 6675.4 million USD.
External Debt of North Korea is 18 billion USD
Korean Media reported on October 7 reported that a congressman of North Korea disclosed North Korean foreign debt reached 18 billion USD, which is equivalent to the 2007 gross domestic product of North Korea.
Korean Government: Foreign Investors have excessive Worry on External Debt Compensation Risks
The South Korean Government reiterated on Oct.7 that the foreign investors have excessive worry on external debt compensation risks. Once the current items of Korea turn to surplus, supply and demand situation of U.S. dollar against won could be significantly improved.
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