China Financial News Headlines

South Korea encounters the Financial Crisis after 11 years; Finance Ministers go to America for Help
After the Europe, South Korea becomes the first Asian country with systemic crisis in financial system, South Korean Minister of Finance is about to go to the United States for help.

Ministers of Seven Financial Groups announced Five-point Plan to deal with the Financial Crisis
It is reported that G-7 finance ministers and central bank officials from the United States, Britain, France, Germany, Italy, Japan and Canada hold the first summit on Oct.10 in White House after the financial tsunami. The G-7 finance ministers announced a five-point plan to jointly deal with the global financial crisis.

Central Bank of China claimed to have the confidence and ability to deal with the international financial crisis
According to the report from China Central Television, with regard to the impact from current international financial turmoil to Chinese economy and finance, the People’s Bank of China spokesman Li Chao says that the fundamental aspects of Chinese economy is sound, and the whole financial system is robust and safe.

Rural Reform can play an important role in dealing with financial crisis
Through the deepening of rural reform, fully start of rural consumer market, increasing financial investment in rural areas, China will be able to calmly deal with the global financial crisis in the economic downturn.

China tightens the Prevention and Early Warning to Financial Crisis
The officials close the management claimed that China has already pulled the prevention and early warning to the possible financial crisis.

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