Influence from Financial Crisis and Measure to Rescue the Market
Leaders from 38 Countries will go to Beijing, Seeking an Antidote for Global Financial Crisis
Chinese Assistant Foreign Minister Liu Jieyi said on Oct.14, from Oct.24 to Oct.25, Beijing will hold the seventh Asia-Europe Summit (meeting). Now there are 38 leaders from foreign countries having confirmed to attend this conference, which is the highest attendance rate firstly and another important international event held by China after the Olympic Games.
Bush Announced the Specific Measures to rescue the Market
On October 14, U.S. President George W. Bush made a speech in Washington, the White House. Bush said they would launch specific measures to rescue the market, including buying banking shares.
700 Billion USD as one of measure to rescue the market, the United States will use 250 billion USD to directly purchase banking shares so as to restore the stability in financial markets.
Whether EU summit will put out joint rescue the market become the suspense
Leaders from 27 countries of European Union will hold summit meeting in Brussels from Oct.15 to Oct.16. It has been revealed, in the face of the continuing turmoil in financial markets, the EU leaders at the summit will seek a joint strategy to deal with financial crises.
Financial Crisis makes Property of Russian Magnates Shrink
Russian media on October 12 revealed that from May to now, Russian stock market value has shrunk by 62%. This makes property of Russian plutocrats greatly reduced.
Russian Ministry of Economic Development: Financial Crisis has no Influence on Russia-China trade growth
Russian Economic Development Minister thinks that, despite the financial crisis in the world, the trade between Russia and China have maintained a growing trend.
Data in Chinese Domestic Economy
Chinese National Foreign Exchange Reserves until the End of September
Until the end of September, our national foreign exchange reserves were 1905.6 billion USD, which increased nearly 33% compared with the same period last month.
1 Million Access Threshold on Financing and Securities
Most of the brokerages have established the access threshold into 1 million yuan capital and over one year and a half period of opening accounts for customers participating in financing and securities business.
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