China Financial News Headlines

October 19, 2008

Domestic Economy

Filed under: financial news — Tags: — Nancy @ 6:15 pm -0500

In future of 12 years our country will build up the oil and gas pipeline of 150 thousand kilometers.
Xinhua Net in Shijiazhuang on Oct.19th reported (reporter Zhen Junhua, Yang Fangwu): with the open of pipeline project of West-East Gas Transmission line, Central Asia, China started oil and construction of a new round of the prelude to the climax.

The oil price largely fell by nearly 50% in recent 3 months
The oil is not only the leader of goods market, but also impacted on the production and trnsit cost of most goods with its up and down. In May in this year, China firstly exceeded Japan as the second country of crude oil import in the world.

Donald Tsan: if necessary, Hong Kong will hand out to maintain stability of market
Xinhua Net in Hong Kong on Oct.19th reported: the Chief Executive of Hong Kong Special Administrative Region, Donald Tsang on the 19th in a radio program stressed once again that the people of Hong Kong in the face of the financial tsunami should remain calm and Hong Kong can be brought about by globalization as a series of challenges to the reform and strengthening the existing system.

Yan Yan: Investors are concerned about the gold only in their eyes
Since that time we are most concerned about the investment banking, capital markets, and difficulties faced by commercial banks and so on, but for the wind situation of how to vote, there is no access to public view.

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