China Financial News Headlines

October 30, 2008

The United States & Chinese government Donated to Pakistan

Filed under: financial news — Tags: , , — kinpoo @ 8:15 pm -0500

United States will provide relief assistance of 1 million U.S. dollars to Pakistan
U.S. Agency for International Development on 30th, issued a statement declaring that the would provide relief assistance of 1 million U.S. dollars to the victims of the earthquake-disaster area in through international agencies and non-governmental organizations.

The Chinese government donated 1 million U.S. dollars to the Pakistan earthquake-disaster area
Chinese Ambassador in Luo Zhaohui at the presidential palace on the 30th, met with Pakistani President Zardari, and handed over the president’s message of Chinese President Hu Jintao on the Balochistan earthquake Zardari, with sympathy and on behalf of the and people donated 1 million U.S. dollars of spot exchangeto the disaster area.

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Premier Wen Jiabao in SCO

Filed under: financial news — Tags: , — kinpoo @ 7:59 pm -0500

SCO’s member countries held the seventh meeting of the Prime Minister
SCO, the seventh meeting of the Prime Minister of Shanghai Cooperation Organization’s member countrieson on 30th was held in Kazakhstan’s capital, Astana.

SCO: deepen cooperation and common development
At the meeting, the Prime Minister continued to carry out the “long-term good-neighborly Treaty of Friendship and Cooperation of Shanghai Cooperation Organization member countries” and the Dushanbe summit consensus, deepen pragmatic cooperation between member states and study how to deal with the current international economic situation, to deal with common challenges and achieve mutual benefit in win-win situation.

SCO will set up the disaster relief center
Premier at the wide range of meeting speeched that the Chinese side is willing to further strengthen communication with the other members of the coordination, in a firm, responsible and timely manner take effective measures to minimize the impact of financial crisis.

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Oversea Bankruptcy

Filed under: financial news — Tags: — Nancy @ 7:54 pm -0500

Danish Low-cost Airline Company applied for Bankruptcy; Thousands of Passengers are stranded in the airport
On Oct.29, one Danish low-cost airline company owned by Iceland Company, Sterling Airlines filed for because of high pressure of financial crisis, which caused thousands of passengers to strand in the airport.

California Court announced the Bankruptcy of Zhongxing Automobile in the United States
One of the court judge in California carried out the protection between China America Cooperative Automotive Inc. and its subsidiary ZX Auto North America.

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