The Wholesale Prices of Rice have fallen everywhere in Beijing
Entering in October, the rice demand by Beijing consumers increased greatly, but the wholesale prices has continued to decline yet, while dropped about 0.15 yuan per kilogram from the previous month.
The first Merchant without Mortgage Lending appeared in Beijing
Yesterday morning in Nanjing clothing market of Beijing, Zheng Jingxiu, have operated pants business for many years, took a card from the CMSB staff and became the first guy obtaining unsecured personal loan business.
The Valuation Clause has been criticized by Experts after Express Lost
Thousand dollars worth of MP3 players were missing by express company, then there was a empty box arriving in the recipient’s hand… In recent years, along with the development of the E-Commerce and Shopping Online and other transactions, Express industry is developing rapidly.
Coal Prices continued falling in Qin Huangdao
Domestic coal market appears to be not willing to follow the international market’s falling. Though the prices in Qin Huangdao keeps falling, only 10-20 yuan per ton, which is far below the international coal market decline in recent weeks. Howere, the professional visitors still worried zhout the future of coal industry.
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Measures from American Federal Reserve，other Five Central Banks and other Places
American Federal Reserve and other five central banks issued a joint statement to urgently reduce the 50 basis points of benchmark interest rates. The day before, Australia firstly claimed to reduce 100 basis points of benchmark interest rates. Hong Kong China also claimed to adjust rate of discount, which actually realized the 100 basis points reduction.
UK Government spent 50 Billion Pounds to rescue the Market
The UK Government issued the formal rescue project on banking industry that the government would use 50 billion pounds to purchase the shares from eight major banks and prepare at least 200 billion pounds as spare loan capital, which would provide the short-term loans to banks and housing lenders.
Japan Provides 20 Billion USD Loan
Central Bank of Japan on Oct.7 provided 20 billion USD loan to financial institutions by inviting public bidding, the lowest interest rate of bid was 1.390 percent.
Russia provides 950 Billion Rubles Loan
Russian President Medvedev on Oct.7 said that the government would provide 950 billion rubles loan, and the period would not be less than 5 years.
Claim from Indonesian President
Indonesian President Susilo Bambang Yudhoyono said that he would promulgate special order to ask the government departments to support the economic growth so as to release a plan on stimulating domestic consumption.
Measures from Brazil Central Bank
Brazilian Central Bank on Oct.7 expressed that they would provide 2050 million USD for U.S. dollar transactions in order to increase liquidity in the foreign exchange market. Brazilian Central Bank President Henrique Meirelles said that Brazil had over 200 billion USD foreign exchange reserves. As long as it is necessary, the central bank would surely intervene to rescue the market.
Iceland Government fully involves and controls the Operation of Financial Institutions
Iceland Parliament passed a Bill of emergency with immediate effect that the Government of Iceland would fully involve and control the operation of financial institutions.
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U.S. sold more than 6.4 Billion Dollars Arms to Taiwan arousing China’s Opposition
According to Xinhua News Agency in Beijing, on Oct.4th our spokeman of foreign ministry, Liu Jianchao showed us that, Chinese govenment and people oppose and condemn resolutely the act of USA which damaging the interests of China and our two countries’ relationship.
A Single Day Average Price has decreased below 10 thousand for Shenzhen Property Market
During the Fall Property Market Fair in Shenzhen, the lasting low turnover created the new record below one million mark.
Luoyang and Dengfeng in Henan province promote tourism coorperation with Seoul Korea
Reported from Henan tourism department: the tourism offices of Luoyang, Dengfeng and Seoul signed an agreement about developing local tourism resources.
other news:
AIG will focus on Global Property Liability Insurance to repay the Loan by selling the Remaining
Recently AIG, reorganizing assets as the global insurance giant, claimed to focus on his property and the liability insurance business again. Also searched for the chance to sell his remaining high-quality business and assets.
IMF CEO Claims that Economic Crisis have ravaged Banking Seriously
CEO of IMF, Strauss Kahn pointed out that the loss to the banking caused by the U.S. economic crisis was higher than peoples’ anticipation. The current global financial situation is very disturbing.
People’s Bank: China is willing to work with USA to strengthen Coordination and Cooperation
China: work with USA to maintain the financial stability. EU: welcome. Japan: a high degree of concern.
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