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  15% more autos to be imported in 2007

  文章来源: 文章作者: 发布时间:2007-02-12 00:33 字体: [大 中 小]  进入论坛

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  Chinanews, Beijing, Feb. 10 – It is estimated that about 15% more autos will be imported by China in 2007 than in 2006, including various kinds of vehicles.

  With the strengthening of the competitiveness of local , the import of low-emission cars has dropped greatly. However, the import of high-emission cars and high-end cars has kept increasing. In 2006 alone, more than 200 thousand autos were imported, a 41% growth, and the import of high-emission cars jumped by 92%.

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  上一篇:China's private firm owners 'not that rich' 下一篇:Private banks appear in Shanxi

  Private banks appear in Shanxi

  文章来源: 文章作者: 发布时间:2007-02-12 00:34 字体: [大 中 小]  进入论坛

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  Chinanews, Beijing, Feb. 11 –On December 27, 2006, two companies in Pingyao County, Shanxi Province, were chosen by the People's Bank of China as trial banks to do small sum credit loan business.

  A month before the arrival of the Spring Festival, the three children of Li Guangming, a farmer living in Pingyao's Duancun Town went back home.

  The China Business News reported that even now, Li Guangming still remembered the hard days that the family had experienced in August, last year. At that time, all of his three children were by colleges. However, he couldn't afford to pay the college tuition and fees for them. When he was just about to sell his only to pay their tuition and fees, someone helped him to get a 15,000-yuan loan from the Rishenglong Small Sum Credit Loan Company in Pingyao County.

  Now his three children all go to college, while his small pharmacy can make a profit of 10,000-20,000 yuan this year.

  Apart from Rishenglong, another company, Jinyuantai, in Pingyao, also operates by giving small sum credit loans to farmers like Li Guangming.

  In January, 2007, the business reports from the two banks show that Rishenglong and Jinyuantai each made a profit of 1.14 million yuan and 1.65 million yuan, respectively.

  The business managers of the two banks are both optimistic about their banks' .

  By 2007, the balance of loans in the bank could reach 35 million yuan and they could make 5 million yuan from interest income, said Liu Weihui, Rishenglong's general manager.

  For Jinyuantai, the balance of loans in their bank could reach at least 30 million yuan, and the interest income for their bank could reach 3 million yuan, according to Han Shigong, the bank's board director.

  After one year's trial run, the two banks said they would devote more efforts to improving their management system.

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  上一篇:15% more autos to be imported in 2007 下一篇:G-7 urges to resume trade talks

  G-7 urges to resume trade talks

  文章来源: 文章作者: 发布时间:2007-02-12 00:34 字体: [大 中 小]  进入论坛

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  Feb.11 - The finance ministers and central bank governors from the G-7 countries called for a resumption of the stalled Doha Round of global trade talks and expressed their concern at risks posed by hedge funds to the global financial market.

  In a communique following their two-day meeting in the western German city of Essen, the ministers and bank chiefs urged more trade liberalization and less protectionism.

  "We remain committed to resisting protectionist sentiment and support the re-launch of the Doha trade announced in Geneva," they said.

  The Doha Round began at a ministerial-level meeting in Doha, Qatar in 2001, and has been top agenda of subsequent ministerials in Cancun, Mexico (2003), and Hong Kong, China (2005), aiming at removing trade barriers.

  "We firmly believe that all participants have the responsibility to ensure a successful outcome of the Doha round as it will enhance global growth and contribute to poverty reduction," the statement said.

  The negotiations have been stalled by disputes over farm and between the developed nations led by the European Union, the United States and Japan and the major developing countries.

  Earlier, speaking of the Doha Round in his speech at the meeting, Chinese Finance Minister Jin Renqing urged the developed nations to realize the special treatment for the developing economies because that this round is for development.

  In their communique, the officials from the G-7 countries also voiced their concerns about the risks posed to global financial markets by hedge fund investment.

  "Given the strong growth of the hedge fund industry and the instruments they trade, we need to be vigilant," they said. "We therefore agreed to further pursue the issue."

  German Finance Minister Peer Steinbrueck said on Friday that there should be a of all the highly funds that operate with foreign capital.

  He urged hedge funds managers to show greater of the political consequences of their dealings. "The result is a serious financial crisis. This cannot be ruled out," he said.

  Besides Jin, finance ministers from Brazil, Mexico, India and South Africa also attended the discussion with the ministers from G-7, which comprises Britain, Canada, France, Germany, Italy, Japan and the United States.

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  上一篇:Private banks appear in Shanxi 下一篇:Chinese economy has greatest impacts on global enterprises,

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