According to the sound of China the wide central news, mark is "super", "level" tieguanyin tea, he was testing out rare earth content super 2 times. In recent state quality inspection administration issued oolong tea product sampling inspection report, nine fujian enterprise products were detected rare earth project is unqualified, this news in the industry cause strong reaction. In recent days, a lot of xiamen industry groups said, "the current lack of rare earth inspection standard scientific".

The state general administration of quality supervision on the blacklist of fujian enterprise, including six home, xiamen anxi two, fuzhou home 1, testing of products are "level" and "super" tea, often nfl hats belong to "high end" tea, the price is low. This was named xiamen have Ming don tea industry Co., LTD relevant controller introduces, now tea competition is intense, consumers are also more and more "smart", it has a negative effect on consumer psychology. They now the middle and high-end of the tea sales have time than last year fell a few. Xiamen art mingyuan tea FanChengSheng told reporters, in fact, rare earth content and soil organic is very much, from the current situation, the fujian soil may rare earth content more, anhui, yunnan, the content of soil may be less. If you continue to use the current rare earth inspection standard, so nearly 6 ChengFuJian oolong tea will be affected. "

Xiamen tea industry association, officials said at present other countries are not rare earth inspection standard. The standard of our country in the lack of discount sunglasses scientific evaluation is introduced. And in the 1980 s, Beijing non-ferrous metals research institute has study, the person's day allow intake rare earth amount for 14 mg-24 mg. And by 2005, according to the implementation of the "food contamination in limited standards", but the rare earth content in tea limit as 2.0 mg/kg.

In view of the above question, state quality inspection administration and the quality supervision products built loyal said high supervision and everywhere, now the country related food to the residual material component is doing revision adjustment, the rare earth content in tea in the adjustment of problems seem to have, but it is still undecided. Xiamen have mingyuan tea industry Co., LTD hall head says, in recent years, fujian related departments and people have many times and national related ministries communication, suggest modify standard. But so far, is still not modify. At present fujian tea enterprise is poised for through professional associations and experts signed a letter method, continue to call for the standard adjustment.

Posted by terminalcables at 9:03 PM EST

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Buy the tickets are on sale schedule changes, ask aviation company refused by refund, this is many consumers have the helplessness of the experience. "Special offer ticket refund shall not endorse" seemed to become a kind of "guild regulations". Beijing chaoyang district court on October 25, heard in public with special contract dispute, Beijing lawyer LiuGuHui because a special offer tickets to airline filed a lawsuit.

Many times agent aviation dispute cases of Beijing lanpeng law firm lawyer, director of China university of politics and law aviation and space law research center researcher mr.zhang qihuai think, airline regulations special offer tickets can't refund upgrade, really ensure 客座率 consideration. Passengers "retreat upgrade" ticket, the airlines, it will produce some losses. But lawyer zhang qi huai has also said, because passengers "retreat upgrade", in fact also save on airlines in service, the cost of fuel, etc. Therefore, the cheap new era hats regulation discount tickets are allowed to endorse back is unreasonable.

Chinese consumer society, a member of Chinese lawyer association among consumers' rights legal affairs professional committee QiuBaoChang director said, "from the common people's appeal to see, ticket discount or whatever, no discount or should according to a standard, a scale to grasp."

Reporters noticed that, as early as June 7, the Beijing municipal industrial and commercial bureau released the first of 27 no-trade clause, including "discounts not refund don't change". However, the government department relevant no-trade clause that did not cause the airline's attention. Reporters noticed that, since the industrial and commercial bureau announces Beijing of 27 no-trade clause, local businesses have begun to abandon use "our shall not take your own wine" "the terms of final interpretation all" clause, and "special offer ticket refund shall not endorse" clause but has not been cancelled.

The reporter understands, October 24, the National People's Congress, the wholesale sunglasses standing committee to submit the civilian in a draft amendment, increase the content of the public interest litigation, regulations of the pollution of the environment, invasion of many consumers' lawful rights and harm public interests behavior, and the relevant agencies, social organizations may apply to the people's court. "If civilian law amendment passed to common people will be good news. And for the LiuGuHui 'for', public interest litigation will no longer be 'a person's battle'". Beijing tian yuan law firm YuMing xu lawyer said.

Posted by terminalcables at 9:00 PM EST

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The fed the benchmark interest rate at a very low level of the time limit for acceptance from previous mid 2013 to 2014 at the end of the news of the extension, the market to make positive reaction. 25 New York stock market index closed up all three, the dow rose by more than 0.6%, the s&p rose nearly 0.9%, and the nasdaq rose more than 1.1%; The New York markets of major currencies dollar down. Explain the fed not market expected move, market reaction is the enthusiasm of the parties.

The author thinks that the fed made the decision to extend the time limit ultra-low interest rates a important reason is, after the fed will be extremely low interest rates until mid 2013 to rebounded very good result. The economy is in a downturn condition has settled down the employment rate began to recovery, consumption has recovery signs. Verify the very low interest rates, the fed to maintain the decision is correct and effective. This established the federal reserve will keep interest rates low in term fuss. At the same time, although the economic situation steady, but growth is still slow, while the unemployment rate the size also not very large, the real estate market is still depression. As the federal reserve chairman Ben cheap new era hats bernanke said, by the European debt problem influence, the American economy still faces a challenge. The decision to keep interest rates low in order to let investors is peace of mind.

The American economy for out of the financial crisis in the mire, for to boost employment is multi-pronged strategy, simultaneously. Obama in the latest state of the union speech about to boost the economy the main content. Promote manufacturing recovery, speed up the clean energy industries development, increase in infrastructure investment, encourage innovation, strengthen the American worker skills training. Provide preferential treatment in tax policy, reverse jobs' outsourcing 'trend will jobs domestic to stay in the United States. Reduce tax loophole, improve the wealthiest individual income tax rates of income, earn more than $1 million of the wealthy pay personal income tax rate income should be no less than 30%, according to the United States working class of the year salary tax tax cuts and so on. And among them the fed's monetary policy tools but also play a huge role.

The federal reserve has said that, in promoting employment to make efforts. But, we pay attention to, the federal reserve in desperate implementation super loose monetary policy, wantonly $water at the same time, and have not forgotten and regardless of domestic inflation. The federal reserve has said that, since December last year the inflation problems have been suppressed, and determined the 2012 will inflation rate of 2% in the control. 2%, lower than the international practice of control 3% 1%, lower than the 5.4% of the 3.4% inflation last year. So low inflation eventually benefit is of ordinary people.

This indicates the fed still don't rule out a new implementation of quantitative loose (QE3) of possibilities. Bernanke said in the meeting, the fed still has many deal with difficult economic situation measures, such as necessary will implement new loose policy. Experts predict, will be the first QE3 in mid-march implementation. The author thinks that, the United States in order to its economic at all, regardless of the world, regardless of the special position $extremely discount nfl jerseys selfish thought, roll out QE3 not impossible. If the United States once again to put on the market by dollars, then, countries all over the world, including China will impact.

For China, massive foreign exchange reserves, huge national debt shrink devaluation and the input type of China inflationary pressure and economic impact will be inevitable. In this case, if the price can be pressed, the author thinks that, monetary policy should not maintain close condition, should moderate loose in response to the flood impact $. At the same time, China's economic environment to monetary policy has also had the subtle change appeal, namely: China's economy continued to slide condition, also ask monetary policy tools can't last too tight.

Fortunately, from the fourth quarter of last year, after the present Chinese inflation from month to month down trend, it greatly ease the macroeconomic policy dilemma pressure. To cope with the monetary policy from the impact obligate space operations.

Posted by terminalcables at 9:11 PM EST

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Generally speaking, middle-income earners is the main consumption, but over the years, our country moderate income group is slower growth, to some extent, the consumption of the restricted the expanded effectively. This meeting, the 'increase the proportion of middle-income earners' on such a prominent position, do not see more, also to the current social governance and economic structure adjustment to the key point.

Academic institutions estimates, if with income and combination to measure standards, our country's moderate income group is about 240 million people, about 23%; If each person every day to spending 10-$100 for the standard, China's moderate income group is only 150 million-160 million people, about 12%. The Treasury said the previous, raised the threshold to 3500 yuan after, tax number by about 84 million to about 24 million people. And in the north, up, wide, deep first cities, there are quite a number of moderate earners in the old man support, children education, high risky home loans under the pressure, a 'false middle'.

Obviously, this not only shows that now middle-income population less and the weak, and to the definition of middle-income earners, NFL hats also very fuzzy, some not too science place. The first should be to the range of middle-income earners, make relatively clear definition, especially need to improve the standard of identifying middle-income earners.

Of course, 'increase the proportion of middle-income earners' key or by income distribution reform, let more low-income people into the ranks of middle-income earners. From the reality demand to see, in deepening the reform of the income distribution and in a few years, at least in the following several aspects to take out the real ShiZhao:

One is the massive tax cuts, to encourage small and medium-sized enterprise, labor-intensive enterprise development, make more people become entrepreneurs. This is not only increase the proportion of an important way of low income, and form a new moderate income group is the important means. The meeting certain structural tax cuts, need to increase to carry out strength, best can reach 300 billion-500 billion yuan of scale.

Two is to accelerate the equal access to basic public service, especially to speed up the construction of affordable housing. To moderate income earners, the heaviest burden than high mortgages, therefore, alleviate this part of people's the burden, reduce the high consumption of mortgage bring extrusion, no doubt, will be effective consumption.

Three is to further improve social and medical security level. Right now, a serious illness often will let a middle-class home into poverty, and relief just is now a serious illness of urban and rural medical security system in the weakness. This requires the government at all levels continue to increase social security investment, expand the scope of medical treatment of a serious illness.

Four is to promote the MLB Jerseys gap, let rural low-income among middle-income ranks. At present, most farmers also in a relatively low state of charge, which restricted overall consumption to boost. Change this state, in addition to speed up urbanization, more important is to accelerate the farmers to protecting the land rights of property rights system construction, causes the farmer to share more land conversion appreciation income and property income.

However, all these 'ShiZhao', involves system reform, the need for government take out courage and determination, more let advantage people, Tibetan people abound, need as quickly as possible from 'compile priority' to 'people rich priority' development direction of change, thus to improve the proportion of middle-income earners lay the foundation.

Posted by terminalcables at 9:20 PM EST

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On November 2, 2011, Harvard University about 70 students over economics' ten speak 'content' strike 'collective coming out of the classroom. They wrote letters to their professor...... Gregory Mankiw, even China's economy of worship scholars main-canal George. Mankiw...... Points out that: you taught in class of so-called rational expected number analysis method, intolerance and limited (the original for specific and limited), to our understanding of the knowledge of the more practical and vast a barrier. And, because the economics of education mode misleading and error, in the Wall Street a lot from students, headstrong, selfish indifference, should to five years the financial turmoil in the United States was the responsibility.

Standing on the local economic position is that if 'occupation of Wall Street' event is the American economics' Pearl Harbor ', then Harvard University students outside of class mankiw economics, is the American economics' 911 incident '. Harvard students came to realize the economic problems in the United States' local ', before is in the peripheral 'overseas' babies.

Similar 'landmark in the' actually began in 10 years ago, almost at the same time at Cambridge university in England and the United States at the university of Wisconsin, have happened to the economics of the western economics PhD collective MLB hats protest intolerance and machinery, based on individual scholars think that the mathematical research on economic enough to the understanding of the problems have no effect.

2008 years of the severity of the financial crisis, the queen of England inspection of the royal society, the first question is to come straight to the point, the world economy made so big problems, and why we economists without putting up a warning? Make all present big economists sails, also have no yan to!

2009 articles ZhangWuChang professor said: China's reform and opening up to 30 years of economic policy, all to make their own decisions, proved are all right; All listen to the advice of western economics, it turned out to be wrong. 'to get the Nobel most the United States, for example, more than 2000 essay on the crisis, not paper a convincing! '

In April, 2010, the world's financial markets GongWuBuKe almost unbeatable soros (seems to be the only 1997 Asian financial crisis did not attack during hk $way) published "beyond financial", declaring: western economics efficiency market hypothesis has been conclusive negative, put forward one's own two-way reflection theory hypothesis, and with most of my market practice do inspection.

Economic phenomenon of economic behavior by people, the economic behavior by the economic concept issued, economic idea from a person by the shape the conception of economics. A wrong economic philosophy, and is the source of the world economic crisis.

In 1892, the Japanese TianXiaoPing god the economics translated into 'economics', was a student back to China, China, mistakenly think that is can help China prosperity knowledge; In 1902, Evans yan fu "YuanFu", western economics began in China; 20 s, hu shi roc government submits a vernacular advocate, China local economics are thoroughly effectively locked in the MLB Jerseys han nationalities between TangJie; In 1979, the doors open, study abroad western learning 'economics' all the day, less than mastery, is seemingly or pretend to be' returning to China '; 1992 years' NaXun speech ', Chinese media are chafing need to explain 'market economy' people, driving a duck the results act, can do not have 'mix a face ripe' chance, gave birth to the stem 'economists', grasp the economic discourse, in fact from mistakenly mistake everyone! Because the assumptions of the so-called research and economics of real economic problems irrelevant! Mr. NaHuaiJin that in 2007 and the China banking regulatory commission contingent when 'directed at the heart' panel: the White House the doors into not go to, just look at the door a hope, eat a few years cold milk and bread, come back and said foreign moon good big, you know what?

In 1974 and 'opponents' hayek with the Nobel economics JiNianJiang, he said the Nobel Prize confused the other science awards economists' is a disaster', can make the economists swept, get beyond his research domain outside the discourse right, mislead the people and the world. Looks like today, unfortunately he did.

In revolution has started! In western economics is to interrogation harvard students! May be the object of revolt is after the teaching material of western economics samuelson's leader writers mankiw!

Posted by terminalcables at 10:01 PM EST

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The national development and reform commission antitrust bureau confirm, already of China telecom and China unicom in antitrust investigation. Reports say, find out the two companies in Internet access on market suspected of monopoly. If the facts established, the two companies or be in the billions of dollars to hundreds of millions of to a hefty fine.

Anti-monopoly law enforcement has for more than 3 years, has not been a company because monopoly and punished. If China telecom and China unicom really be fined, that will be the anti-monopoly law and the first since the tickets.

China's Internet users close to 500 million, China has become the world's largest Internet access service market. By rights, China's Internet access service should be able to get the best of the scale benefits. However, the national informatization experts committee recently issued in the 2011 years of Chinese China's information form analysis and prediction "report show that by the end of 2010, China's broadband Internet access global average rate ranking 71th, and less than the United States, Britain, Japan and so on more than 30 economic cooperation organization of the national MLB hats average level of the one over ten, but an average of 1 million net access fees per second of developed countries is the average of three to four times. That is, Chinese Internet users enjoy Internet access service not only 'ZhiLie' and 'price is high'!

China telecom and China unicom why dare to do so? Because they are on the monopoly status. In China's Internet access on the market, the two share more than two-thirds add up (there are also said more than ninety percent), and they also league hands to the existing competition between opponent of price discrimination, which does violation of anti-monopoly law too. Therefore, in after receiving reports, the state bureau of hair to antitrust investigation bureau is the responsibility of the legal start; If action isn't taken, but is not as a performance.

However, not a few net friend to the antitrust action a wait-and-see attitude or doubt. Some worry that the 'high lift' this only antitrust hand will ultimately 'gently down', some doubt this' WoLiDou 'type investigation will not' than ', someone with the question of whether the fined and bring benefits to consumers and hellip; & hellip; According to the relevant departments of the preliminary estimate, if can promote the market form an effective competition, the next five years to Internet prices fell by 27% to 38%, at least for consumers to save the cost of Internet service 100 to 15 billion yuan. However, this is just an effective competition for the premise vision just.

When asked if the facts establishment will how to deal with the two companies, the national development and reform commission antitrust bureau deputy director dubost says, 'in the annual turnover of more than a 1% to 10% fine', this means that a fine could be as high as hundreds of millions of and even billions of dollars. But, state-owned company was sent money is supposed to countries, at least most of the belong to the state. Moreover, if the fined after, the two companies still abuse of dominant market position, continue to stop other operators to enter the market, not lower the price, and improve the service, the anti-monopoly to consumers and what is the point?

In fact, deputy director of the punishment of the dubost what measure is not fully comply with the provisions of the law. Anti-monopoly law provided for in article 47: 'operators in violation of this law and abuse of dominant market position, the sunglasses shop anti-monopoly enforcement authority shall be ordered to stop illegal activities, confiscate the illegal income derived therefrom and concurrently impose a one percent sales last year for more than a fine of less than ten percent. 'original, a fine is a kind of auxiliary punishment measures, the main punishment should be "shall be ordered to stop illegal activities, confiscate the illegal income'. That is, the national development and reform commission antitrust bureau first should be ordered the two companies to fully the inter-communication and stop price discrimination, improve the service quality, reduce service prices. However, the national development and reform commission antitrust innings of his lifelong commitment just fine!

The antitrust fundamental purpose is to prevent and halt monopolistic ACTS, safeguard the interests of consumers, not to increase the incomes from fines and confiscations. Therefore, the national development and reform commission antitrust bureau in antitrust investigation should focus on promoting competition, and can't thinking of a fine.

Posted by terminalcables at 8:41 PM EST

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The national bureau of statistics in on October 18, 2011 economic data released, in the previous three quarters of 32.0692 trillion yuan GDP, according to the comparable price, an increase of 9.4%. Divide a quarter to see, quarter grew 9.7%, 9.5% growth in the second quarter, 9.1% growth in the third quarter.

From these data to see, economic growth is in constant deceleration process. That year of four trillion, also estimated to take over, so the growth rate drop down is very normal. The debt crisis, the United States economic drag, China is faced with difficulties in exports is heavy. Although China's economy in four trillion under the stimulus, once can maintain the high-speed growth, but this stimulation disappeared, economic growth speed also began to fall down.

Since 2011, the real estate market face difficulties. A city rising house prices have stopped, house prices have started to loose. A line of estate depreciate sales promotion, individual cut prices to a third. The bank also improve down proportion, MLB hats improve the mortgage interest rates and thus winter ahead of preparation. From the whole situation to see, the real estate market in 2012 will be facing a big difficult.

Economic stimulus policy, besides manufacturing inflation, but also lead to local government debt increasing. By the end of 2010, the local government debt has more than 10 trillion yuan. The national multiple high iron construction fund fracture, within the territory of guangdong province, deep and wide, south of tall your widely different degree of high iron appear to stop.

Although 2011 local government invested in security room, but also continue to push the high local government debt. Income from the local government is to be many major income, however, with the real estate market continuously came near the winter, developers to take initiative more and more low, leading to the local government of prime from shrinking revenue.

The real estate market problems that will inevitably affect the related industry. Globally, the demand for steel will be reduced. Domestic real estate market into winter, as less demand for steel. At the same time, affects not only the steel demand, for decoration industry, construction workers and so on, needs is also down sharply. In addition, several high iron to cease, and also affect steel demand. In the stimulus, that is already produce excess capacity, estimate the problem in 2012 will be more serious.

In 2012, China's economic growth rate will be further lowered. Because of the funds, which may have a lot of projects to start construction as scheduled or not can't accomplish duly investment scale. Expected, the yuan will continue to rise, this is very adverse to export. In the long run, the yuan appreciation to one us dollar may be the time to stop four RMB appreciation. Can say, the future of the export enterprise more and not do.

From all the signs to see, China's economy may be into the winter. China will change the past has long relied on the situation of export-oriented economy, positive start domestic consumption market. To solve the problems of domestic demand, basically not on stimulus, but in legal field to reform. I think the future direction of the reform, which is in the law environment. China in law environment field, may be said to be very bad. Therefore, to the NFL Jerseys rule by law perspective, establishing a domestic business spirit, to severely punish all kinds of fraud, including violates the contract spirit.

In fact, China's economy will face winter is not a bad thing, but is a turning point. From another Angle, this also is the good opportunity to correct the past mistakes. At the same time, also let people realized make stimulate the economy, and can't really solve economic crisis, but in a vicious among the bad.

If the future for a period of time, house prices will drop significantly, the ChaoFang people it is also a lesson. This tells people, house prices is not a only a don't fall things. If house prices in 2012 appear slump, this for many people is a good thing. For a house, it may damage was the house market value, but will not affect their living environment. To those poor people, who may have hope to own their own homes.

China's economy is only a correct understanding of the winter it is true, have a chance to spring, which again to summer. So, I think the official and the people learn to bear this winter, otherwise will never solve the problem.

Posted by terminalcables at 9:09 PM EST

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President Obama in the local time 13, the budget to congress election year. And according to a White House official said the budget will include a tax increase to the rich, at the same time, several hundred billion dollars used to create employment transfer of infrastructure construction projects, etc. Such a position clear budget, be outside as Obama obviously will this as republicans open front with the platform.

The Wall Street journal for the budget shows, the fiscal year of 2012 is the government's budget deficit up to us $1.33 trillion, and the gross domestic product (GDP) of 8.5%, including infrastructure spending billions of dollars. This deficit data more than 2011 financial year of 1.296 trillion dollars. And the congressional budget office previously expected, the fiscal year 2012 budget deficit for 1.079 trillion dollars.

At the same time, the U.S. is expected to fiscal 2013 budget deficit for 901 billion us dollars, accounting for 5.5% of GDP. The U.S. government is expected to last September, the fiscal year 2013 budget deficit is about $833 billion, or 5.1% of GDP.

2013 annual budget also stressed in the United States economy back to the safety of the recovery before orbit, the suspension of the sharp deficit reduction, this also is Obama seek re-election in November of a key. Of course, as well as puts forward the measures of the gap narrowing deficit, according to the budget, the U.S. MLB hats government will be allocated $800 billion for job creation and infrastructure project, of which more than $3000 from the beginning of the year will be used for tax cuts and other measures.

At the same time, Obama also again called on to the rich collection of minimum the tax rate of 30%, say the plan to in the next 10 years will be $4 trillion deficit gradually reduced. "I think is now widely agreed is, now is not the time crunch." The incoming White House chief of staff, jack-Lou last week said.

And Obama's budget is the control of the house of representatives, republicans called "not likely to be successful budget", and further the Obama is represented as only know that tax increases and spending liberals. Since always, all republicans warned that tax increases will kill jobs, to curb the growth of the national debt is no profit.

"We are working to reduce debt." The house budget committee chairman Paul Ryan says, "unfortunately, the President and his party leaders, and not for this process the hard part."

"This not serious budget, is causing debt, confused and backward formula." The speaker of the house, boehner's spokesman also said that, "for a small business tax increases, will cause the economy suffer, make huge debt piled up, cause economic more volatile."

Have analysis, it has become the Obama budget for November second term of one of the largest platform, he take this platform to the American public about the future of the viewpoint, and at the same time, to republican fashion NBA Jerseys into the party of the wealthy, and commitment to voters he will have to do more to protect the interests of the poor.

However, the poll shows, despite recent American economy has been a sign of gratifying, americans still don't know Obama's economic management, this also is currently the biggest problems facing the Obama.

The Treasury the latest data shows, along with tax revenue growth and government spending declines, January budget deficit of $27.41 billion, far less than the same period on fiscal year level. Meanwhile, in the past four months, the U.S. deficit of $349.15 billion, and less than the same period last year of 418.76 billion dollars.

Posted by terminalcables at 9:09 PM EST

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On Thursday, the U.S. stock market rise slightly, three big stock indices and a record high for many years. Greece has announced financial crunch scheme to reach a consensus. The United States for the first time last week applying for unemployment relief toll continues to decline.

Bryn Mawr Trust company portfolio managers chip-le corbusier said. "in the short term, we go some significant progress." He points out that after the stock market rise continuously, the dow closed at 2008 on Wednesday, May 19, a record high since, the s&p 500 index closed at 2011 on June 7, a record high since, the nasdaq closed at on December 12, 2000 a record high since.

Le corbusier said that the stock market rise is the background of the "good economic news than bad, the community to European problem of worries less."

Greek prime minister papanoida who season on Thursday announced summers, the Greek government and the lender the negotiations between the "victory in this morning over." Palmer MLB hats palmer season summers says, "go with the project, to give Greece 130 billion euro loan agreement to new financing."

And before this, Greece's main parties around the scheme in the days of debate.

Bryn Mawr Trust company that le corbusier, unless the Greek fiscal restraint agreements have been the European Union finance ministers approved, or Wall Street also won't rush to shout for joy. He said, "how many times we have realised, but eventually found nothing? I think, although in a very early stage, but they still should restore reason, and solve the problem."

Morgan Keegan company stock market strategy director Michael gibbs said, "Wall Street know that they will reach an agreement in a hurry. But among them there are still many undecided details."

Economic data surface, the U.S. labor department announced that in by February 4, week, for the first time explain get unemployed relief number for 358000. According to the survey, the average expected economists into 370000. The number of the previous week for 367000.

The Greek debt crisis is still the focus. According to the Wall Street journal says, the Greek prime minister spokesman said the Greek leaders have fiscal restraint to plan to reach a consensus. Greek finance minister jose whinny the pooh late Thursday night in Ross will attend the euro zone finance ministers Brussels summit. Greece a new loan program requirements, in order to avoid default.

According to the report, the international monetary fund spokesman said Thursday, in the Greek political party leaders to reach an agreement, the organization and the government will continue to new aid the details of the scheme are discussed. The international monetary fund spokesman rice in regular news conference said an agreement between the ruling party Greek joint is a important progress, and the next will be based on this to continue negotiations.

In London, the bank of England will interest rate at 0.5%, and will purchase assets plan to increase for 50 billion pounds, to increase the total 325 billion pounds to revive the British economy. Britain in the fourth quarter, the economy appears to atrophy.

The European central bank announced that its benchmark interest rate unchanged at 1.00%. European Cheap sunglasses central bank President jean-claude Della auspicious in last year in the November 3 December 8, and two cuts, are all 25 basis points.

China's economic data released on Thursday showed that January's inflation rate is higher than expected, the reason is during the lunar New Year food prices be caused by. China's consumer price index) in January year-on-year growth of 4.5%, and 4.1% in December. Denmark bank senior analyst Fleming-J-nelson think, China's inflation rate rising situation should be temporary.

The dow Jones industrial average was up 6.51 points, or, to 12890.46 point, at 0.05%; The nasdaq composite index rose 11.37 points, or, to 2927.23 point, at 0.39%; Standard &poor's 500 index rose 1.99 points, or, to 1351.95 points, up 0.15%.

Posted by terminalcables at 9:02 PM EST

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Currently, land tax revenue and land related the tax revenue, although both in the total GDP of or than, are bigger, but, in land financial income, which accounts for the bulk of actually or land financing income.

In 2010, the national tax revenue of RMB 7.3202 trillion yuan (including a lot of land and the related is tax revenue) in that same period, the land grant fee for 2.7 trillion yuan. And according to the central bank "2010 China regional financial operation report" disclosure, platform in RMB loans in the loan (late 2010 RMB loan balance of 47.92 trillion yuan) than not account for more than 30%, the size of the loan platform with estimated 14.4 trillion yuan.

In the platform of loans, there are some mortgage pledge to give priority to, and in mortgage pledge again with land mortgage is given priority to, and the local New Era Hats government of the income source, and mainly depends on land financial, therefore, many people worry that, once the housing downturn, the quality of these credit assets became a problem.

Let a person feel accident quite, from the 2010 China regional financial operation in the report on the "local government financing platform loan analysis' look, the central bank loans to the safety of the credit assets platform guard, seems to be will treasure in the pledged collateral and mortgage, the central bank said in a report: 'financial institutions to local government financing platform the loan risk management policy from previously excessive dependence on local government credit gradually to implement measures against the pledged collateral, transfer. '

As is known to all, the bank lending, the basis of issuing basically has two: the lender and the value of the collateral income level. According to international practice, bank loan conditions and qualifications in the review, the most important is not collateral, but is to be the lender income, cash flow, reimbursement ability and credit conditions, this is usually the first income source said. In the process of loans, once will pass by credit risk the tomb before turned to borrow, to the second income source to the attention of the collateral for more than the first income source to the attention of the lender, so, from loans this view, the bank also became 'pawnshops'.

Historical experience tells us, in the risk control, 'the pawnshop' is far from the modern bank. Today, modern Cheap sunglasses '" also is the harm of the pawnshop, when in lending to emphasize "implement touch, the pledged collateral measures transfer", also be equal to strengthen the real estate (strictly, land) as the bank credit evaluation basis. In this case, the real estate market price rises and falls, through the market comparison conduction, eventually evolve into extremely easily money and credit contraction and the radical expansion of sharp, leading to economic entity of sharply heat and cold snap.

On May 30 day night, a relevant domestic programs in 3 months clean up $463 billion of debt of local electric, causing the stock market especially bank shares plummeted. Although, the relevant departments to dampen quickly, the news is not true, but, virtual economy era, is enough to anyone having trouble with a warning to paradises, has repeatedly left a deep impression on us.

Financial mortgage financing risk land, not only confined place debt beyond the local government scale is the limits of, more in commercial Banks and policy Banks for a variety of reasons have finally first reimbursement from had become a pawn in ' ', to China's capital market and macroeconomic bring to the potential risk of falling.

Posted by terminalcables at 9:21 PM EST

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