What is increasing in China or reduced their beauty debt?

March 1,, the ministry of finance issued foreign investment in fixed report points out that, by the end of 2010, China has beautiful debt total was $1.16 trillion, the first time exceeded dollars mark. This data is the Treasury announced after the data $268 billion, up 30%. Thus, the Chinese held American Treasury bonds in the total amount of the second than the $277.8 billion higher than that of Japan. And as the third largest holders of U.S. debt British,New Era Hats its beauty is the amount of debt relative to reduce. By the end of 2010, the British hold beauty total debt fell to $272.1 billion, more than $541.3 billion released last time lost 269.2 billion dollars. The Treasury said, the latest detailed report, more accurately track the hold of Treasury securities investors location, not only to buy calculation. Thus, the widespread analysis says, China holds the total number of U.S. debt appear because of the great changes, Chinese investors in London to buy Treasury had originally been included in the "British bill". "China's foreign exchange reserves investment in, part of it is the direct investment used to buy American debt, and another part entrust other countries specialized investment institutions for investment, among them, the debt is quite important part of clearly." Fudan university, vice President of the college in economic SunLiJian accept the international financial news reporter pointed out in an interview, "in the global economic recovery has not yet stable investment institutions, the choice of more safety beauty debt as investment mark is very normal." At present, both sides are in China has massive beauty debt uneasy. Americans worried that if China's massive selling beauty debt, will lead to rising interest rates in the United States. But SunLiJian think this unlikely, "although with the global economy, the improvement of the environment of China outside the store more investment direction to Europe and other countries. But in international currency reserves of dollars status under the condition of invariable, the China investment direction is very difficult to store the fundamental change." On the other hand, the Chinese also great wealth to the country by the United States are discontented, especially when the falling dollar means that China asset value is grieved. To this, SunLiJian pointed out: "the growing of reservoir and rely on overseas investment, is China's current the only road. When China's economic structure adjustment is completed, the situation will get natural change." "The current China should as far as possible will hand the financial assets of 'soft' change such as inflation for 'hard wealth". The government to increase imports of decided to be a very good, we should as far as possible to buy more advanced technology, resource and overseas mergers and acquisitions,Discount sunglasses etc." SunLiJian said China should hold to hand the dollars financial assets into "hard wealth" for the conditions, further solve China's trade surplus with the United States.

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Construction guarantee room how to "next task"

Affordable housing topic recently more fire. A few days ago, live on behalf of the state council JianBu supportability project coordination group living with various provinces, autonomous regions and municipalities and xinjiang production and construction corps signed 2011 supportability project construction goal responsibility live. Vice premier li keqiang at the meeting stressed that this year engineering construction of 10 million affordable live is YingRenWu, to start all over to arrange, completed and put to use as early as possible. Yesterday and said that, in the forthcoming national two meetings,baseball hats the national association of industry and commerce will propose 19 group proposal, one of which is initiated by the national association of industry and commerce of the real estate chamber of commerce and rent fund plan, develop and the size of the fund will rent at around 20 billion. It is reported, this chamber of commerce leading to set up "building silver glitter public rental housing construction investment fund", to set up a company type stock fund, built by silver glitter and guarantee of the construction of the developers who are interested in room as the fund sponsors and administrator, social qualified to raise funds to investors, and set up the limited liability company project, the construction investment and rent. Admittedly, currently include rent, and affordable housing construction progress is slow, the main reason is the lack of funds and development construction power shortage. Set up and rent fund, can bring in private funds, including insurance funds, the trust fund, and guide a large number of rich real estate development, operation experience of real estate enterprise in affordable housing construction. The national association of industry and commerce of the real estate chamber of commerce proposal, make me think of two days before the editing < a commentary. In the years of land financial operation under, the local financial system than at the beginning of the practice has greatly strengthened, especially some a city, every year, with an average annual income of land transfer as high as nearly billions, take out certain proportion from building security room, is no problem. But, about 1.4 trillion yuan 10 million sets of security room the funds required for the construction, the capital contribution by the local government clearly not, the central financial support and policy support is necessary. Mr. DengYuWen therefore suggest to the security room construction to state-owned enterprises especially scholars from renmin to complete. State-owned enterprises to realize the country it is some of the special and the establishment of the mission, the guarantee of the construction of the room for granted. At least for those of the real estate industry of scholars from renmin guarantee room construction task orders. The proposal is a good idea, but really want to implement up, talk easy.buy sunglasses Whether state-owned enterprises or corporation, real estate developers want to morality, in recent days become a hot debate among the topic. The modern enterprise is undoubtedly will speak social responsibility, not to speak of the social responsibility of the enterprise also impossible to win public praise and more strong. But the social responsibility and moral after all is not the same. Specific to affordable housing construction, ask for that of the real estate industry of some set of security obligations scholars from renmin build room, apparently not reality. If under rigid task, don't know how much will be cut corners of the room without quality guarantee security. The national association of industry and commerce of the real estate chamber of commerce advice, its positive significance lies in that it provides a based on market economy under the principle of the feasible scheme, that is, to the capital operation way absorbing private funds, according to the modern enterprise system standard, to invest in the construction and rent. In fact, this way also can draw lessons from for DengYuWen suggestion, for example, the relevant scholars from renmin out a piece of the profits to used for security room construction investment, let the capital operation process regeneration profits, which objectively for social contribution is a certain amount of good quality of affordable housing. Since let developers profitable, and solves the problem that construction funds-" mission ", perhaps better.

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Flee for life game

Recent how? Since the beginning of last week, the global stock markets overall wave red, there are several Asian small country appear high market innovation, apparently with the current bad fundamentals is can't explain. In addition, QE ended, funds from the market return should be do-or-die things from funds face is no support. Don't deceive you to say, that question is stumped me. For the market's problems, I like to use is the most extensive macro thinking to frame it. Obviously the current trend of the stock market with this way of thinking to consider is the deviation,MLB hats on the one hand, global some of the big economies, including the United States, China, Europe and Japan are faced with their current economic malaise and inflation problems, on the other hand the global after the QE, cost of capital gradually raised, two aspects of the stock market and even to the financial market is a bad news, therefore, from at the beginning of this year, I am a firm do empty pie. But now, the stock market as against the line, some friends through this wave rise has been steady earn not to compensate. But, here I am a chill ideas that financial markets are staged for the game. For the game is very simple, funds from commodities run away and bond markets, first come to the stock market, pushing up the stock market, and finally quietly background. Why this design, very simple, commodity associated with the delivery, storage, and etc, relatively low participation, and bond market because the market size is too big, the money put into not easy to arouse the big waves. In the stock market, market high participation, moderate scale also easy manipulation, therefore, we might as well bold to think so. First look at commodity markets, in a wave of money out surged after the market, we see the same words have different meaning, last year, agricultural products in rise, we often hear "weather anomalies" of reason, and this year the same "weather anomalies" is brought agriculture harvest, lead to produce fell two digits, and so money is the biggest abnormal recovery, not the weather. Also, the silver blown last year than gold gold, but this year the silver make not than cabbage valuable. In the same way, there are some profit the hand. Now, the market play destined to be not moved, because Obama faces election pressure, the high price of commodity market will make out to anger, so commodity market is certain to crack down on down, and, well, funds from commodity market has become the general trend was, where to go to, the we all have seen. This is the first wave fled for their life, because there are tricks FED warrant,NBA hats the FOMC has listed will be used to withdraw from the current very loose monetary policy tool. These tools are: excess reserve interest rate (interest on excess reserves?????????, IOER), Deposit tools (Term Deposit Facility, TDF??), and the counterparty (to expand the level 1 traders besides) inverse repurchase operation (RRPs) and possible directly sell assets. Once the fed started to tighten policy, or tightening expected arrival, so for a second wave of attacks and the future, the stock market will be staged with commodity the same story. ?When crunch? If you focus on two of the FOMC may take action, for action together or separately action. One is the FOMC statement rejected him "for a longer time", and the second is terminated due to investment securities. For the second action, do a simple instructions, bernanke said end of the current investment again due to the securities policy tightening policy is a part of, because it means the market one less U.S. debt buyers, leading to a rise in interest rates.

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New red cliff

Yesterday have opportunity to renew the famous director John woo's "red cliff," big, in the heart not produce infinite daydream. In the history of The Three Kingdoms, peremptory is a watershed in the red. Think that year, prime minister cao with a mighty army to the red cliff, ready to set all the world, what is the momentum. Unfortunately, he underestimated the chongqing light IQ, a fire burned word finds itself courting an apart to roar, and finally led more than 20 plexus game hua-rong-dao escaped from added indignity. Since then, the red laid the three countries of the world war one gains the situation. The red date, cao prime minister annexed green, quiet,New Era Hats and four states, hebei, have half of China's momentum can say is fierce. In the exercise of the red army ZhaoAn way again the good war lacking, can say everything is sorted, only owe the east wind. But the east wind gave SunLiu coalition, for weeks paper and Mr. The bore out at a glance CaoJun RIPS, CaoJun in water by ships end to forcefully built although connected flat as the earth, but also do such as the land deck is dead, no sense of flexible, gave the HuoGong opportunity, the result not from the war. The prime minister cao BaiZhao unexpectedly now and in, in what is now the euro zone. According to the father of the euro mundell optimal currency area of theory, this is I was a big topic dr test, as long as in an area of different countries, the labor force elements can free flowing, capital can free output, product can meet each other, can be unified for a currency area, a single currency, and it is the best results. Germany, France is formulated in accordance with the theory of the euro convergence standard, roll out the euro, set up the euro zone. Up to now, the eurozone has expansion to 17 countries, including 320 million of the population. On the surface, the euro is not not strong, and basically reached its original intention of established, get rid of the international monetary system dollar's hegemonic status. But as stern as powerful connected, weakness and more prominent enough flexibility is stiff. For the dollar or the other sovereign money, monetary policy can be relatively flexible in growth and inflation balance between, but for the euro zone, standard is standard, must resolutely implement, otherwise, the league will collapse. You look at the recent Britain and the euro zone monetary policy are the obvious example, Britain and the euro zone crisis similar in after, faced with the same inflation pressure and economic malaise, but Britain could not raise interest rates, the central bank raised interest rates to the situation, it is the sovereign debt crisis country to fire roast, one more wood, added fuel to the fire. Thus, we see the Greek problem increasingly fierce, the CDS has reached 2000 basis points, Italy, Spain, Ireland, endless problems CDS into positive 500 basis points. Obviously, in the dollar and the euro's war,NFL hats the euro has his backyard up fires burning. The euro since birth since 1999, 2008 years ago, with no experience of what big crisis, and the way the automatics is, as the father of the euro's mundell has become the Chinese universities many high brow functions, the optimum currency area theory has become the key universities exam, but, after the crisis, we found that theory lacks a the most fundamental and most easily neglected elements, that is the concept of all countries policy is different, or countries policy culture is great different, and in this on, and not a centralized mechanism makes this idea or cultural undertake unity, lead to the euro HuaiGuiTai all over the world, thus face self-defeating of the situation. I heard that the prime minister wen and go to Europe to the rescue, there concerning heroes, but China's rich, experienced three kingdoms that history also only I counsel is China, counsel is rich, RMB internationalization become the very will three todate.

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Less investment opportunities, the wenzhou people make money lending what is wrong

China ZhuJia soared as the role of foreign capital what?

"Goldman sachs keep of pig fast market, about some of the pork things will happen......." A few days ago, a people in the media industry in making such information, let a person have to ZhuJia China soaring cause much a few minutes of capital guess. "This round of inflation real peaked in hand, Goldman sachs schedule operation because you said in May see top, Goldman sachs CPI right pig nets a month rose 60% in July, you said peaked in July, high event the food price rises of 60%." Goldman sachs is this energy, can control the pork price trend in China? To this, observers say, recent domestic pork fierce price is one of the Goldman sachs processing, Goldman sachs control the Chinese pork 22% of the market (the 22% of the data is analysts at Goldman sachs said). Although we have not evidence, ZhuJia has soared, Goldman sachs and other foreign to blame, but Goldman sachs have the capability to do so. Enter the new century,MLB hats Goldman sachs investment has a special liking to China's pig industry. And in the live pig industry chain in investment, it is obviously a the profit. 2004 to 2006 Goldman sachs investment in two of the Chinese meat product industry leading enterprises remit-development and the rain embellish food two enterprises have reported the performance does not poor-on pigs boom of the 2008 rises suddenly, two enterprises year profit growth of more than 20% and 30% respectively. In September 2008, Goldman sachs and $2 to $300 million, in pig-producing the key area of hunan, fujian breath wholly owned acquired more than ten professional pigs factory "Goldman sachs pigs" events in various media exposure. On the surface, Goldman sachs though not into China pig industry chain, but don't ignore the breeding the heaviest if provenance, and the fine pigs they would not provide is independent of the company and its, this is the key to the problem. Be worth what carry is, the Chinese "pig boss" foreign line, not just a Goldman sachs, deutsche bank in recent years also started mass layout the swine industry of China. In August 2008, deutsche bank transfers $60 million, for Shanghai HongBo group company shares 30% pig farm. At the same time, the group also inject $60 million in recent years in development in tianjin momentum fierce treasure dean agriculture industry group. In 2010, deutsche bank facing the global issue the "virtuous silver DWS universal shen nong fund, the fund will invest positioning in food industry chain of agricultural products mainly on each link different enterprise, among them, quite part of their money to China, China agricultural market is there is a tremendous opportunity. Businessmen for wealth, capitalist beneficiaries, broad market is foreign capital into China's pig industry of premise. And investment but is always the vane of industry development, the concept is foreign capital of old hype technique, also is the international financial capital unusual discretion. However, more and more foreign capital has the strength, especially transnational companies have extended its reach and China's pig industry, whether the Chinese have a unique to the field of sense and ultimately a "colony"? Of course, let us more concerned about whether a large foreign capital in China to domestic pork market pig breeding form monopoly, and pork prices around. From then on round the pork price, we can see, foreign capital indeed play an important role. Because in the full understanding of or master the domestic pork market structure and almost all market information, under the premise of they can always live pig market in China spot and futures market operation on a large scale, and decided to domestic pork prices is heading, can even against the government of the market price control. Pork prices in China's current a hot issue. This year China ZhuJia soared present two characteristics: one is or outstanding, far more than the food products as breeding upstream; Two is more than a year to ZhuJia always remain high, did not appear people expected back periodically. "ZhuJia brought up a" phenomenon. On the one hand reflects China's agriculture and the weak link of deep contradictions, but on the other hand, and foreign capital into China's pig industry mass was related. Just think, if once these with equity way into the foreign investment,NBA hats in the development of the Chinese economy to cash out very period, China's pig industry is the original ecological industry chain will be what look like? Breeding is relatively backward and sporadic retail investors to lack of funds, how to resist capital strong foreign investment? What is China's foreign investment industry pig breeding in the new breakthrough, or merely a and other investment projects similar investment new hot spot? It is really worth our thinking. Of course, in the short term, China's pig industry is still don't have chanted "Wolf", because both the industry and the characteristics of low concentration of the large size of the market, make foreign investment in production source cannot achieve monopoly. But, for foreign capital to control China's pig industry behavior also can't sitting idly by, the government needs in the total amount of the proper control. Once the swine industry or downstream foreign gradually control, pork prices will surely are underlings.

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Chinese banking stocks have investment value

Since this week, the Shanghai composite index fell gradually from 2800 points above, sparked concerns about whether the rebound over. Hong Kong investment critics CaoRenChao thinks that future stock index up the space is not large; The bull market two period should pick stocks don't see city; Chinese banking stocks have investment value, but because foreign look weak, so short-term ascendant space is limited, dramatic rise should be starting from next year. Monetary policy fastest four quarter relax China stock certificate report: since July, A shares have been pestering near 2800,New Era Hats 2610 points since the market, is super fell to rebound, or you have said before attack on three quarters of market official start? CaoRenChao: on the analysis above all certainly before the stock market is in what level. November 2008 and August is a bull market), and then into the long bull market phase ii, general but for as long as two or three years. The bull market phase ii index lift range is not too much, such as the Shanghai composite index points to 3100 points in 2600 between fluctuation, every time drop back to near 2600 are absorbing opportunity. The bull market two period should pick stocks don't see city. Hong Kong over the past year the industrials heavy falls, increase consumer stock larger, believe A shares. China's stock certificate report: investment community generally expected inflation in the second half the mainland the situation will improve, monetary policy will not be tightened up, why index hesitate? CaoRenChao: mainland China in July CPI peaked a great chance, because in addition to the prices of food, the rest of the price of product of July has begun to recede. The central bank has already raised interest rates because announced, the second half of the most and a interest rate hikes and two raise deposit reserve rate possible. Monetary policy to the fastest will relax this year four seasons, so the second half A shares still can't get rid of the bull market phase ii, until the first half of next year. China's stock certificate report: mainland China's GDP growth has started to slow, enterprise profit seems not so optimistic, mean bull market than in the second phase of good imagination, supporting the bull market of the second phase of the main factors have? CaoRenChao: mainland China's GDP growth slowdown is good. In the world any country or region GDP over 30 years after high growth still not slow, China can't exception. Support the second phase of a bull market factor is monetary policy too loose and not too tight. Enterprise profit overall is still on the rise, mainly industrials dropped net profit, consumer stock, with property, bank shares net profit is still on the rise, but not increase in 2009. So there net profit growth slows, p/e ratio of the decline of the situation. Don't worry about Chinese bank shares China stock certificate report: a famous overseas investment Banks before hair report that, China local government debt defaults will risk, and see the air endowment bank shares. But recently, the message says, since the middle of June, jpmorgan chase and Morgan Stanley, the black stone spend more than hk $1 billion Chinese Banks to take class H shares. The local government will not appear large-scale debt default? Chinese Banks to the current investment value? CaoRenChao: only do not understand the truth of China will worry about Chinese bank analyst stocks. They think that the mainland property prices would be a drop of 50%, killed I don't believe the above situation will appear. Of course the mainland property prices by 10% to 15% of the may exist, the above declines will not cause of Chinese Banks appear non-performing crisis. Foreign analysts to Japan in 1990 to 2008 property prices fall or 1997 to 2003 Hong Kong property prices fall as the reference, and ignore the China is emerging market every year, and has a population of twenty million by rural into the cities, the mainland per capita income will rise from $4000 a year to $12000 a year in the future, so I don't agree with the mainland property prices will substantially of the theory. As for the local government debt, some places large-scale default not strange, but a lot of local government defaults unlikely. Because of the land have value, and the central government strong financial resources. Chinese banking stocks existing investment value, but because foreign look weak, short-term ascendant space is limited, I believe that the dramatic rise will be starting from next year, is at a chip collect period. China's stock certificate report: debt problems across continents, a recent American debt and European debt problem Europe and the stock market, and international commodity market has continued to be strong, does this indicate the the us could launch QE3, gold and precious metals prices will not continue to rise? CaoRenChao: debt problem is still troubling to Europe and America, this is China's GDP growth slows down one of the reasons for the export of only depending on the domestic demand. The United States issued QE3 unlikely, because the QE2 is not effective. Believe that gold is still in high cowhide but not increase,NFL hats for example in the $1400 to $1600 range fluctuate. China's stock certificate report: recently, Chinese concept in overseas frequently were hunted, see empty agitation from the United States to blow Canada and even Hong Kong, listed overseas, the main problems of the Chinese concept in where? The information is the concept a conspiracy, or the overseas capital market supervision system? CaoRenChao: because to the us, and the city to both the concept can listed in Hong Kong, and the level of orders, they affect current listing in Hong Kong to both the concept also hunted. After this round after cleaning instead is a good thing, representative to the four seasons most this year will see an end to both the concept can be bought.

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"Robbed" house property intermediary

According to xinhua net Beijing August 28? News: Beijing decided that the August 31, 2011 up, the city's real estate brokerage institution to house buyers and sellers of collection of house buying and selling brokerage expenses standard unified by 0.5%. The current residential brokerage fee standards formulated in 1997, general agent service the highest fee standards for housing price 2.5%, sole agency service for the housing price 2.8%. According to the new tuition policy,NFL Jerseys residential clinch a deal amount is in 5 million yuan the following, and 5 million yuan to 20 million yuan and the following, 20 million yuan of above 50 million yuan the following, and to 50 million yuan of above, residential business brokerage fee standards are cut by 0.5%, the difference of the clinch a deal amount for 2%, 1.5%, 1% and 0.5%. Beijing municipal development and reform committee charges administration LiHong director, said Beijing since this year already comes on stage in succession series of regulating the real estate market related measures. The purpose of the policies, mainly is to reduce the cost burden and regulating the residential business agency fees behavior. The above policy will directly cause housing transactions cost is decreased obviously. Beijing municipal development and reform committee charges administration made positive place pair place ChangMen peak says, the new policy was implemented, residential business brokerage services cost level will decline 20% above, including the sole agency service cost level by about 30% in; Real estate agents registration, agency loans, dealing with housing check-in procedures three service fee total fell about 80%. (the above from xinhua net) "intermediary fee limit" : gentleness a knife any lower transaction costs policy will promote the trade objectively, and this year the contraction since the bank credit, land transfer policy and limiting the purchase, limit credit are designed to shrink liquidity control day look forward to the serious inflation. The policies and the control policies before departure from and appear some weird, even if true to reduce transaction costs, direct reduce agree tax, why would this point in on such a strange policy? The author thought that the policy has not been effective before is tax reform government in solving problems where the phases of debt products. "Limit intermediary charges" is the inverse of the market behavior, equal to the direct consequence for real estate agencies increased by more than 20% of the tax burden, house property intermediary to keep the past earnings need to sell more than before the house that led directly to the government than ever before the deed tax increase. Of course this policy may also have another side damage cause some small profits of low house property intermediary business. Real estate intermediary market was is a fully competitive market, most trading concentrated in a few large enterprises and intermediary company hand,NBA Jerseys the author thinks that the policy appearing for the tax increase is, very possible reason is that debt has the place hard Numbers, control let the land transfer and real estate transactions atrophy leads to a local tax cuts, the financial crisis period to stimulate the economy for now the urgency of local government debt, which made us believe that the policy will permanence to place the serious problem in many parts of the debt, but also will have more weird disguised collect tax policy out.

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Through the eye of the ZhangWuChang see the private financial mess

Chinese entrepreneurs published yesterday ZhangWuChang article said the net: China does not exist supportive. Some time ago to central bank officials admit that, at present the state-owned bank deposit is actually supportive, and this situation from February last year began. Say so, has the authority of the CPI growth in the data enough to evidence. But Mr. ZhangWuChang rock, said inflation is higher than interest rate is not supportive refers to the expected inflation rate supportive higher than the market rate. Mr. Zhang said, fisher-price issued in 1911 "the buying power of a currency" provided the penetrating analysis. Human had already in the 21 st century, this 10 years,sunglasses shop the world financial whether the technical level or the policy level, can say already reach the limit, the financial crisis began in 2008, and in a way that the contemporary financial development fast, scale, the influence of the giant, more than one hundred years before the case can match. Even in one hundred years ago, and who would believe, the so-called supportive refers to "the expected rate of inflation" higher than the market rate, rather than the inflation rate is higher than market interest rates to reality. Actually I have a formula fisher is discovered that. Just think there are two hypothesis can make people choose: one is the inflation rate is zero, bank interest rate is 10%; 2 it is annual rate of 10%, the bank interest rate is 15%. Obviously the former option more beneficial for people. The so-called fisher formula, popularly say is, you actually get LiQian equal to the bank is to give you the nominal interest rates minus inflation interest savings shrink. If pushed CPI inflation high exceeded the bank interest rate, so obviously, the nominal interest rate is negative. Professor ZhangWuChang why deny the existence of supportive, and not to pursue. Let people firmly negative property shrink, needless to say. But more important, supportive keep interest rates of the enormous double track existing space-bank funds to be too easy, and just accept lower interest can unwind big money, this can be artificially in bank loan interest rates and lending rates folk formed between great drop to the related parties ShangXiaJiShou left the vast space. January ago guangdong media reports, folk lending interest rates have been generally rose to 6 to 8 points you borrow-and that is per month, converted to as high as 72%-96% annual interest, individual folk lending companies on annual interest even to 120%. And the bank in the benchmark one-year loan interest rate is 6.65%, guangzhou folk lending rate has reached the highest interest rate of the bank loans 18 times. Yesterday's 21 century economic report also revealed, in July, wenzhou folk lending comprehensive annual interest rate level of 24.4%, you borrow-and that is per month for 4% to 6%, the lowest in income can reach 48%, deduct money idle, bad debt and cost, and the rate of return is still far higher than most entity enterprise profits. Why such a high interest rates also have market? Because after the financial crisis, China's large small and medium-sized enterprise capital demand soared, but the money but just want to state-owned Banks to lend to state-owned enterprises, to small and medium-sized enterprise common folk arisen, the latter have to to the folk financial institutions for help. Folk financial market demand exceeds supply, and pushing up the step by step folk lending rates. So, the folk lending market so big of financing volume, where again come of? Wenzhou university professor MaJinLong said, he has an do high-tech agricultural friend, from the bank by 3 credit, but at the moment is not need so much money. The boss calculate a bill: from the bank lending at a, 50 million for the enterprise development, 50 million interbank lending out, with the annual interest rate is 50%, have 25 million interest. Part of the money used for folk lending, and that's it. But, bank officials is no fool, frequently tens of millions of dollars in loans and interest income are never take the "customer", the transmission and interests here FenZhang relations, is no secret. How to do? First to solve problems firmly negative, secondly,MLB Jerseys resolutely to prevent from state-owned Banks lending at low interest rates in the capital into the "black gold channel". And to do these two points, fundamental solution is open of the financial market, let go of interest rate control. In 2005, the state council issued the "non-state-owned economy 36" would have definitely put forward, "allow the non-public capital into financial services"; Not long ago, prime minister wen jiabao presided the economic situation and reiterated that the symposium: "to further advance the interest rate marketization, exchange rate mechanism of reform." From the view of the current situation of private financial, the financial system not touch war greatly, really not line. Through the eye of the ZhangWuChang see the private financial mess

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Less investment opportunities, the wenzhou people make money lending what is wrong

Recent wenzhou more and more business owners "run road" has caused the attention of all parties. , these are a lot of wenzhou small and medium-sized business owners for folk lending capital chain crisis and worried. Business owners generally feel, and small and medium-sized enterprises in financial institutions loans difficult, "persecuted" enterprise have to choose the high interest rates folk lending, wenzhou huge folk lending market now has involved the local every family. The wenzhou newspaper quoted a central bank wenzhou central subbranch of released "the most economical way investment questionnaire survey, in the second quarter of this year, choose" folk lending "customer account for 24.5%, for the first time more than" real estate investment "first place,NBA hats wenzhou folk lending market is currently estimated scale about $110 billion, about 89% of the personal and family and 59% of the enterprise all involved in the private lending. 89% of the wenzhou family involved in the private lending, it I'm afraid at home and abroad in the city is unique. Maybe someone will say, wenzhou people too rich, more do not know how to spend, just take to usury. Of course, the actions were the court of all this. A financial commentators wrote, if not brake the agitation of wenzhou private lending, large-scale capital chain rupture and bad loans may be the first against China's financial security of fort place. However, this view seems to be some exaggerated. Because investment opportunities too little, people of wenzhou lending money and did nothing wrong. Compared with other place, wenzhou folk lending does seem some unique. As is known to all, capital are for profit, wenzhou people don't get to usury, don't let them put the money in the bank, CPI eat? Actually, like wenzhou and folk lending should be the financing of small and medium enterprises a platform, but because, in "the system" survival, making folk lending has been the complexities, and ultimately affected the development and growth of small and medium-sized enterprises. A mature society, an effective government, should not let any of the reasonable needs a major long-term free in the system besides, the government should pass legislation to solve this problem. In February 2009, the central bank put forward enacted the) ordinance, and formed a "draft version of". ") ordinance is a positive signal, will make the folk lending problem is expected to be significant breakthrough, enterprise and individual would be a "only loans don't store"). At that time, the people's bank of China of research, said: "), will launch once regulations perfect multi-level credit market, only to borrow not exist the development of professional lending institutions, these institutions for the development of small and medium-sized enterprises is a great help." However, two years later, this has not the below. Dialectically look, wenzhou folk lending present, both the past left over from the old problems, but there are also 2008 4 trillion help city policy for small and medium-sized enterprises to the influence of capital chain rupture. This year the government decision-making to fight inflation, for central Banks to freeze the financial institutions more than 20 of RMB one trillion of funds. In the past two or three years, the government plans to start new investment scale already accumulative total of 1.2 times as high as economy, doomed to exacerbate the government and state-owned enterprise and private enterprise fight between the degree of resources, these will lead to borrow this year to scale and condition folk unprecedented scale. A prominent example is that last year the central bank monetary tightening after, enterprise of capital huge demand push the gap of private financial interest rates. Data showed that in 2008, wenzhou folk lending to the public of the macro you borrow-and that is per month on average for 8 to in 2009, up to 1.5 points, up to 3 points in 2010 (36% annual interest), double every year. Zhejiang folk capital of the average interest rate for the loan actual you borrow-and that is per month 3% (36% annual interest), lends you borrow-and that is per month 10% (120% annual interest). This years, thanks to the wenzhou people all over the country to go to investment, cause the government department concerned, and even publish relevant policy limit their investment activities, lead to wenzhou people a lot of money without investment. When the first ChaoFang wenzhou group,NFL hats wenzhou, chairman of the board of WuHao says transcendental real estate, house not let fire; Fry coal mining is state-owned enterprise incorporated, shanxi coal to make wenzhou private capital in coal mine on the loss of more than 900 to. Because of this, the capital flow to the natural changed, appeared before ChaoFang, then fry, fry coal mine, and is now "fry money" situation. In fact, the mature market there are reasonable speculation composition, folk lending is not equal to the principles, the investment to speculate. Although usury is irrational, will be affected by a person's blame, but the wenzhou people make money by lending more criticism, so far, the law does not limit folk lending. More important, the domestic folk lending is stop, because small and medium-sized enterprise have needs, and financial institutions can't meet again. Can say, the folk lending to small and medium-sized enterprises is the perfect service, this kind of its grassroots action, no one can deny that. Sustainable development of smes, obviously can't rely on several official financial institutions to support, it needs more and more extensive "grassroots financial"-and that the "private bank" to provide them with the financial support.

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Wine need to aging, not having false

The new food safety scandals together again shook the Chinese market. A few weeks ago, JiaJiuAn cause the police close attention: six management personnel were arrested, 16 company bank accounts frozen, nearly 30 vineyard the seizure. China has just from 2008 poison milk powder that recovery. That year,New Era Hats poisonous industrial two melamine milk powder to join in the protein content increased by six infants dead, 300000 people of the children's health is different influences. Now, charges are very serious: the use of chemical transformation and false label (including well-known trademark "the Great Wall" brand). Spoofing events in hebei province first found, accounts for the grape yields a third. Hebei province was dubbed "the China bordeaux". The police found some wine into anhui province, only 20% of the fermented mash, surplus water, sucrose, become for flavoring and dyeing agents chemical preparation. Every bottle of 10 yuan low price is completely deceived customer trap. Danger is from the huge supply, each brand in 2.4 million bottles of sales more than a year. These products have been raid, from the supermarket next frame, but wine is in panic spread. As markets mature, profitability face crisis. New consumption habits, more intense curiosity and spending power to the Chinese people to taste different flavors of alcoholic drinks. Double-digit annual growth makes China as the world eighth largest market. In addition, the quality of the wine product demand continues to heat up, from France and other famous national import wine also increases. Every Chinese New Year, relatives and friends of the most fashionable gift than a bottle of "pull Philippines red wine" (pull phillips in Hong Kong red wine red wine market value of the stock market, and 25%). The Chinese government acutely aware that this is a serious problem. The JiaJiuAn not only against the case, but also for a typical case of forgery. The diet is the Chinese culture is one of the fort.MLB hats False wine is growing prosperity in China of the red wine market crit and consequences far not limited to the economy. It discouraged consumers, market and trust in government. Protect citizens person property safety is the first priority. The crackdown on crime, hard-line rapidly, but sometimes, but to little effect. Only four years ago, China's food and drug administration for taking bribes and the person in charge of the food market loose hair licence and was sentenced to death, at the time, the situation is still vivid.

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Radio and television department can do broadband market catfish

Deals with three nets fusion, the local people's congress all like the United States as a sample. Will the United States said about cable operator is how to break the monopoly market operators, basic telecommunications services into. Especially the cable operators VoIP and broadband market in achievement, it is to let the domestic cable operators mouth water. So natural, early in the three nets fusion before formal emerge, radio and television is put into broadband as a basic telecommunications business's climax, although many WuPaiZhao, but it didn't stop the cable operators around for broadband business, the relevant competent department also naturally is sees with one eye closed and with one eye. Some people think that broadband market is a monopoly market, this view not wrong, the telecom network market skill will belong to the natural monopoly market. So in this market government control more than other market, price control, service quality control, into the control, vary. The government control of an important purpose is to improve the competitive monopoly enterprises and inspire them to simulate competition of the market to improve management efficiency, actively adopt new technology, reduce cost,New Era Hats not by improving the monopoly prices to make a profit. In simulation of competition, an important policy options is introduced into the nature of the catfish competitors. Let these behemoths can't sleepy, keep enough awake. That year the establishment of China unicom have so a layer of meaning. Many people think in China's telecommunications market have not reached a sufficiently competitive level (of course, this is not possible unless monopoly economic law failure), this also is the market into broadband radio is an important economic reason: improve broadband market competition efficiency, improve public service quality. But, radio and television is obviously difficult to as catfish exists in broadband market, because be the important premise is catfish: this catfish is to have better than his rival more flexible mechanism and a more powerful innovation ability. Or as a catfish competitors, to have lower operation cost, can be used in a more advanced technology to create is far lower than the industry average cost of the products and service, so as to inspire the monopoly of the giant competition for consideration to improve their efficiency or to adopt new technology. Or further said: lower the price of a product that can't get as catfish competitors relying on the policy or financial subsidies for monopoly. Otherwise he will encourage other monopolies to bargain policy managers, seek the support of the market. And this is the most awful: competition in the power of the close with the launch, was finally damage total social welfare for the result! I'm afraid it is also the biggest worry three nets fusion. So say,NHL Jerseys radio and television is in the moment, I'm afraid still does not have the ability to act as catfish. Introducing such catfish, I'm afraid expectations and the results will backfire. But the broadband market does need catfish!

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Wagner law: a real estate developers see property tax (housing property tax) inevitability

Recent countries will secondhand the room preferential terms from two to five years, because I have been engaged in the real estate industry, people felt that this was a natural thing, recently in the financial friends's attention, all through various ways to discuss the matter, I from inside the industry to put forward some not mature opinion, please correct me friends: when the country has issued these policy, I once thought of the 1880 s famous German economists Wagner, his famous Wagner rules just can explain it: Wagner rule: when the national income growth, with greater financial expenditure growth proportion. With the improvement of average per capita income level, the proportion of government's expenditure to GNP will increase,Cheap sunglasses this is the relative growth of finance expenditure. Say simply, I think: because of the weak U.S. economy, coupled with China's economic development, national income growth, which is China's financial expenditure increase the proportion of growth, cause financial income increase of urgent need. So, we can see, the near future, a series of economic events happened is traced thing, can form a thread: (see below) China's positive fiscal policy is easy to evolution of the investment for the positive fiscal policy (this reminds me of another economist). So, I personally think secondhand the room preferential two years become five years of policy changes, the short term for some firms have important influence,NBA Jerseys and long-term impact on macroeconomic will not let contempt, down the main ideas, I from an Angle of the insiders see real estate company, think basic is "two head benefit".

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Drug of circulation why much

Many people put the blame on China's drug prices one high drug of circulation too much, and put forward through the "reduction of circulation?, lower drug prices" policy Suggestions,baseball hats such as professor who released November bowen "system for basic drugs move who cheese" say this again. In fact, the "medicine circulation links pushed up prices" this statement is completely reverse the causality, the correct statement is that the "public hospital monopoly retail drug market, the led to the retail prices of empty tall, retail price and factory forms great price difference between space, can allow medicine circulation links and layer upon layer, and at the same time, JiaJiaLv control increase due to the rebate and rebates for the main characteristics of public hospital drug distribution pattern also lead to medicine circulation links, the efficiency is low, the layers of a premium. The huge price difference to the circulation of each link to provide the living space". Although the virtual high blamed on drug prices of circulation is reversed, completely causality. But Chinese medicine circulation links, the low efficiency is a fact,discount nfl jerseys so why did so many years Chinese medicine circulation not lead to "less link, high efficiency" business model? This is the second one and will give you the answer. Look over these here, also be clear about China's drug of circulation why so many and persistent. Also be clear about how to "reduce of circulation".

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Of future economic and market opinion

Anxi's 2012 investment strategy will securities macro view the high good wen macroeconomic level, and real estate investment by foreign demand and the influence of the decline of funds, the entity economy growth is a significant decline,snapback hats drive inflation fast to the downside. As inflation pressure and the economy overall subsidise stall, monetary policy turned to relax. In the short term, deposit rate cut further back accurate inter-bank market liquidity, but the real economy depends on whether the liquidity bank deposit of turning point than limit, credit on the strength and progress, and foreign exchange of the gap further trend. The real estate market adjustment may also influence in the tendency of liquidity. We expected to ease the liquidity could gradually,polarized sunglasses but the situation still need to see more cautious, and wait for the broad spectrum interest rates down to confirm. In this period, economic decline speed, the relaxation of the policy of real estate stock to the schedule, the process and real estate related policy fine-tuning speed constitute the focus.

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Marketing but a piece of cake product only humble heart push

January 13,, ikea opened for the tianjin shop begins "pancake marketing", from the day to 17, the delivery of 100 free every day with new store information bags "tianjin pancakes", the public attention to, are queuing brought bread or discussion. ?Similarly, from January 16 on, Beijing jin yuan inn unexpectedly the home made a free dinner also. But it coupons are granted under: customers in the evening to at 5-9 times of consumption of $10000, with sales contract with the payment voucher to receive a meal vouchers. Is actually "buy sent" or "coupons" a new form. ?Are all household stores, set a specific conditions, then do a free feeding. Ikea pre-opening marketing is doing beautiful,baseball hats because they do in Rome as Rome does do tianjin pancake fruit, if changed the starbucks coffee and Sweden three days the far right away just....... This let tianjin consumers feel kind, and then from citizens are more likely to receive psychological ikea new store. ?The plan also unexpectedly the home a little meaning. Although set higher shopping amount to the threshold of the house, but can be classified as to a big customer value added services, snack or dinner. The same investment scale, vouchers are better than in the home support valence certificate or give small furniture to sell field better, that let customers feel that is extra gain, and not get a due cheap. ?2007 years ang lee's film "lust, caution" dynamite, also let original fiction author Eileen chang's words more well known: "to a man's heart is a stomach, and leads to a woman inner shortest path is vaginal"-a word without permission after JiNvZi or people with dusty, generally speaking, very few people were willing to admit or understand, former half sentence of truth is true, also should the Chinese saying "saying". ?This shows, such as household market marketing service "to eat" article, it is likable, small cost, the larger effect is cross-border combination marketing of good case. ?This afternoon, a friend of zj one thing: he to 2.5 yuan meal specially run to fill has repeatedly unit dining room. The unit that zj, is one of the largest area Shanghai media group, reporters, management, and employs approximately 5000 people, the unit encouraged everyone in the canteen meals, unified in the respective exclusive electronic rice card to check out. Staff board is 1 + flexible standard of month, each meal card to send in $240, then you every day to eat a month or two, after credit card and receive subsidies by the system to the 2.5 yuan (in 20 days, equal to the total monthly is most 60 yuan); There are seven eight times, he thought of today because of the meal allowance card also didn't take, especially a trip to the dining room, or in the unit for half an hour and then go to the dining room. ?According to preliminary statistics dining room, since a daily charge incentive mechanism, 2011 staff dining rate compared to 2010 around 40% increase over the same period. The yearly salary is in 100000 yuan of above of the general staff, the unit dining room if 60 yuan per month (or even two or three times the price) or 2.5 yuan every day in the form of cash subsidies issued asking people to eat more, I'm afraid you're not. ?When eating, many people heart will become soft, businessman or unit is good and say hello. Happened to zj place unit incentive mode of the novel, the effect is very good. ?To see the ikea tianjin shop and unexpectedly the home of Beijing store free meals to marketing, is typically user thinking, look be like simple actually adequately, listen to find a customer demand, earnestly do some useful things. Retail business marketing, when learn the simple to "norm" type of idea,discount nfl jerseys remove flowery and extravagance, real consider for the customer. ?China's retail business is not good marketing, good product of pushing, lack only find good marketing, good services of the heart of humility.

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A fringe journalist's work summary

2012, so. In the past year, many things explosive happen, gently recede. Move the car events in the past, Mongolian cow and "qualified", Siemens to can go online and on the Po users put into the door closers,, Da Vinci cry again after make, in international oil prices to fall much of 2011 China oil prices also realization made a modest fine tune...... , this time, is this surprise or sad, I don't know. Also, of course, some problems still was not solved, such as my train ticket or not to order, although I can get to the Internet, and playing the dozens of times of phone calls. Hear, sell tickets before I of cattle,snapback hats this year to pour a teng iphone4s switched, who knows! But the latest news reality, he didn't seem to make money. 2012, whether the decision makers in time of peace prepares for war, or small as we each can be called 1.3 billion of the individual, will meet such a special year. Get to the point, today I don't speak methodology question, very embarrassed to talk about don't understand the problem of the world. And, of course, is my own. That is from my personal experience to speak about. From the Beijing daily practice, count me do reporters have five years of time, wrote the article (or no sign of authorship of soft and hard, the written, and saving......) In one million words or so, but I'm very afraid of people ask me a question, you have been written about what the article? Fierce of a problem. The implied meaning is "what is your masterpiece?" Indeed, I have no representative work? The problem on anyone there, in fact as long as ask yourself one day, you will feel the past a day is living in vain, because no fully for his own ideal, their goals and try hard. I go to see "the fly armour, the movie, bought a copy of the movie" magazine, director tsui hark this lifetime in the film almost are spread, until now only three hours a day, most of the time in life. I micro bo, see the LuoYongHao business story. He also sleep only three or four hours, this list and zhang yimou, etc. The success of the common people seem idiosyncratic, is less sleep, do much. Carnegie in the human weaknesses "in also said so. I was born in 1982, in 2012 is my 30. The people born in the s, may be more blame "collapse generation", in the contemporary Chinese society is also the most difficult existence a group of people. Also is 30 years old before, chew old, 30 years old chew "." Because everyone is at least four behind an old man. Do every thing is hard to imagine setbacks and difficulties, and the difficulties will not because you were born s and change. I hope everyone (including me), all can have a crisis suffering consciousness, to meet you want and unexpected challenges. Back in 80 came up after. This generation also has a lot of outstanding person, like han han, had been in "revolution" "democracy" and "freedom" field as the world the focus of attention. And as I, also for survival pressure anyway. Of course, this only proves the past I don't too hard. Actually spoken parts in an opera, the pressure of the life is often not what pressure. No progress of pressure is the pressure. Cynical, or critical, not conducive to solve the problem in front of us, especially survival problems. Do not know everybody see didn't see "brokenhearted thirty-three days", there are words that "you connect people haven't had, take what questioned life?" Said is quite right. In fact some of my friend's rural with this qualification, but they questioned as I shouldn't born, because can't afford import of milk powder. So they asked me why I still not life, I will say, etc can afford the say this is not actually milk powder, but, the long run, you have to let their children to you is proud to just go. I think that,polarized sunglasses as a isn't old media people, I could give us question the time of life, in perfect oneself. To the diligence and achievement peers study, would like to express to all older than us, senior teachers to learn so that the era of deep in our peers, not for wasting time and remorse, not because liuliumowei shame. Make your parents proud with us, let my leadership think choose me yes, let my colleagues and I work together for some more happy. Quoted on the those years, we together after girl "in the word, and talk about the ideal. Is "let the world because of I, can have a little bit of difference", and to my relatives, friends, colleagues, and so on. Who is not? Mutual encouragement.

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Poor credit data is the deposit reserve rate cut main reasons

On Saturday night, the central bank announced suddenly, on February 24 on, cut legal deposit reserve rate 0.5%, again shows that the central bank's "surprise". Because just on Friday, the central bank has just through the inverse repurchase between Banks to inject liquidity into the market. From the current entity economy needs, and lending rates to see,nfl hats the deposit reserve rate cut starting point is not just bank funds between price, but more relations in the real economy level credit data. In the recent by the fourth quarter of 2011 monetary policy implementation report, the central bank said, 2012 M2 year-on-year growth target to achieve 14% level, according to the calculations, new loan scale should be in 8 trillion or so, if according to the past 3:3:3:2 season on the ratio, average monthly performance in the first quarter put should reach the level of 800 billion. In January the scale of new less than 740 billion, has been lower than expected, if the Spring Festival factors, then February should bounce, but from the first two in February last credit data to see, than January much worse. Credit data so low, both supply and demand levels of reason level. And the legal deposit reserve rate cut to the recovery needs, ease supply constraints. Day, deposit return rate lower than expected, apart from big sinking outlets do more, deposit growth can maintain, other are not so satisfied. In addition,cheap nfl jerseys although new foreign exchange in January the gap is improving, but recent data, the appreciation of the renminbi speed is slowing, foreign exchange to step into the gap may downlink channel, therefore, DaiCunBi still restricting loans space. Cut the legal deposit reserve rate is not directly improve DaiCunBi index, but bank of ChaoChu rate increase can increase investment in bonds, which indirectly create deposit, reduce DaiCunBi. At the same time, the public of generating capacity, the main industrial production all showed that entity economic downturn, domestic demand fell significantly. In this context, the long-term credit growth since the crisis hit another level of low level, and bill financing also presents the "quantity price fall together", loan demand is also on the decline. In the current fragile that macroeconomic environment, if the loan interest rate level is not continue to fall, the enterprise can't find enough profit space project. This and last year's situation quite different, last year loans nervous, folk lending and borrowing become common practice, capital prices rocketing, fry the money to make money in effect, many big enterprise ACTS as a "two way dealers", and the money from the bank at a higher price lend, profit from. But in wenzhou events since the outbreak of the folk usury has been convergence. Due to the real economy since the last quarter of last year since falling fast, enterprise profitability down, although the financing costs have declined, but as a short-term loan pricing standard 3 months Shibor still in high. Since this mention must since, Shibor interest rates have been easy to go up to fall, more deep-seated reason behind is financial to take off the media. Cut the legal reserve ratio of Banks to increase ChaoChu gold, reduce the currency market interest rates to help reduce loans indirect real interest rates, to increase loan demand. Therefore, poor credit data is the main reason of the reserve fund rate cut on the economic level presetters fine-tuning, the most valid control index should be credit data. In the real economy weak demand and various regulatory index restriction of, how to stimulate the effective credit demand and supply, will test the people's bank of China, the decision of wisdom.

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China's central bank drop must love to play "hide the cat cat"

Without a doubt, China's central bank to a victory over the financial market expectations; In a simple choice questions in front, the central bank will be duty-bound to choose to stand in the opposite of market expectations; And officials have declared expectations management conflicted with the fundamental key, the central bank of choice over market strategy to bring market expectations of disorder,cheap new era hats and disorder can lead to turmoil in financial markets. February third Saturday night at eight, the central bank to calm water fling out in a heavy stones, rippling water waves. The deposit reserve rate 50 basis points cut selection in such a date announced that really unexpected, although money market funds in the last few trading day last week is very nervous, but the central bank has inverse repurchase operation, so traders to short drop must expected dissipation, ease at home for the weekend. Save the accuracy of 50 basis points cut, no doubt, can let traders collective cheering, after all, not to go for the positions matching reggie capital; But the excitement I, traders can't help again how much some sad choke, the central bank baton was really hard to see the direction. The central bank reserve rate adjustment to some degree on top of the expression is more policy presetters fine-tune the rapid response, also accord with the fundamental key policy since the beginning. In a week ago, by the central bank in the fourth quarter of 2011 monetary policy implementation report declared in 2012,best sunglasses the money supply growth was 14%, the implicit of new size of credit in 2012 in 8.5 trillion. And credit on the dependent on bank capital the better. Traders may argue that the central bank adjust the deposit reserve rate because the soaring cost of capital Friday sparked concern, in most cases, this belongs to the romantic. In the financial markets, money market interest rates have not one of the goals of the central bank to control; Before the Spring Festival double-digit funds rate, the central bank still rank diaoyutai, that is, put down the accuracy, when the market research and investment manager macro experts are predicting, central bank before the Spring Festival, the deposit reserve rate cut at least 50 basis points, but the result is the central bank let financial market disappointed to spend the Spring Festival, consistent expected effect. After the Spring Festival, in two inverse phase buyback expires, the money did not worse, market to the deposit reserve rate cut expected gradually delay; Although last Thursday and Friday capital prices began to nervous, but last Friday there was more central bank news of the buyback inverse again, financial markets to the deposit reserve rate cut expectations continue to delay, investors argue that the central bank will normal operation of inverse repurchase, corresponding reserve rate cut down in the necessity of the system; But, the market is expected to again wrong, the central bank announced on Saturday night at eight cut reserve rate; The central bank is expected to win over the market, easy. The central bank has been expected to emphasize the need for management, expected the significance of the management to lower the policy intervention is small the cost, to the financial control concept is deep the dividing line between the monetary policy is to understand the rules of the great differences. At present the western economies in monetary policy should be emphasized on rules transparent and independence, the purpose of which is expected to strengthen management. As the federal reserve Ben bernanke dominated by a transparent system design, the default rules in of market expectations for guidance and management, monetary policy in a transparent manner trend to understand the market, so as to make policy in a way can be predicted the market, in order to avoid abrupt policy that the impact on the market. In addition, the bank of England and the European central bank also have set up a set of rules for the monetary policy system; These rules including the established the arrangements for the meeting, then the disclosure meeting minutes, news conference, policy objectives and stable, independent monetary policy rules; The fed and the practice of western central bank for these institutional arrangements, for the central bank set up a high reputation in the market and influence, obtained the good policy effect, also for market institutions are more likely to accept. London school of economics professor Charles eidur gudjohnsen hart (CharlesGoodhart) used expected socialist (expectationlists) to conclude the monetary policy practice and the traditional, in these scholars and policy practitioners, it seems, the core of the monetary policy, is the management and guide in the economy expected; And the central bank monetary policy transmission of information, than policy tools itself is more important. Although domestic monetary policy authorities have been stressed the need to improve the monetary policy independence and transparency, but at least from recently's practice, the central bank often inverse expected and move, and financial market playing "hide the cat cat" game, cause you financial markets. Market participants on long-term monetary policy lack of expected, which in turn leads to investment, financial market liquidity lot disorder, efficiency decreases, financing function attenuation. The description of the profiling might not dramatic, but just look at money market traders this more than a year for capital positions rolling sent special anxiety out of eyes and state, all but at not did. In fact to tell the truth, traders don't like to play "hide the cat cat," especially and central bank.

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Republican primary bright start candidates have also prepare for the New Year holiday

According to xinhua, in preparation for, on January 3, on the presidential primary, republican candidates in the U.S. presidential race have to give up the New Year holiday,new era hats in the first of four party primary campaign held to run for votes. On the last day of 2011, the most recent activity is victory in rising the most obvious of the former Pennsylvania senator rick santo le mu. He that day in five place five games voters mobilization activities. Other candidates also don't fiddle, former house speaker gingrich and Texas governor rick perry, in different locations were also took part in the election campaign. On the day of the candidates is the relatively quiet support of the former governor, Massachusetts leading mitt romney and Texas Congressman RON Paul. According to the latest poll results,baseball sunglasses romney and Paul victory in approval ratings were 23% and 21%, respectively in the first and the second republican candidates. Michael santo's 15% of the vote, with no. 3. Victory in 2012 will be held on January 3, late primary, that is the republican presidential nomination procedure first primary, plays the role of the vane election.

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Nigeria's President announced the state of emergency shut down three neighboring part of the border

Nigeria's President announced the state of emergency calls the country "sectarian (conflict) crisis is gradually evolved into terror"; Close and three neighboring part of the boundary of Nigeria's President eidur gudjohnsen has "g-Michael-Jonathan December 31, 2011 ordered the northern and central parts of four states in a state of emergency, close and three neighboring part of the border, in order to curb the violence. Jonathan broadcast on TV, announced on the northeast states, about the bolton's central state and the state, and the plateau in Niger in parts of the state of emergency indefinitely,nfl hats temporarily shut down with Chad, Niger and northeast of Cameroon border. Based on this order, security forces can in no evidence to arrest suspects, need not approved and enter a search. Christmas day in 2011, Nigeria in many bomb attacks, including about the state, plateau state and Niger states, at least 42 people were killed. "The holy land," the organization that make these attacks. Jonathan said: "Nigeria in some parts of the northeast sectarian (conflict) crisis is gradually evolved into terrorist activities, spreading to national many areas, the harm national security." "The holy land," meaning "forbidden western education". This organization imitate Afghan taliban, intention of religious laws in Nigeria, some members believed correlation "base" terrorist organizations. "Bo secco holy land" launched many previous attacks. In August, 2011, is located in the Nigerian capital of the United Nations office in abuja bombings killed 24 people.nba jerseys Christmas 2010 series attacks killed at least 32 people and wounded 74. Jonathan has to instruct the security agencies to build a special anti-terrorist units, blow "bo, the holy land". HuiXiao frost (xinhua ZhuanGao) and 50 tribal conflict arises from the news land disputes; A large houses burned in southeastern Nigeria's bond Iraq state officials 1 said to the media, local tribal ella and JiLuo people's plunge on December 31, 2011 for land disputes violence, killing at least 50 people were killed. The state government has Iraq nie card and spokesman Mr-eni said, Mr Karzai people over land disputes hit nearby JiLuo has lived villages, killing at least 50 people were killed, a lot of houses burned. Nigeria currently has 167 million population and 250 tribes, over land disputes caused violence occur frequently. Reuters analysis, the Nigerian government to deal with "the holy land," the threat of organization, this kind of ethnic conflict may be scattered security forces, to the security situation even worse.

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The Philippines fire the fireworks New Year in 200 people and wounded more than children are in the majority

Primary-the President of the United States election the first stage

The American Midwest local time in Iowa on 3 January night will be about 1700 more in the election in a presidential election point first primary, pull open the 2012 presidential election prelude. One of the four years of the President of the United States election process is long and complex, mainly including all primary, a national congress determined presidential candidate,new era hats candidate for President campaign, and the national election, voters vote was elected President and group work. Primary is the first stage of the us presidential election, usually from election year at the beginning of the year, to the end of June. In the primary stage, the two parties respectively in 50 states and Washington have chosen to their party national congress representative. After the primary, the two parties respectively in August and September the national congress held to determine their party candidate for President. There are two primary form, respectively is party grassroots meeting and direct caucuses. The former refers to the party in the two states bottom-up, from point, the county, election to state level represents a constituency meeting, finally chosen to represent the national congress, a majority of the delegates to support candidates that won the state's primary. A victory is the kind of caucuses. And the different political party meeting, directly in the form of universal suffrage as primary,discount sunglasses a state party to the polls on the same day two voters voted for their party national congress. Most American states are the primary directly. For decades, Iowa and New Hampshire have been respectively is the United States held the first election year party conference and the first primary state directly. In the primary stage, a state area size and population with the state's campaign for the whole amount of influence did not become direct ratio, and the most important is the primary date. Often, the earlier date, the greater the effect. Therefore, though Iowa and New Hampshire are small state, but to the whole primary stage is "vane" and "barometer" effect, by two parties and the media campaign high attention. In this year's election, Obama as President, is the only democratic candidate. And the republicans are more than candidates projects for their party's nomination. In recent years, the U.S. states have strived to the primary date forward,wholesale nfl jerseys and to improve the state influence. This forced Iowa and New Hampshire primary states will this year respectively to date in advance on January 3 and 10,. This kind of states around the competition between primary date in primary schedule overall moved forward.

The American occupation movement protesters "fan-tan" New Year parade float

January 2, in the morning, a team of the tournament of roses parade to a New Year drummer in California in the pasadena, along the street. On the same day, the 123th American California pasadena rose parade in New Year parade in pasadena,cheap new era hats a city. A total of 900000 people watched the day's parade. The xinhua news agency xinhua net United States YangLeiShe pasadena January 2 ZhuanDian (reporter royal army) near Los Angeles American historical and cultural city pasadena 2, held in the morning of 123th New Year roses parade, near the end of "occupation" movement in the demonstrators, give this New Year's festival activities increase a alternative scenery. Pasadena roses parade began in 1890, and the New York times square New Year countdown and Las Vegas fireworks and said the three big New Year celebrations. The activities usually held in every New Year's, but not at the practice according to Sunday, the organizers of this year's cruise arranged in 2. 8:00 a.m. local time started in pasadena city, with flowers, seeds, bark and other natural materials into the deck 43 a float,best sunglasses 21 band and 26 a horse in a noisy GuLeSheng, the nine kilometers along the route. Indonesia has full-bodied amorous feelings of the float, 3 a dinosaur of "dinosaur came to Los Angeles" float around the national flag, should "world peace" float & hellip; & hellip; Cause of cheers onlookers people along the way. More than two hours of cruise close to the end, and the roads appeared about 4000 "occupation" movement demonstrators. They raised their moral financial institutions and the rich of the wealth of the search eight claw fish "float" and other kinds of placards, walk while Shouting "we are 99%" and "money politics is corrupt slogans such as", a the demonstrators also lifted the tent in the head. From San Diego Sarah holding "occupied the San Diego" placards, with less than 10 year old son go in the team. She, told reporters she and 30 students from San Diego a companion, coming to cruise the scene of financial institutions and the rich expression of discontent. Local police and federal and local government in the cruise line of police deployed along the way, helicopters and armored vehicles. To prevent the demonstrators have radical action, heavily armed police points multiplier police car, and closely behind the demonstrators. Traditionally, cruises by major U.S. television stations broadcast, and to the more than 120 countries and regions on TV. Economic downturn on this year's cruises affects obviously, car number significantly less than last year, eve and sponsors temporary hold out. January 2, morning, the tournament of roses parade to a New Year's band marched in the streets of pasadena, California. On the same day, the 123th American California pasadena rose parade in New Year parade in pasadena, a city. A total of 900000 people watched the day's parade. The xinhua news agency YangLeiShe January 2 in the morning, to a New Year rose parade parade band marched in the streets of pasadena, California. On the same day, the 123th American California pasadena rose parade in New Year parade in pasadena, a city. A total of 900000 people watched the day's parade. The xinhua news agency YangLeiShe January 2, morning,cheap nfl jerseys the pasadena, California street, all night waiting for watch the annual New Year rose parade parade of citizens in the rest. On the same day, the 123th American California pasadena rose parade in New Year parade in pasadena, a city. A total of 900000 people watched the day's parade. The xinhua news agency YangLeiShe January 2 in the morning, to a New Year rose parade parade band marched in the streets of pasadena, California. On the same day, the 123th American California pasadena rose parade in New Year parade in pasadena, a city. A total of 900000 people watched the day's parade. The xinhua news agency YangLeiShe January 2 in the morning, to a New Year rose parade parade band marched in the streets of pasadena, California. On the same day, the 123th American California pasadena rose parade in New Year parade in pasadena, a city. A total of 900000 people watched the day's parade.

Japan prime minister YeTian complain camp feel someone FangLengJian differences says behind

Beijing on January 4, comprehensive, Japanese media reported Japanese prime minister wild tian mitsuka 3, attended the city but at the bridge XianLi ship bridge high school reunion.mlb jerseys YeTian speech is difficult operation regime complained that: "missiles from all directions by, actually from the companion in recent LengJian behind." YeTian prime minister in the reunion speech, said the increase the consumption tax problems, the Japanese government internal and Democratic Party (the ruling party) have many objections, he felt from "companion behind the LengJian". According to the report, YeTian referring to raise consumption tax rate may be against the party before ichiro ozawa, etc. At the same time,cheap new era hats YeTian also review says last December 29,, Japan about social security and tax Democrats held the whole reform by the end of the draft outline opinion summary of various swim-strokes would, opposition MPS midway stand down, "thought very short meeting, the results open whole six hours," summary opinion be awkward. It is reported, YeTian plan by 2013, will now 5% of the consumption tax increased to 8%, and by 2015, rising to 10%. However, the plan by the opposition and part of the Democrats and the opposition boycott. Facing the alumni and teachers with about 140 people,new era hats YeTian emphasis will will not slack to carry out social security and tax system reform of the whole. On the other hand he also revealed voice said: "the prime minister attend in person budget committee questioned in other countries, I'm afraid is unheard. Estimated that I was the most busy prime minister the", brings the show a laugh.

British race two suspects 18 years after the murder conviction

A British court 3, that, the suspected in 1993 killing a black youth two British men race murder was set up. Smell the sentence, Stephen Lawrence victim of parents be cry. Mother doreen think,wholesale nfl jerseys the result will make those "racist can't think they casually can kill a black and escape justice". "This decision can not let my son live," mother doreen in accepting the British broadcasting company (BBC) television in an interview. But she felt free at last: "I could start a new life." British prime minister Cameron expressed hope that the result can be in the victim family members "several years unremitting efforts" later, give them at least bring some solace ". Lawrence friends Brooks in micro bo,discount nfl jerseys "justice finally get done". In 1993, at the age of 18 Lawrence and Brooks in southwest London a waiting bus station, a young white people crossing the road came along, and one of them use race discrimination language abuse them, both in wrestling together. Brooks escape, Lawrence was even sting two knives is down, died in hospital. After the five suspects were arrested, including 3 people accept the public trial,nba jerseys no one was. 18 years, Lawrence's parents have been running around, hope to be able to make the killer to justice. This case exposed the British society, have a great influence in the world. In May 2011, a British court ruled that review the case.

Lancang-mekong passenger liner arrived in Thailand recovery ships

Heave to more than four months of the lancang-mekong passenger 3, formally restore, first ships "golden triangle 2" the yacht in 4 days midday arrived in Thailand qing cheng port. The graph is the first batch of visitors to aboard the boat. The xinhua news agency hair tourists is restoring security lancang-mekong passenger service after more than four months,snapback hats first ships "golden triangle 2" in January 4 arrived in Thailand qing cheng port at noon. Qing cheng port manager wei pull in to accept our newspaper reporter to interview happy to say, this is the 2011 on December 10 freight ships sailing recovery after the Mekong river waters in the first batch of visitors. When the guests take a cruise more than 10 arrived safely in qing cheng, qing cheng port near the rings tourists laughter. A visitor said excitedly, with four joint law enforcement mechanism safeguard the Mekong river and order, by boat to visit a feeling of safety. 3 days JingHongGang China's yunnan province on from the "golden triangle 2" the yacht was scheduled on the night arrived in qing cheng port, but because the dry season of shallow water,baseball hats the passenger in Laos dock within the territory of the temporary one night, 4, and arrived in the port. To strengthen the lancang river-the Mekong river basin safety, Burma's not long ago start four purdah joint law enforcement escort. Wei pull told reporters, freight after recovery, last December 74 Chinese ship and port cargo into the clear, and quite a number over the same period a year earlier. The passenger recovery, representing the river shipping began to normal. In order to protect the navigation ships passenger, currently in operation of all cargo before we start, passenger ship to the four lancang-mekong joint law enforcement headquarters bulletin, command will take corresponding protective measures according to the circumstances. According to the reporter understands, Laos's navigation range for four simeon from China SiMaoGang to Laos luang prabang is 786 kilometers of the waters, the opening of the port, terminal 14, the navigable sectors 100 tons-300 tonnage of ships. The yacht's lines from JingHongGang to qing dynasty cheng port about 265 km. In the qing dynasty in the shipping and the PiCai said, the best shipping season is to the third quarter, the dry season in early arrival cannot voyage, strive for more in the dry season before running a few times. Wei pull told reporters, in order to meet the more and more tourists, clear and Hong Kong will be in April of the current cargo wharf transform for traveling port, cargo ships will dock to 6 kilometers outside new port, the new port throughput is the port of existing 5 times. In 2010 the Mekong river international ships entering or leaving ports 3060 voyage, realize the freight volume of 240000 tons, transportation carried 100000 passengers, channel of the lancang-mekong back to normal of the Mekong river basin to promote economic development and personnel exchanges is of great significance. Revive tourism should be higher security at present, there are two lancang-mekong sightseeing routes, both from the yunnan xishuangbanna JingHongGang set out, a bound for Thailand qing cheng wharf, about sailing 10 hours; Another to Laos luang prabang, about 20 hours sail. The reporter had visited the Mekong river by boat, on both sides of the idyllic scenery and river scenery really do not have amorous feelings, but in recent years the safety problems occur frequently, and especially the last August in overseas visitors golden triangle waters to be after the robbery, channel passenger was forced to stop. Last October, China's crew terrorist attacks,nfl hats so that when the shipping comprehensive pause. The passenger is in after and four joint law enforcement headquarters communications, confirmed on into Laos, Burma and Thailand waters will have the police patrol protection, and coast also have police patrol began. Thailand qing lai Mei of male travel company sales manager of gilardino told reporters, as early as in 2006, the Mekong river channel will open the yunnan to Thailand qing cheng jinghong off the timing of the ship, can reach more than ten to every day, many of whom are foreign tourists, clear filled a month to receive port more than 300 visitors. But accounts for gilardino says, for safety, their company this line has not restored temporarily, the hope can get higher security. At present the main land from the tourists into Laos in Thailand. Maintain the Mekong river in order to strengthen the security challenges of the Mekong river basin-security, Burma's kept four in December 2011 start joint law enforcement escort. Thailand established by the fifth third military region, the port authority police, and other components of the Mekong river basin of prevent crime command center, this command center in qing cheng port. In addition to ensure the safety of Thailand waters, will also strengthen and kept in intelligence, early warning, Burma fight crime, and other aspects of the cooperation, strengthening the Mekong river shipping security. But maintaining the Mekong river security challenges still. According to the reporter understands, Thailand section responsible for joint patrols of the police and law enforcement by the more than 100 police officers and clear water and more than 30 police officers composition. Clear water police station and only four patrol ship, shortage of funding, the bureau chief of lieutenant colonel watts says it will not take follow a convoy way, and will take patrol officers designated the way, in the face of danger ships to the rescue. In addition, inside Burma illegal armed still threat to shipping. The golden triangle waters before charge protection money mainly from Barcelona drug gangs, and for providing security for ships. Afterwards because small unit forces increased, Barcelona control, form the shares at present armed drug ring many times the status of the charge. In addition, the national armed forces Burma reorganize due to lack of military spending will also collect protection money to the ships. The Mekong river navigation, poor ability of many land traffic difficulties, and the Mekong river shipping invoice value, transport capacity is not high, valley region public governance not beautiful, black evil forces, government control in the low level rampant and influence the Mekong river joint the implementation of the law enforcement mechanism. Have expert proposal, facing the complicated situation, the Chinese should be extended to channel about cooperation from shore, promote the establishment of terrorism, drug smugglers, and regional security mechanism, and through the shipping safety, customs clearance facilitation, water resource utilization, on neighbouring countries to provide aid to promote the regional cooperation functional economic and social development, reducing instability of survival foundation.

Canadian man entry into the USA to forget to take with iPad version pass scanning passport

Martin LeiZhi report from our correspondent a Canadian man recently in the United States when to forget to bring a passport, was very quick-witted under him to U.S. customs officials display his iPad exist in passport scanning. U.S. officials after careful consideration,cheap new era hats finally let the man customs clearance. The incident with passport be scanning of the entry into the USA rare example, a digital certificate and digital scan on the effectiveness of the version of discussion. With passport scanning "rush off according to American media, this name came from Canada Montreal's 33 years old man named Martin LeiZhi. In his last Christmas Eve left for vermont, prepare to the friends of children sent to the Christmas presents. LeiZhi after one and a half hours of driving, realize that he forgot to bring a passport. Then add the distance Quebec border only half an hour's car ride. LeiZhi think of their iPad contains passport scanning. After some ideological struggle,new era hats LeiZhi really don't want to open another one and a half hours car go home to take passport, so he decided to bet against the luck, try to use the iPad's passport scanning pass. "A year ago, I worry about when they travel in carelessly lost passport, so in the iPad stored in a passport scanning. I think at least try and take a chance." LeiZhi customs officials to explain their situation, in order to increase the credibility, LeiZhi their own driving licence to officials check. LeiZhi describe, when the official stare at him, his face was the flower. Then, he takes over the LeiZhi iPad and a driver's license, went into the office next to the small, in about five or six minutes to stay. LeiZhi describe, he felt that five or six minutes "too soon". Later, the official came out and moved to LeiZhi front, paused for a moment, and then put the iPad back to LeiZhi, but also with he said a sentence "merry Christmas." . So, LeiZhi to smoothly, and later in the day, well back from the United States to Canada. Digital certificates will be the trend LeiZhi said he believes is because when Christmas holiday season, his long like a good man, speak of is the truth, also provides a driver's license, and eventually made him with only the iPad's passport to scan a smooth customs clearance. LeiZhi think his experience is the U.S. customs officials additional mercy, the next may not necessarily the same lucky. LeiZhi made up his mind to go abroad will never forget to take after the passport. However, due to the U.S. and Canada ten times and every year, he hopes that in the future, identity document's scanning can also be customs accept, as now many airlines have used the electronic boarding pass. "I'm one hundred percent certain,dc hats the future of the digital equipment identity document scanning could also be as effective customs clearance certificate-it's just a matter of time." LeiZhi said. In the past, the Canadian with only a driver's license can from the land into the United States. But starting in 2009, the United States customs supervision, regulations, Canadian must have the passport, driver's license or strengthen edition NEXUS pass to entering the United States by land, provisions and no mention of the scanning of the certificate is valid. By the time, U.S. customs officials have not just whether to accept the digital certificate comment on. (city satisfying) unspoken rule or special case? Report from our correspondent Canada's Aaron, university of public security experts heather · nickel customs that LeiZhi case though rare, but it also could be the beauty and border many unknown one of the exceptions. "There is a gray area." He says, in addition to identity certificate, U.S. customs officials will also according to travelers credit and immigration records will be considered on data. In addition, the image of the travelers temperament, and work with a resume and times may also affect the decision of the customs. But Canada border city of Windsor new democratic Congressman Brian massey argues that LeiZhi experience unprecedented. "I deal with the customs problems more than ten years, have never heard of this situation. I think LeiZhi just very good luck, that's all." Messi also worry, because scanning is easy to be falsified, so people should pay full attention to events triggered the customs security problems.