China is the second batch of the financial tsunami, "delisting" of the country, the first "delisting" of the country is resource-rich countries such as Australia, Indonesia, the financial crisis forcing global printing money, more money, resources, commodity prices, these countries economic recovery on something else.
China is in the second half of 2010 began to "delisting" as inflation began to appear in 2009, the year the price index in China is still negative, was negative 0.7%. A In 2010, however, rapidly rising prices, to October 2010, the rise in the price index has reached 4.4%, far exceeding the 3% target, in addition to price indices, house prices rising faster, a large number of young blame can not afford housing prices soaring dissatisfaction appear in a television drama "dwelling", so a series of measures introduced for the price, there are ten old country, new country five, plus a lot of pressure from local housing price measures.
High costs of direct intervention price In addition to suppress prices, the Chinese government to directly intervene in executive orders related to the livelihood of many commodity prices, of course, the cost of direct intervention price is high, such as intervention in petrol, diesel prices, the result is a row of trucks at the gas station a few kilometers the teams to buy diesel, but you can only buy a small amount of oil, a waste of time drivers. The Chinese government to suppress inflation, the impact of price suppression, the Chinese A share price is often a huge shock therefore, rumors, especially rumors of a rate hike.
Rate hike is a way to suppress inflation, but not the only way to sequelae did not light, because interest rates will attract more foreign hot money inflows into the currency to charge higher interest rates and exchange rates rise, which will increase the appreciation of the renminbi pressure.
November 2010, people's bank of china Governor Zhou Xiaochuan of "Traditional Chinese therapy" to describe China's economic control, is very interesting, worth considering. Zhou believes that western medicine is direct repression, to cure the patient, but the after-effects, side effects of many; Chinese Zeyi multiple drugs simultaneously, mild drug use, and then continue to observe the efficacy of medication is a treatment to cross the river by feeling the stones .
I believe that China Zhongyangzhengfu Zhou is also the method used to deal with the issue of China's economic control, that is, a quote medicine, there are many medicinal herbs, all ingredients are mild, try to see effects, adjusted for dose.
Chan Yan Chong
The author is director of the City University MBA program
From Apple Daily
Wednesday, December 8, 2010
Tuesday, December 7, 2010
Shanghai real estate enterprises to speed up restructuring
Housing prices in Shanghai restructuring state-owned enterprises started a long time, the Mainland, "the Oriental Morning Post" means the Shanghai real estate enterprises to accelerate restructuring.
Reports said under the name of state-owned assets in Shanghai to grasp the group up to the Secretary for real estate resources, in addition to the ongoing liquidation of assets of the Shanghai Real Estate Group, there is Shanghai City, Shanghai Industrial Investment Group and the Group.
Report said that the Shanghai City under the name of the city vote Investment Group Holdings complete the real estate business integration. The end of October this year, the Shanghai office held by the agricultural population of residential options were transferred to the Greenland Group, Shanghai SASAC, while the Greenland Group, Shanghai SASAC party to party relationship adjustment. After another year of progress as well Shanghai Industrial (363.hk).
South Korean: North Korea may exercise Biography guns in Yellow Sea
Yonhap quoted South Korean military said the gunfire came the western Yellow Sea. North Korea may start regular shelling exercises.
【National Development and Reform Commission 】To actively support facilities around the vegetable production
To implement the State Council No. 40 on the "great efforts to develop agricultural production, stable supply of agricultural products," the spirit of the country have taken measures to increase vegetable production support efforts.
1. the payment of subsidies for vegetable production.
2. increased investment in vegetable production.
3. the implementation of the vegetable production incentives.
1. the payment of subsidies for vegetable production.
2. increased investment in vegetable production.
3. the implementation of the vegetable production incentives.
China Vice Premier ︰ high-speed rail development strategy is emerging as a priority industry
Reuters reported on Tuesday, Vice Premier Zhang Dejiang held in Beijing on Tuesday, the Seventh World Conference on the speech, said high-speed railway, the Chinese have high-speed rail as a priority the development of emerging industries of strategic financial investment in the future, construction sites, technological innovation, business environment, strengthen their support.
Zhang said at the meeting, the Chinese government encourages domestic railway enterprises "going out", in railway construction in other countries; while also opening up the industry to expand high-speed railway, positive results with other countries to share technology and to strengthen cooperation.
According to reports, China is the world's high-speed railway was built and put into operation and the length of the longest mileage of the country, as at the end of November has been put into operation mileage of 7,531 km, 10,000 km mileage under construction; through the years of introduction, absorption and innovation, is now fully master the core technologies related to high-speed railway. China is also the world's fastest high-speed rail development. Long-term railway network plan, according to the state and the current construction schedule, by 2012 China will build 42 high-speed passenger rail lines, the total mileage of high-speed railway will be over 13,000 km; to 2020 will reach more than 16,000 km
【Northeast Agricultural Analysis】 most benefit from food agricultural leading enterprises build fertilizer stocks rise
Accelerate the transformation of the State Council issued Development and Reform Commission on agricultural development in Northeast notification, develop specific objectives of the next 5 years, proposed the development of green and organic food, enhance the level of agricultural mechanization, fostering the growth of agricultural industrialization leading enterprises, large stocks of modern agri-food (682), Global Bio-Chem Technology (809), the first tractor agricultural equipment unit (038), and chemical fertilizer production and sales of shares (297), agricultural Hollen (1073), Heart to Heart fertilizers (1866) and others are expected to benefit.
The core business of large modern cultivation and distribution of fruits and vegetables, a total of 31 production bases, located in 13 different provinces, the main base for the Northeast, North China, the Yangtze River and South China four regions. As of the end of June this year, 12 months, the group expanded production base area of 15% to 66.4 acres, 11% increase in sales of agricultural products reached 2.775 million tons, a turnover and profit of 69.6 billion yuan (RMB. Below) and 3.51 billion yuan, up 14% and 26%.
Development and Reform Commission mentioned in the document, to fostering the growth of agricultural industrialization leading enterprises to create famous brands. From 2002 onwards large modern Chinese Ministry of Agriculture has been the review of eight ministries and commissions, "the national leading agricultural enterprise", in this year's "500 most valuable Chinese brands" championship, "super" to 9.638 billion yuan of the brandvalue among the first 83, an increase of 1.565 billion yuan. Group said it would continue to promote the "brand" to "brand" transformation, integration of brand resources, cultivate and make a number of distinctive features, quality and high market awareness brand agricultural products.
Great major production and marketing of biotechnology corn refined products and corn as raw materials of biological products, in the Development and Reform Commission has specifically mentioned the construction paper "with high-quality corn industry," features the development of food production and agriculture.Group in Jilin, Liaoning, has production bases are located in golden corn belt. Jilin-based corn refining capacity of 2.8 million tonnes of downstream products, amino acids, corn sweeteners, modified starch, alcohol, bio-chemical industry production capacity is 46 million tonnes, 82 million tonnes, 8 million tonnes and 21 million tonnes, Liaoning base The corn refining and production capacity of corn sweeteners, were 60 million tonnes and 20 million tonnes.
Development and Reform Commission set the planting of agricultural income in 2015 integrated mechanization level of 80% target, to promote the promotion of high-powered, high performance, energy saving and duplex operation machinery, the whole process of promoting agricultural production in many fields of mechanization. The first major production and marketing of agricultural tractor machinery, construction machinery, diesel engines, fuel injection pipes and fuel injection pump. Group is the leading enterprise of agricultural machinery, agricultural machinery products during the first half of foreign income rose 14.9% to 46.7 billion yuan, 79.7% of total revenue, gross margin increased 0.2 percentage point year, the Group has both the Northeast and Xinjiang construction of agricultural machinery assembly plant, the industrial layout.
In addition, food production capabilities will drive demand for fertilizer. Sinochem Fertilizer has China's largest fertilizer distribution network, the major agricultural producing areas throughout the country, the network covering more than 90% of arable land. Group increased its distribution center in the first half of this year 69, the number of distribution centers to 2105, trade reached 29,000 customers. Group is also the largest manufacturer of fertilizer, with nitrogen, phosphate, potash, fertilizer products such as complete production lines. Group Northeast, North China has a nitrogen fertilizer production base.
Hollen Agriculture is an investment holding company whose subsidiaries are principally sales of nitrogen, phosphate, potash, fertilizer, pesticides, subsidiaries in the Northeast region of Shandong Agrotech, Shandong Hollen Xinglu agricultural chain, Jinan Hollen Ann Knight chemicals.
Heart to Heart main production and marketing of urea fertilizer, compound fertilizer, methanol, ammonia and ammonia solution, the sales network all over the country, the Northeast region, including Heilongjiang, Jilin, Liaoning and other provinces and cities.
The core business of large modern cultivation and distribution of fruits and vegetables, a total of 31 production bases, located in 13 different provinces, the main base for the Northeast, North China, the Yangtze River and South China four regions. As of the end of June this year, 12 months, the group expanded production base area of 15% to 66.4 acres, 11% increase in sales of agricultural products reached 2.775 million tons, a turnover and profit of 69.6 billion yuan (RMB. Below) and 3.51 billion yuan, up 14% and 26%.
Development and Reform Commission mentioned in the document, to fostering the growth of agricultural industrialization leading enterprises to create famous brands. From 2002 onwards large modern Chinese Ministry of Agriculture has been the review of eight ministries and commissions, "the national leading agricultural enterprise", in this year's "500 most valuable Chinese brands" championship, "super" to 9.638 billion yuan of the brandvalue among the first 83, an increase of 1.565 billion yuan. Group said it would continue to promote the "brand" to "brand" transformation, integration of brand resources, cultivate and make a number of distinctive features, quality and high market awareness brand agricultural products.
Great major production and marketing of biotechnology corn refined products and corn as raw materials of biological products, in the Development and Reform Commission has specifically mentioned the construction paper "with high-quality corn industry," features the development of food production and agriculture.Group in Jilin, Liaoning, has production bases are located in golden corn belt. Jilin-based corn refining capacity of 2.8 million tonnes of downstream products, amino acids, corn sweeteners, modified starch, alcohol, bio-chemical industry production capacity is 46 million tonnes, 82 million tonnes, 8 million tonnes and 21 million tonnes, Liaoning base The corn refining and production capacity of corn sweeteners, were 60 million tonnes and 20 million tonnes.
Development and Reform Commission set the planting of agricultural income in 2015 integrated mechanization level of 80% target, to promote the promotion of high-powered, high performance, energy saving and duplex operation machinery, the whole process of promoting agricultural production in many fields of mechanization. The first major production and marketing of agricultural tractor machinery, construction machinery, diesel engines, fuel injection pipes and fuel injection pump. Group is the leading enterprise of agricultural machinery, agricultural machinery products during the first half of foreign income rose 14.9% to 46.7 billion yuan, 79.7% of total revenue, gross margin increased 0.2 percentage point year, the Group has both the Northeast and Xinjiang construction of agricultural machinery assembly plant, the industrial layout.
In addition, food production capabilities will drive demand for fertilizer. Sinochem Fertilizer has China's largest fertilizer distribution network, the major agricultural producing areas throughout the country, the network covering more than 90% of arable land. Group increased its distribution center in the first half of this year 69, the number of distribution centers to 2105, trade reached 29,000 customers. Group is also the largest manufacturer of fertilizer, with nitrogen, phosphate, potash, fertilizer products such as complete production lines. Group Northeast, North China has a nitrogen fertilizer production base.
Hollen Agriculture is an investment holding company whose subsidiaries are principally sales of nitrogen, phosphate, potash, fertilizer, pesticides, subsidiaries in the Northeast region of Shandong Agrotech, Shandong Hollen Xinglu agricultural chain, Jinan Hollen Ann Knight chemicals.
Heart to Heart main production and marketing of urea fertilizer, compound fertilizer, methanol, ammonia and ammonia solution, the sales network all over the country, the Northeast region, including Heilongjiang, Jilin, Liaoning and other provinces and cities.
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