Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 
 

 Top China officials sound alarm on exports, growth

View previous topic View next topic Go down 
AuthorMessage
lexie
Elite Member
Elite Member
avatar

Posts : 1812
Join date : 2011-06-24

PostSubject: Top China officials sound alarm on exports, growth   Mon Dec 05, 2011 8:55 am

Dec 05, 2011 01:24 EST

Top China officials sound alarm on exports, growth

Leading Chinese officials have painted a gloomy picture for the nation's exports -- a key engine of growth -- warning that the global slowdown threatened the world's second largest economy.

Vice Premier Wang Qishan, China's top finance official, at the weekend urged companies to help guarantee a "stable increase" in exports amid slowing external demand, the official Xinhua news agency said late Sunday.

"The severe and complex world economic situation will inevitably mean global demand is insufficient," Wang said while visiting the northeast province of Liaoning.

To maintain exports, Wang said companies should make their products more competitive while the government would lessen the tax burden on exporters and offer financial support, especially for small firms.

China's exports rose 15.9 percent year on year to $157.49 billion in October, but the total was down from $169.7 billion in September, due to falling demand caused by the economic woes in Europe and the United States.

The data, coupled with figures released Thursday showing China's manufacturing activity contracted in November for the first time in 33 months, has caused concern that the Asian powerhouse is losing steam.

Beijing last week cut bank reserve levels for the first time in three years to help boost lending and spur growth to counter alarming signs of a domestic slowdown and the crisis in key export markets.

And in comments also published late Sunday, Chinese Commerce Minister Chen Deming warned that the global slowdown could hurt the nation's economic growth next year.

"Under the influence of the contracting international economy and market, China's economic growth next year may slow slightly," Chen said, according to a statement posted on the commerce ministry website.

China's economy grew an annual 9.1 percent in the third quarter this year, slowing from the 9.5 percent in the second quarter and 9.7 percent in the first, official figures showed.

Source: AFP Asian Edition


http://www.newsmeat.com/news/meat.php?articleId=124105430&channelId=2951&buyerId=newsmeatcom&buid=3281


*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
Back to top Go down
View user profile
 
Top China officials sound alarm on exports, growth
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Dinar Daily :: AROUND THE WORLD NEWS and CURRENT EVENTS :: WORLD-
Post new topic   Reply to topicJump to: