[english]国际经济形势

欧元区推史上最庞大救市计划 注资近2万亿美元救市

2008年10月14日 08:27:20

北京时间10月13日晚消息，法国、德国、西班牙、荷兰和奥地利政府周一均推出了银行拯救计划，总金额达1.3万亿欧元（约合1.8万亿美元），旨在担保银行间贷款及收购银行股份，从而阻止金融系统陷入崩溃。

===五个央行将联手供应市场 美联储引导" 无限额" 注资===

趁着上周末IMF 和世行年会的东风，以美欧为首的西方国家过去两天进一步加大救市力度。

10月3日，美国国会众议院议长佩洛西（左二）展示已签署的金融救援方案。当日，美国国会众议院以263票对171票的投票结果通过了经过修改的大规模金 融救援方案。该方案在众议院通过后，将交由总统布什签署生效。美国国会参议院已于1日通过这份总额达7000亿美元的救市方案。 新华社记者张岩摄

五个央行将联手供应市场“无限量”流动性

包括美国联邦储备委员会（美联储）和欧洲央行在内的五个中央银行１３日宣布，将联手推出向市场注入“无限量”流动性的新方案，以解冻信贷市场并加强向银行间提供现金流。详细>>

美联储引导" 无限额" 注资

美欧央行将无限额输血

本轮危机爆发以来，持续吃紧的货币市场被认为是最关键的一个症结所在。即便在央行联合降息后，各家金融机构仍不愿轻易放贷，这导致企业融资活动几近停滞。

欧元区通过银行救援案

在美国推出7000亿美元银行救援案之后，欧元区一度成为全球关注的焦点，市场早就期待深陷危机的欧元区也推出类似的统一行动。但是，在本月初的小型峰会上，德、法、意、英等国首脑却未能就出台地区救援计划达成一致。 IMF 力挺各国救助金融业

欧洲各国自身也在加紧出台措施稳定金融体系。英国政府13日宣布，将向苏格兰皇家银行等该国三大银行投资共计370亿英镑（640亿美元），以帮助后者避免陷入破产境地。此外，据称德国和法国等国也很快会宣布高达数千亿欧元的银行干预计划。 详细>>

===救市重炮“轮番轰炸” 欧元区推史上最庞大救市计划===

10月13日：欧元区推出行动计划应对金融危机

新华网巴黎１０月１２日电（记者 尚军 芦龙军）欧元区１５国领导人１２日在巴黎召开的首脑会议上通过一项行动计划，同意由各国政府为银行再融资提供担保并向银行注资，以共同应对当前的金融危机。

根据会议发表的声明，欧元区成员国将在２００９年年底前为银行５年期以下的新发债务提供担保，并通过取得优先股的方式向银行直接注资，以缓解银行因为信贷紧缩而面临的融资困难。详细>>

法国推出3600亿欧元救市方案

新华网巴黎１０月１３日电（记者 芦龙军）按照欧元集团峰会制定的救市行动计划，法国总统萨科齐１３日正式推出了３６００亿欧元的救市计划。 这笔资金将主要用于为银行中期债务进行担保和救助陷入困境的银行。法国政府将动用３２００亿欧元为银行间借贷市场进行担保，其对象是银行在２００９年底之前发行的最长为５年的中期债务。详细>>

德国推出4700亿欧元救市方案

新华网柏林１０月１３日电（记者 王勍）德国政府１３日推出总额达４７００亿欧元的救市方案。

此举是为了保护公民的利益，而非保护银行的利益。详细>>

英国政府向大银行注资370亿英镑

新华网伦敦１０月１３日电（记者 马建国）英国政府１３日宣布，向苏格兰皇家银行以及刚刚被劳埃德银行收购的哈利法克斯银行注资３７０亿英镑（约合６２９亿美元），以帮助它们摆脱经营困境。

该救助计划可能使得英国政府最终成为苏格兰皇家银行和哈利法克斯银行的最大股东。详细>>

==反应：欧洲注资近2万亿美元救市 欧美股市应声大涨==

分析评论称，欧洲各国政府联合救市的举措使得布什政府7000亿美元救援计划向相形见绌。联合救援行动也为岌岌可危的银行系统注入一剂强心针，有效地稳定了市场信心，欧洲和亚洲股市开始回升。

10月13日，股民在北京一家证券营业部关注股市行情。 当日，在银行板块大幅飙升的带动下，沪深股市先抑后扬，出现反弹。上证综指和深证成指分别以2073.57点和6571.59点报收，较前一交易日上涨3.65%和2.92%。 新华社记者李晓果摄

纽约股市创出单日最大涨幅

受到欧美政府联手出台系列救援计划的消息刺激，纽约股市１３日出现飙升，三大指数涨幅全部超过１１％，创下历史单日最大涨幅。详细>> 亚太地区主要股市多数上涨

受各国积极采取措施应对金融危机等消息影响，亚太地区主要股市１３日多数上涨。

当天，中国香港股市恒生指数上涨１５１５．２９点，收于 １６３１２．１６点，涨幅达１０．２％。韩国首尔股市综合指数上涨４７．０６点，收于１２８８．５３点，涨幅达３．８％。菲律宾马尼拉股市主要股指上涨 ２０．９５点，收于２１１８．７５点，涨幅为１％。澳大利亚悉尼股市主要股指上涨２２０点，收于４１８０．７点，涨幅达５．６％。 详细>>

银行板块大幅飙升 沪深股市报复性反弹

在度过了郁闷的国庆节后首个交易周后，沪深股市终于在本周的首个交易日止跌。在银行板块大幅飙升的带动下，沪深股市先抑后扬，出现报复性反弹。 政府救助三大银行提振伦敦股市大涨超8%

英国政府宣布向英国三家大型商业银行提供巨资，鼓舞了投资者，１３日《金融时报》１００种股票平均价格指数最终报收４２５６. ９点，比前一交易日上升３２４. ８４点，涨幅高达８. ２６％，为９月１９日以来的最大单日涨幅。详细>>

世界经济面严峻挑战 各国联手应对危机

2008年10月14日 13:29:22

新华网华盛顿１０月１３日电综述：世界经济面临严峻挑战

新华社记者刘洪 胡芳

10月9日，一名交易员在美国纽约股票交易所工作时擦拭额头。由于信贷市场依然紧缩和国际油价持续走低打压金融和能源板块，以及通用汽车股价跌至58年来新低，9日纽约股市再次暴跌，道琼斯指数下跌超过650点，收于8600点以下，标普跌幅也超过7%。 新华社/路透 在上世纪３０年代大萧 条以来最严重的金融危机冲击下，世界经济正面临严峻挑战。国际货币基金组织（ＩＭＦ）日前警告，一些发达经济体“已经或接近于”陷入衰退。

根据ＩＭＦ公布的《世界经济展望》报告，今明两年世界经济增长预期仅为３．９％和３．０％，为２００２年以来最低增速。世界银行高级副行长、首席经济学家林毅夫对新华社记者表示，尽管美欧出台了一系列“前所未有”的救援行动，但仍面临陷入经济衰退的极大风险。

在全球化的时代，发达国家引发的危机，也同样让发展中国家深受其害。世界银行行长 佐利克表示，除金融危机和全球经济放缓等不利因素外，许多发展中国家还受到能源和粮食价格飙升的冲击，这加剧了发展中国家的经济困难。他说：“今年已有１ 亿人重新陷入贫困，而且这个数字还在增长。”

在今年ＩＭＦ和世行年会期间，许多发展中国家代表强调，由发达国家引发的金融危机让发展中国家面临双重打击，一方面援助资金更难获得，另一方面出口出现下降。一些国家则强调，它们目前遭受的困境“并非自己的过错”，对这种困境它们根本没有足够准备。

在当前复杂的国际经济形势下，作为最大新兴经济体中国的经济发展，尤其引人关注。 佐利克说，中国经济保持快速增长对当前世界经济来说“非常重要”。根据ＩＭＦ的报告，中国经济今明两年的增速将分别为９．７％和９．３％，虽较过去几年有 所放缓，但在各大经济体中仍首屈一指。尽管如此，许多经济学家也强调，中国也不可避免地会受到危机恶化的影响。

当前，联手应对金融危机是世界各经济体的共同利益所在。因此，在过去几天里，如何应对金融危机成为多轮多 边磋商的中心话题。在发达国家组成的西方七国集团财长会议、发展中国家组成的２４国集团会议、由世界主要经济体组成的２０国集团特别会议、ＩＭＦ和世界银 行年会以及欧元区峰会上，各国领导人努力把脉金融危机，寻找对策，并表示了将合作应对危机的决心。

正是在这一系列磋商之后，欧洲各国纷纷出台大规模救援方案，美国的７０００亿美元金融救援方案也在紧锣密鼓实施过程中。受这一系列国际合作具体步骤的鼓舞，在连续多天大跌后，全球股市近来开始大幅反弹。

但危机还远没有结束，这就要求国际社会继续努力。参加ＩＭＦ和世行年会的中国财政部副部长李勇、中国人民银行副行长易纲在多个场合都表示，中国愿继续与世界各国齐心协力，共同维护国际金融市场的稳定。

金融危机恶化到如此地步，也引起国际社会深刻反思。许多领导人都表示，国际金融体 系必须进行改革，因为目前这种体系已不能适应２１世纪的要求。ＩＭＦ总裁卡恩说，金融危机暴露了发达经济体金融体制的一系列缺陷，也证明当前金融体系不能 适应全球化金融市场的要求，这一体系的“合法性和有效性”存在疑问。

易纲在年会发言时说，ＩＭＦ应立即将监督的重点转向美国金融危机，深入分析、认真总结此次危机的教训，确定真正的风险所在并采取得力措施，满足成员国对一个稳定有序的全球经济金融秩序的需求。

当前，世界经济下行风险正在急剧增加。不少国家代表在ＩＭＦ和世行年会上发言时指 出：作为长期目标，国际社会应积极推进世界经济和金融新体系的建设，以此促进世界经济的可持续发展；从短期来讲，国际社会应加强合作，克

服当前的危机。而 作为两大国际金融组织的ＩＭＦ和世界银行则应切实履行职能，有效控制危机的进一步恶化和扩散。

===全球救市规模升级 各国各出其谋各尽其力===

图为12日，在法国首都巴黎，(从左至 右) 欧洲中央银行行长特里谢、欧盟委员会主席巴罗佐、欧盟轮值主席国法国总统萨科齐和欧元集团主席、卢森堡首相容克出席联合新闻发布会。欧元区15国领导 人当天在巴黎召开的首脑会议上通过一项行动计划，同意由各国政府为银行再融资提供担保并向银行注资，以共同应对当前的金融危机。新华社/路透

美联储引导" 无限额" 注资 将斥资2500亿购买金融股

趁着上周末IMF 和世行年会的东风，以美欧为首的西方国家过去两天进一步加大救市力度。

美欧央行将无限额输血

本轮危机爆发以来，持续吃紧的货币市场被认为是最关键的一个症结所在。即便在央行联合降息后，各家金融机构仍不愿轻易放贷，这导致企业融资活动几近停滞。

IMF 力挺各国救助金融业

欧洲各国自身也在加紧出台措施稳定金融体系。英国政府13日宣布，将向苏格兰皇家银行等该国三大银行投资共计370亿英镑（640亿美元），以帮助后者避免陷入破产境地。此外，据称德国和法国等国也很快会宣布高达数千亿欧元的银行干预计划。 详细>>

欧洲打响金融危机联合“反击战” 推史上最庞大救市计划

北京时间10月13日晚消息，法国、德国、西班牙、荷兰和奥地利政府周一均推出了银行拯救计划，总金额达1.3万亿欧元（约合1.8万亿美元），旨在担保银行间贷款及收购银行股份，从而阻止金融系统陷入崩溃。

——德国政府将拿出最多５０００亿欧元用于救市，其中４０００亿欧元用来为银行同业拆借提供担保；１０００亿欧元用于政府注资金融机构，这其中又有最多８００亿欧元用于直接注资银行。

——法国将拿出最多３６００亿欧元用于金融救助。其中３２００亿欧元用来担保银行借贷，４００亿欧元用来向银行提供资本金。

——英国政府宣布向皇家苏格兰银行、哈利法克斯银行和莱斯银行注资３７０亿英镑。英国８日紧急公布一揽子银行救助计划，将向英国各大商业银行提供高达５００亿英镑资金，以增强市场的流动性。

——西班牙政府当天通过总额最高１０００亿欧元的金融援助计划，用于在今年年底前为西班牙金融机构提供信贷担保。这一计划适用于部分外国银行在西班牙的分支机构。 详细>>

经济观察：俄罗斯政府采取积极措施应对金融危机

随着美国次贷危机引发的金融危机在全球蔓延，俄罗斯也面临股市急剧下跌、金融市场流动性短缺等严峻挑战。近来，俄政府采取了一系列积极措施，着手应对金融危机对经济产生的不利影响。

与此同时，俄罗斯政府官员估计，当前的金融危机已经导致３３０亿美元的资本在８月至９月间从俄流出。

===全球集体救市 世界呼吁共对金融危机===

世界银行承诺将帮助发展中国家应对金融危机

世界银行高级官员１２日表示，该机构将支持发展中国家金融体系，帮助这些国家维护经济稳健性、应对国际金融危机。详细>>

IMF呼吁国际社会协调行动稳定金融市场

国际货币基金组织决策机构——国际货币与金融委员会１１日呼吁国际社会协调行动，采取大胆措施恢复全球金融市场稳定。

会议后发表公报指出，此次金融危机程度深、范围广，要求国际社会提高警惕，协调一致，采取大胆行动 。 详细>>

24国集团呼吁采取广泛的国际行动防止金融危机恶化

由发展中国家组成的２４国集团１０日警告说，新兴和发展中经济体的经济增长前景可能受到全球金融危机的影响，该集团呼吁采取广泛的国际行动防止危机恶化。会议后发表的公报呼吁采取广泛的国际行动来解决金融危机，恢复市场信心。 详细>>

G7、G20表态将动用" 所有可能手段" 稳定金融市场

上周末，西方七国集团（G7）和二十国集团（G20）分别发表会议声明表示，其成员国一致同意将致力于动用所有可能手段来应对全球金融危机。与此同时，受到金融危机持续加剧猛烈冲击的西方各国仍在各自出招，以期稳定各自国内动荡不堪的金融局势。 详细>>

==反应：欧美股市应声大涨 涨势效应否能持续尚待观察==

分析评论称，欧洲各国政府联合救市的举措使得布什政府7000亿美元救援计划向相形见绌。联合救援行动也为岌岌可危的银行系统注入一剂强心针，有效地稳定了市场信心，欧洲和亚洲股市开始回升。

10月13日，股民在北京一家证券营业部关注股市行情。 当日，在银行板块大幅飙升的带动下，沪深股市先抑后扬，出现反弹。上证综指和深证成指分别以2073.57点和6571.59点报收，较前一交易日上涨3.65%和2.92%。 新华社记者李晓果摄

纽约股市创出单日最大涨幅 伦敦股市大涨超8%

受到欧美政府联手出台系列救援计划的消息刺激，纽约股市１３日出现飙升，三大指数涨幅全部超过１１％，创下历史单日最大涨幅。详细>> Wall Street sees record one-day-surge after deep losses

www.chinaview.cn 2008-10-14 05:21:23

·Wall Street saw its biggest one-day-surge Monday after eight days of deep losses.

·The Dow Jones average rose 936.42, or 11.08 percent, to 9,387.61.

·About 3,030 stocks advanced, while only about 160 declined.

Traders in the S&P 500 pit 交易场地 of the Chicago Board of Trade 芝加哥交易所(1848年成立, 是世界最大的谷物交易所) signal orders shortly after the opening bell in Chicago, Illinois Oct.

13, 2008. (Xinhua/Reuters Photo)

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NEW YORK, Oct. 13 (Xinhua) -- Wall Street saw its biggest one-day-surge Monday after eight days of deep losses that took the Dow down nearly 2,400 points as the West governments' plans to support the global banking system.

The Dow Jones average rose 936.42, or 11.08 percent, to 9,387.61. The Dow's previous record for a one-day point gain was 499.19, or 4.93 percent, on March 16, 2000.

The S&P 500 index advanced 104.13, or 11.58 percent, to 1,003.35. It was the biggest point gain ever for the S&P 500 and was the biggest percentage gain for the index since March 15, 1933, when it surged 16.6 percent.

The Nasdaq rose 194.74, or 11.81 percent, to 1,844.25, its 10th biggest point gain; during the dot-com boom, the index soared as much as 324.83 in one day. Its percentage gain Monday was second to the 14.2 percent logged Jan. 3, 2001, the same day that the Nasdaq set its record for a one-day point gain.

About 3,030 stocks advanced on the New York Stock Exchange, while only about 160 declined. But the trading volume of 1.82 billion shares was lighter than it had been last week.

Traders work at the New York Stock Exchange 纽约证券交易所in New York, the United States, on Oct. 13, 2008. (Xinhua Photo)

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Chinese official calls for stronger co-op to maintain world economic stability

WASHINGTON, Oct. 12 (Xinhua) -- International cooperation should be strengthened to maintain world economic stability, a senior Chinese financial official said here Sunday.

"The current world economic and financial situation is complex," said Li Yong, Chinese Vice Minister of Finance, adding that the global economic slowdown "will adversely affect global development and poverty reduction." Full story

G20 vows to use all means to ensure stability of financial market WASHINGTON, Oct. 11 (Xinhua) -- The Group of 20 (G20) has committed to using "all the economic and financial tools to ensure the stability of

financial markets," said a statement issued after an emergency meeting here on Saturday.

The bloc 集团, which groups 19 top developed and developing countries and the European Union, convened a special meeting amid the raging global financial crisis. Full story

Chinese official calls for stronger co-op to maintain world economic stability

www.chinaview.cn 2008-10-13 10:18:31 Print

W ASHINGTON, Oct. 12 (Xinhua) -- International cooperation should be strengthened to maintain world economic stability, a senior Chinese financial official said here Sunday.

"The current world economic and financial situation is complex," said Li Yong, Chinese Vice Minister of Finance, adding that the global economic slowdown "will adversely affect global development and poverty reduction."

"The international community should make correct judgment on the situation and strengthen cooperation to jointly maintain world economic stability," he said in a statement at the 78th Development Committee of the World Bank and the International Monetary Fund.

To this end, the vice minister said, developed countries should adopt responsible macro-economic policies to maintain international macro-stability.

"The policy responses should not only effectively address the present crisis , but also take into account long-term interests, as well as their impact on the international macro environment," he noted.

Major developed countries should maintain stability of the value of international reserve currencies and ease the global inflationary pressure, Li said.

The international community should also be vigilant against possible deflation caused by a slowdown of the world economy, he said.

deflation: A persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit.

【经济学】 通货紧缩：由于可获得货币和信贷的减少，导致消费品价格水平的持续下降或货币购买力的持续提高

Meanwhile, developing countries' efforts to maintain stable growth should be supported by the international community, Li said. "Developing countries are strong forces of the global efforts to contain a worldwide vicious economic recession."

Faced with the changes in the world economy, Li said, developing countries are stabilizing their macro economy, conducting domestic restructuring and actively pursuing

South-South cooperation by sharing experiences and complementing each other based on their respective comparative advantages.

"This is not only conducive to middle-income developing countries' efforts to expand overseas markets and nurture new growth points, but also supportive of low-income developing countries' infrastructure development and will lay a solid growth foundation," he said.

Therefore, the economic stability and social security of the entire developing world is an important part of the solution to the present crisis, and a necessary condition for achieving long-term growth and development of the world economy, Li said.

In addition, the international community should explore the establishment of an international economic order aimed at promoting global common development, he noted.

"We should pursue the establishment of international economic, financial, monetary, trade and development systems which suit inclusive and sustainable globalization, and enhance global economic governance from all aspects," he said.

The World Bank Development Committee was established in 1974 to advise the boards of governors of the bank and the fund on critical development issues and on the financial resources required to promote economic development in developing countries. The committee usually meets twice a year.

G20 vows to use all means to ensure stability of financial market

www.chinaview.cn 2008-10-12 12:33:39 Print

W ASHINGTON, Oct. 11 (Xinhua) -- The Group of 20 (G20) has committed to using "all the economic and financial tools to ensure the stability of financial markets," said a statement issued after an emergency meeting here on Saturday.

The bloc, which groups 19 top developed and developing countries and the European Union, convened a special meeting amid the raging global financial crisis.

US Federal Reserve Bank Chairman Ben Bernanke (2nd L), Treasury Secretary Henry Paulson (3rd L) and President George W. Bush (C) sit down to a G-20 Ministerial Meeting led by Brazil's Finance Minister Guido Mantega (2nd R) and Central Bank President Henrique Meirelles (R) at IMF Headquarters in Washington, October 11, 2008.

The G20 endorsed a five-point action plan adopted by the smaller Group of Seven leading economies (G7), which on Friday vowed to use "all necessary tools" to ease the financial crisis .

The statement said members of the G20 have vowed to join hands to improve the regulation, supervision and the overall functioning of the world's financial markets.

Chinese Vice Minister of Finance Li Yong and Deputy Governor of the People's Bank of China Yi Gang attended the meeting.

U.S. President George W. Bush briefed the meeting, while U.S. Secretary of Treasury Henry M. Paulson introduced the latest development of the country's financial crisis.

brief sb. on sth.向某人简要地介绍某事

Delegates exchanged their views on the world financial situation. They said the group will draw together, deepen cooperation and deal jointly with the crisis.

The bloc, established in 1999, is an important forum to promote dialogue between advanced and emerging countries on key issues regarding economic growth and stability of the financial system.

Chinese shares open sharply higher

www.chinaview.cn 2008-10-14 09:50:00 Print

BEIJING, Oct. 14 (Xinhua) -- Chinese share prices opened 3.16 percent higher on Tuesday to 2,139.07 points following rises in overseas markets sparked by global efforts to stem the financial crisis . The Shanghai Composite Index opened at 2,139.07 points, up 3.16percent from the previous closing. The smaller Shenzhen Component Index opened at 6,772.38 points, up 3.06 percent.

Finance and mining sectors led the gains.

Share prices in other Asian markets also surged on Tuesday's opening.

Singapore shares were 5.04 percent higher in early trade on Tuesday. Philippine share prices opened 7.34 percent higher and Hong Kong share prices 5.1 percent higher. Share prices in the Republic of Korea opened 5.14 percent higher.

Chinese shares ended a weeklong decline and rebounded on Monday, as regional markets rallied 反弹 after central banks around the world made bold moves to cope with the global financial crisis.

Following the announcements of European countries' cash infusion plans worth nearly 2 trillion U.S. dollars, the blue chip 蓝筹股（稳而值钱的股票） Dow Jones industrial average soared 936 points, or more than 11 percent, in its biggest one-day gain, on Monday.

China central bank pledges more cooperation to stem global financial crisis

BEIJING, Oct. 10 (Xinhua) -- China's central bank on Friday said it will continue international cooperation to tackle the global financial crisis and maintain market stability.

The pledge came two days after the People's Bank of China (PBOC) announced an interest rate cut in a coordinated global move to revive solvency 偿付能力in the international financial system. Full story

China central bank cuts interest rate, reserve requirement to stimulate economy

BEIJING, Oct. 8 (Xinhua) -- China's central bank on Wednesday announced cuts in both the interest rate and reserve-requirement ratio in the latest effort to boost the domestic economy amid worries over the deepening global financial crisis.

The deposit and lending rates would be lowered by 0.27 percentage points from Thursday and the reserve-requirement ratio would be down by 0.5 percentage points from Oct. 15, the People's Bank of China (PBOC) said. Full story

China balances growth and inflation

BEIJING, Oct.2 (Xinhua) -- Seeing fully loaded trucks drive steadily away from the warehouse, Cheng Yongchang uttered a long sigh of relief. Despite dripping with sweat from the hot weather, the general manager of a South China toy producer would frequently feel waves of chills from a "winter of foreign trade."

Small- and medium-sized enterprises (SMEs) in South China's Pearl River Delta, the world's workshop , are facing a critical period of trying to survive the current global economic slowdown. Full story

China cancels stamp tax on stock purchase to support equities market

BEIJING, Sept. 18 (Xinhua) -- China decided on Thursday to scrap the stamp tax on stock purchase, effective on Friday, in a move to boost the equities market after domestic stocks fell for third consecutive day since Tuesday.

With the authorization of the State Council, China's Cabinet, the Ministry of Finance and the State Administration of Taxation said they decided to cancel the share trading stamp tax on stock purchase while the stamp tax on share selling remained unchanged at 0.1 percent. Full story

State investment arm to shore up 支持three Chinese lenders' shares

BEIJING, Sept. 18 (Xinhua) -- The Central Huijin Investment Co.,Ltd., an investment arm of

the Chinese government, said Thursday it would buy the shares of three major Chinese lenders on the secondary market to shore up their share prices amid stock market slumps. 消沉, 衰退, (物价) 暴跌

The company said it would buy the shares of the Industrial and Commercial Bank of China, the Bank of China and the China Construction Bank and operations had started on Thursday. Full story

China's SOEs told to be fiscally prudent in '09 budgets

www.chinaview.cn 2008-10-14 17:36:52 Print

BEIJING, Oct. 14 (Xinhua) -- China's government says state-owned enterprises (SOEs) should exercise prudence when investing in 2009 to prevent financial crisis as the global economy teeters 摇摇欲坠on the brink of collapse.

The State-owned Assets Supervision and Administration Commission (SASAC) made the request in a circular 通告issued late Monday. It's the first time SOEs have been asked to be cautious about investment budgets in stock markets and futures markets. 期货市场

Shanghai Securities 有价证券Journal believed the statement was a signal that SOEs would cut back on investment specifically in securities markets.

Li Feng, a senior analyst with China Galaxy Securities, said SOEs invested hundreds of billions yuan in securities markets, which is less than 10 percent of the overall volume.

Feng said, fewer SOE investments would not have much impact on the securities market.

According to the circular, SOEs should also seek long-term balance between funds used for operation and investment.

Guaranteeing stable capital supply and preventing financial risks are among the government's top concerns for the coming year.

Turbulence 动荡in domestic and international economic environments has led to rising uncertainties for SOEs. Enterprises don't know how much to budget for things like energy, raw materials and labor.

Meanwhile, financing 融资is more difficult for businesses due to a tight monetary policy. 紧缩信用政策

In the first half of 2008, SOE profits were down 10.3 percent year on year [经]与上年同期数字相比的to 425.6 billion yuan (62.3 billion U.S. dollars) despite a double-digit growth of sales revenue .

In the circular, SASAC ordered 147 SOEs, under its supervision, to map out 制订fiscal budget reports for 2009.

"Centrally-administered SOEs should strive to increase revenue and reduce expenditure. Try every means to cut budgets in cost and expenditures," said the notice.

SOEs with shrinking profits were prohibited from a budget increase.

The SASAC demanded SOEs submit budget reports before Jan. 31, 2009. Those reports should cover operations of all in-house 在机构内部units, subsidiaries 子公司(=subsidiary company) both at home and abroad , institutions and construction projects under SOEs' administration.

Bush signs historic financial bailout 救援行动的plan into law

www.chinaview.cn 2008-10-04 04:07:26 Print

W ASHINGTON, Oct. 3 (Xinhua) -- U.S. President George W. Bush on Friday signed a historic financial bailout plan into law, which authorizes the government the largest financial intervention since the Great Depression.

The president signed the measure at his desk in the White House after returning from the nearby Treasury Department where he thanked employees for their hard work on the rescue package , U.S. media reported.

The 700 billion dollars bailout package was passed by a vote of 263-171, a comfortable margin that was 58 more votes than the measure garnered 取得, 获得in Monday's stunning defeat.

Monday's vote sent markets plunging around the globe and forced the Bush Administration and congressional leadership to scramble and salvage the rescue plan. The Senate passed the new version Wednesday on a bipartisan 得到两党支持的vote of 74-25.

Earlier Friday, Bush praised the Congress's efforts, saying the passage represented "decisive action to ease the credit crunch 危急情况：危急时刻或紧急状态，尤指由于缺少时间或资源而产生的危机：that is now threatening our economy."

"We have acted boldly to help prevent the crisis on Wall Street from becoming -- from becoming a crisis in communities across our country," said the president. "We have shown the world that the United States of America will stabilize our financial markets and maintain a leading role in the global economy."

Australian PM addresses nation on global financial crisis

www.chinaview.cn 2008-10-14 20:26:56 Print

Backgrounder: U.S. Financial Crisis

CANBERRA, Oct. 14 (Xinhua) -- Australian Prime Minister Kevin Rudd made a televised address on Tuesday night to the nation, outlining his government's latest move to protect Australia from the global financial crisis.

Rudd used the 3-minute address to try to reassures Australians, just hours after announcing a 10.4 billion dollars (7.1 billion U.S. dollars) Economic Security Strategy.

"Many Australians have become concerned, anxious and even fearful as to the future. The truth is that we are going through the worst financial crisis in our lifetime. I've described it as the economic equivalent of a national security crisis.," he said.

He said more than 25 banks around the world have failed, or been bailed out, but here in Australia, "we have among the best regulated banks, with the best balance sheets, in the world."

资产负债表A statement of a business or an institution that lists the assets, debts, and owners' investment as of a specified date.

资产负债表：一个公司或机构在指定日期的资产、负债和所有者投资的列表说明

He said he would act to ensure the stability of Australia's financial system, but warned the country would not be immune from 免疫的the crisis impacting around the world.

"In the last few weeks, the global financial crisis has moved into a new and dangerous stage," he said.

"That's why the government today announced this 10.4 billion dollars Economic Security Strategy to support continued positive growth in the national economy, and to provide practical help to households as well."

He said there will be tough times ahead, but the government "remains determined to take whatever action is necessary in the future to steer the economy through this global financial crisis."

"And I have absolute confidence that as a nation, we will get through these tough times together," he said.

G-7 announces plan to fight global financial crisis

www.chinaview.cn 2008-10-11 07:58:42 Print

·The G-7 agrees that the current situation calls for urgent and exceptional action.

·The G-7 will "use all available tools to prevent financial institutions 金融机构failure." ·The G-7 will also take all necessary steps to unfreeze credit and money markets.

W ASHINGTON, Oct. 10 (Xinhua) -- Finance officials from the Group of Seven (G-7) announced here Friday a plan of action to battle the ongoing global financial crisis.

"The G-7 agrees today that the current situation calls for urgent and exceptional action," said a statement released by the U.S. Treasury Department announcing the plan of action.

"We commit to continue working together to stabilize financial markets and restore the flow of credit, to support global economic growth," it said.

According to the statement, the G-7 will "take decisive action and use all available tools to support systematically important financial institutions and prevent their failure."

The world's seven major economies will also take all necessary steps to unfreeze credit and money markets and ensure that banks and other financial institutions have broad access to liquidity 流动性：可得或需要现金时即可获得的能力and funding.

It will "ensure that our banks and other major financial intermediaries, as needed, can raise capital from public as well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses."

Meanwhile, member of the group will ensure that "our respective national deposit insurance and guarantee programs are robust and consistent so that our retail depositors will continue to have confidence in the safety of their deposits."

In addition, the G-7 will "take action, where appropriate, to restart the secondary markets for mortgages and other securitized assets."

The plan of action was announced after G-7 finance ministers and central bank governors met here Friday before the annual meetings of the International Monetary Fund and its sister institution World Bank.

The G-7 meeting, which brought together financial officials of the United States, Germany, Japan, France, Britain, Italy and Canada, was held amid a stunning loss of confidence in the global financial system that has sent markets into a free fall.

"The actions should be taken in ways that protect taxpayers and avoid potentially damaging effects on other countries," the statement said, adding that "we will use macroeconomic policy tools as necessary and appropriate."

"We will strengthen further our cooperation and work with others to accomplish this plan,"

the G-7 pledged .