2008-07-23
World-class wealth of the rich and making money Faji unique Miji (AP)
Recently, in a magazine to see such an article that is a foreigner is called Filo Faji how to get rich feeling Poshen.
Filo born in a slum, he and many of the children born in a slum like Zhengqianghaosheng, also likes to play, mischievous and even truancy.
But different is that there is a small Filo found at the extraordinary wealth of insight. He Jianlai the street from a toy car repaired so that students play, and then to 0.5 cents for each charge. In a week, he even Zhuanhui a new toy car. Filo teachers are deeply regrettable and said to him: "If you were born in a rich family, you will become a good businessman, but this is for you can not have things, you can become a street Traders on the good. "
Filo After graduating from secondary school, the teacher, as he said, he really has become a small traders. He sold batteries, metal fittings, lemonade, each have the same operating handy. And the slums compared to peers, he has to be considered a success. However, not all the teacher's prediction right, Filo started by a group of silk, jumped from small traders to become businessmen.
The award of silk from Japan, a number of foot as much as a ton, because the vessels during transport, encountered a storm, they disseminated the dye silk was. How to deal with these dyes disseminated by the silk, a headache for the Japanese very much. They want to sell, no one Wenjin; shipped from the port would like to throw away, fearing the environmental sector were punished. Thus, the Japanese intend to return to the road of silk thrown the sea.
Port region has an underground bar, Filo always there to drink. On that day, Filo drunk. When he was walking through some instability in Japan Seamen's side, seafarers and bars are the attendants said that the silk of those annoying things. That are unmotivated, the listener interested, he felt that the opportunity came.
The next day, Filo came to the ships, and hand-pointing stopped at the port of a truck on the captain said: "I can not help you with these swap deal with the silk." Results, he did not spend any of these costs would have Disseminated by the dye silk. He then used those made of silk camouflage clothing, camouflage hats and camouflage tie. Almost overnight, he has a 100,000 U.S. dollars of the wealth.
One day, Filo in the countryside watch a piece of land. He found the masters of this piece of land, said he is willing to spend 100,000 U.S. dollars to buy down. The land owner get 100,000 U.S. dollars, the heart is still laughing at him: "This remote lots, only fools to be as high as the price!" What is unexpected is that after one year, the municipal government announced the outskirts of built in Central City Road. Soon Filo revaluation of land 150 times, the city he found a rich, are willing to use 20 million U.S. dollars to buy his land, Regal would like to build villas in the group here. However, Filo did not sell his land, he smiled and told Regal: "I would like to, and so on, because I think this piece of land should be a more value-added."
Filo can not really expected, three years later, That land sold 25 million U.S. dollars.
His colleagues would like to know how he had obtained that information, they even suspect that he and officials from the municipal government. However, a result they are very disappointed, Filo no one at City Hall as friends.
Filo live a 77-year-old, dying before he let Secretary in the newspaper issued a message that he is about to heaven, willing to give those who lost loved ones with message, charges 100 U.S. dollars per person. This absurd news has aroused the curiosity of countless people, and he earned 100,000 U.S. dollars. If he insisted in bed more than a few days, will earn more.
He's also a very special wills, so that his secretary received a one ad, said he is a gentleman, and one is willing to reeducation-through-the same spot, a tomb. The results, an investor is willing to Lady 50,000 U.S. dollars and buried with him.
Filo and prosperity of Faji, in the eyes of many people has always been a mystery. Whoever started the trouble should end it. His unique Jiang Xin of the inscription, perhaps summed up his extraordinary found in the miracle of the legendary life, may be able to help many people become rich and untied his Faji the mystery: "We do not lack wealth around, but found a lack of vision of wealth . "
Comments: In the current market economy, in particular the current real estate industry is in the process of macro-control, regulation and control of the government, enterprises and individuals with the opportunity to see how we can seize the opportunity to find that our side of the "wealth "Enlarge and strengthen our businesses, the success of our cause.
Source: business
China's youngest billionaire inventory (AP)
High fuel, and would like to Dai Zhikang Li was born in 1981, Mao Kankan, born in 1983.
Diyitongjin rise of software inventions
Born in the same computer age than the Dai Zhikang Li would like to contact the computer as early as two years, primary grade 5. Dai is the father of the Daqing Petroleum Institute Bodao. Under the guidance of his father, he obsessed by computer programming. - Reading the first two days, on the market with rising anti-virus software. After pondering, found that the wearing of which the technical flaws.
Admitted to the Harbin Engineering University, Dai Zhikang Xiang Zhaodian thing to do, laying the foundation for the future development of the cause. One day, very occasionally, to wear to a film forum, has found that there are 100,000 registered users. He would like to: If there is one of the software, in a community forum for a server garments, light on a user brought 100,000 people, 100 is 10 million, 1000 is 100 million, this is geometry-class model of development. Dai decided to engage in such software, to be named Discuz. After more than a year, because the software used to support users, Internet users to quickly accepted. Done two years later, he unexpectedly received a Hong Kong company's remuneration, this find that their work can translate into real value. He is preparing to commercial products.
In early 2004, Dai Huaichuai earn the Diyitongjin, went to Beijing from Harbin. He first spent Qibashiwan bought apartments to office, began to register their Hong Sing, at this time, he was still in college students. As of 2005, company sales were up 50 percent.
Li bubble to the end of 2005 net revenue of 20 million, 50% percent of profits, according to the prevailing market acquisition standards, that is 20 times the price-earnings ratio to calculate, the shares of the company he is, net worth has Guoyi. In July last year, Dai Zhikang have received wind of the vote for several million U.S. dollars, net worth has been a billion. Mao is in a high and just start-up phase.
Billion in assets to give up a college entrance examination
May 21, Ding Hao Zhongguancun Computer City. Li, the company would like to open the interval between each desk capacity only one passed, the people are sitting busy.
After the bubbles to expand the scale of network this year, the number of people from less than 50 to 80, to 100 people, more than 110 people, is expected to reach the end of the year 180. 700 square meters of space has been unable to accommodate the company's development also needs to pay attention to the business image of the stage.
Lee would like the bubble is a network engaged in computer hardware, personal and office digital products of the information service website. Six years ago, a middle school in Shijiazhuang Dugao San Lee did not want to do too much planning for the future, only a simple decision: not to participate in college entrance examination.
Lee would like to first contact in the first day the computer and immediately with the fans. To a high, Lee would like to finally have their own computers, spent more than 8,000 pieces, and is in accordance with their own requirements of the configuration of a machine saved. At that time, only dial-up Internet access, Lee would like to have a monthly fee for Internet Qi Babai block, the flowers are my own money. This money is to the computer professional writing in the newspaper's Gao Fei.
Third year, Li Xiang Gao, "House of cards" of the site, spend 7-8 hours a day, Gu Bushang courses. Not after reading the first month, a Guangdong to give the boss said Lee would like to send promotional fees, he did not really, really sent the results of the other more than 6,000 yuan.
He was not a good idea of how to conduct the business of the operation site. The end of the year, he earned 100,000.
2000 Spring Festival, Li graduated from university would like to persuade workers to Shenzhen three months after the Fanzheng back to Shijiazhuang, the site of two people together, set up bubble net. The end of 2003, bubble up a network of business three times.
A message germination of the ideas
Before 2005, four of the youngest Mao Kankan has not been idle, from the initial red flag Chinese companies in 2000, subsequent to the "energy and disruption." The switch is a series of deliberate and dirty as he had干过technology, sales, management, packaging and promotion work. As Shoukuai, he was responsible for the work usually completed earlier than others.
Majoy entrepreneurial ideas from Mao, a mission received messages: Sichuan Mobile Communications Welcomes You! This many people would receive the SMS, so that if he suddenly think of the traditional online games or computer games moved to single reality , Mobile phone or PDA, such as mobile terminals and the background of various forms of communication technology integration, not to create a more real number of live games Mody »
Back to Beijing, Mao, one by one recognized by the advisory, research, he moved to the reality that will be online games venues, live from the role played by large number of mobile terminals (PDA and mobile phones) and e-props, to control the game is a Is based on traditional forms of entertainment and traditional entertainment forms of innovative models.
From the newspaper into the IT sector Da Tianxia
1998, burning a half year high in a factory in Dongguan Zhangmutou wage, then he is graduating from secondary school. Half a year later, he admitted to Qinghua University, the village folks have moved to comment: "High fuel the future when the central committee can certainly!" In 2003, Yinciyangcuo, high fuel missed the South Newspaper Group's final round of interviews Later in his "Economic Observer reported" done a financial journalist, was also named best new newspaper reporter.
Eight months after a career, University of Finance, IT know nothing about the high fuel Zongshen to the IT sector venture. Is the network of networks in the Tsinghua alumni, to help him now integrated into the company a sum of U.S. venture capital investment. All of a sudden on the value of the company tens of millions.
Later, the burning of high life in "the most important贵人" emerged. Jiangsu Far East Group Chairman Jiang Xipei, attended a meeting in Changchun, Jianzhao the train station one night to plan the delivery of high combustion. Jiang Xipei to vote for the high fuel 1000000, e-commerce high fuel did not plan to burn this input to a Suoyi Ran. He began to choose some other projects, then the students of Tsinghua Dundee pondering a P2P streaming media transmission technology applications, allowing a live broadcast of a video film cost 7 yuan from the money fell to 7 cents, in February 2005 two people Come together in June to merge their respective companies, professionals do live video Mysee was born.
After the money "sooner or later to buy a Hummer"
Lee himself would like to set the annual salary is 150,000, the average monthly recipients. A room, car, he basically no major expenses. Clothes that are bought to buy several brands. And Dai Zhikang as early as 2004 there is an iron gray BMW 3 Series. Dai said he decided to buy big things quickly, for example, to那套160-square-meter room, in June 2004, that launched the first week after purchase, spent over 100 million. He has three years of no dividend, although to set their own monthly salary is 20,000, but have never been fixed. Mao Kankan do not want the car, he bought his 2002 Sail has half-price premium, is now open the company's Nissan car. He said the wages of 8,000 yuan a month, to buy gifts for his girlfriend, following two days the two Chidun pizza into the moonlight on the Family. "I do not like cars." It just exports, high fuel and Dunleyixia, "But I like the Hummer, sooner or later to buy one."
Diyitongjin rise of software inventions
Born in the same computer age than the Dai Zhikang Li would like to contact the computer as early as two years, primary grade 5. Dai is the father of the Daqing Petroleum Institute Bodao. Under the guidance of his father, he obsessed by computer programming. - Reading the first two days, on the market with rising anti-virus software. After pondering, found that the wearing of which the technical flaws.
Admitted to the Harbin Engineering University, Dai Zhikang Xiang Zhaodian thing to do, laying the foundation for the future development of the cause. One day, very occasionally, to wear to a film forum, has found that there are 100,000 registered users. He would like to: If there is one of the software, in a community forum for a server garments, light on a user brought 100,000 people, 100 is 10 million, 1000 is 100 million, this is geometry-class model of development. Dai decided to engage in such software, to be named Discuz. After more than a year, because the software used to support users, Internet users to quickly accepted. Done two years later, he unexpectedly received a Hong Kong company's remuneration, this find that their work can translate into real value. He is preparing to commercial products.
In early 2004, Dai Huaichuai earn the Diyitongjin, went to Beijing from Harbin. He first spent Qibashiwan bought apartments to office, began to register their Hong Sing, at this time, he was still in college students. As of 2005, company sales were up 50 percent.
Li bubble to the end of 2005 net revenue of 20 million, 50% percent of profits, according to the prevailing market acquisition standards, that is 20 times the price-earnings ratio to calculate, the shares of the company he is, net worth has Guoyi. In July last year, Dai Zhikang have received wind of the vote for several million U.S. dollars, net worth has been a billion. Mao is in a high and just start-up phase.
Billion in assets to give up a college entrance examination
May 21, Ding Hao Zhongguancun Computer City. Li, the company would like to open the interval between each desk capacity only one passed, the people are sitting busy.
After the bubbles to expand the scale of network this year, the number of people from less than 50 to 80, to 100 people, more than 110 people, is expected to reach the end of the year 180. 700 square meters of space has been unable to accommodate the company's development also needs to pay attention to the business image of the stage.
Lee would like the bubble is a network engaged in computer hardware, personal and office digital products of the information service website. Six years ago, a middle school in Shijiazhuang Dugao San Lee did not want to do too much planning for the future, only a simple decision: not to participate in college entrance examination.
Lee would like to first contact in the first day the computer and immediately with the fans. To a high, Lee would like to finally have their own computers, spent more than 8,000 pieces, and is in accordance with their own requirements of the configuration of a machine saved. At that time, only dial-up Internet access, Lee would like to have a monthly fee for Internet Qi Babai block, the flowers are my own money. This money is to the computer professional writing in the newspaper's Gao Fei.
Third year, Li Xiang Gao, "House of cards" of the site, spend 7-8 hours a day, Gu Bushang courses. Not after reading the first month, a Guangdong to give the boss said Lee would like to send promotional fees, he did not really, really sent the results of the other more than 6,000 yuan.
He was not a good idea of how to conduct the business of the operation site. The end of the year, he earned 100,000.
2000 Spring Festival, Li graduated from university would like to persuade workers to Shenzhen three months after the Fanzheng back to Shijiazhuang, the site of two people together, set up bubble net. The end of 2003, bubble up a network of business three times.
A message germination of the ideas
Before 2005, four of the youngest Mao Kankan has not been idle, from the initial red flag Chinese companies in 2000, subsequent to the "energy and disruption." The switch is a series of deliberate and dirty as he had干过technology, sales, management, packaging and promotion work. As Shoukuai, he was responsible for the work usually completed earlier than others.
Majoy entrepreneurial ideas from Mao, a mission received messages: Sichuan Mobile Communications Welcomes You! This many people would receive the SMS, so that if he suddenly think of the traditional online games or computer games moved to single reality , Mobile phone or PDA, such as mobile terminals and the background of various forms of communication technology integration, not to create a more real number of live games Mody »
Back to Beijing, Mao, one by one recognized by the advisory, research, he moved to the reality that will be online games venues, live from the role played by large number of mobile terminals (PDA and mobile phones) and e-props, to control the game is a Is based on traditional forms of entertainment and traditional entertainment forms of innovative models.
From the newspaper into the IT sector Da Tianxia
1998, burning a half year high in a factory in Dongguan Zhangmutou wage, then he is graduating from secondary school. Half a year later, he admitted to Qinghua University, the village folks have moved to comment: "High fuel the future when the central committee can certainly!" In 2003, Yinciyangcuo, high fuel missed the South Newspaper Group's final round of interviews Later in his "Economic Observer reported" done a financial journalist, was also named best new newspaper reporter.
Eight months after a career, University of Finance, IT know nothing about the high fuel Zongshen to the IT sector venture. Is the network of networks in the Tsinghua alumni, to help him now integrated into the company a sum of U.S. venture capital investment. All of a sudden on the value of the company tens of millions.
Later, the burning of high life in "the most important贵人" emerged. Jiangsu Far East Group Chairman Jiang Xipei, attended a meeting in Changchun, Jianzhao the train station one night to plan the delivery of high combustion. Jiang Xipei to vote for the high fuel 1000000, e-commerce high fuel did not plan to burn this input to a Suoyi Ran. He began to choose some other projects, then the students of Tsinghua Dundee pondering a P2P streaming media transmission technology applications, allowing a live broadcast of a video film cost 7 yuan from the money fell to 7 cents, in February 2005 two people Come together in June to merge their respective companies, professionals do live video Mysee was born.
After the money "sooner or later to buy a Hummer"
Lee himself would like to set the annual salary is 150,000, the average monthly recipients. A room, car, he basically no major expenses. Clothes that are bought to buy several brands. And Dai Zhikang as early as 2004 there is an iron gray BMW 3 Series. Dai said he decided to buy big things quickly, for example, to那套160-square-meter room, in June 2004, that launched the first week after purchase, spent over 100 million. He has three years of no dividend, although to set their own monthly salary is 20,000, but have never been fixed. Mao Kankan do not want the car, he bought his 2002 Sail has half-price premium, is now open the company's Nissan car. He said the wages of 8,000 yuan a month, to buy gifts for his girlfriend, following two days the two Chidun pizza into the moonlight on the Family. "I do not like cars." It just exports, high fuel and Dunleyixia, "But I like the Hummer, sooner or later to buy one."
Diving oil prices high-profile overseas stock market gains Ruchao
Hurricane "Dolly" supply disruptions caused by fear dissipated, the international oil prices this week to continue adjustment. 22, New York crude oil futures fell to 127.95 U.S. dollars of the nearly seven-week lows. The stronger dollar and the U.S. will be adopted to combat speculation in futures markets and other factors, "adding fuel to the flames", the electronic trading yesterday, New York crude oil contract to substantially lower, once fell below 126 U.S. dollars for the June 5 the lowest level since. So far, oil prices have more on the 11th of this month set a record high of 147.27 U.S. dollars has fallen more than 15%.
Encouraged by the continuous oil prices fell, U.S. stocks closed sharply higher on the 22nd Asia-Pacific and European stock markets have also strengthened yesterday. Investors on corporate profits and inflation after that, while airline stocks such as the oil price sensitive stocks were also Repeng.
⊙ our reporter Zhou Liang Zhu
With no fear of hurricane
As of yesterday - 9:11 p.m., New York, September crude oil contract was 126.83 U.S. dollars, down 1.2 percent after falling to 125.47 U.S. dollars. Due on the 22nd day of August contract closed down 2.4 percent, at 127.95 U.S. dollars for the June 5 the lowest closing price.
So far, oil prices hit on the 11th of this month compared to the record high of 147.27 U.S. dollars of the total fell by more than 15%. Ended on the 22nd of the six trading days, oil prices have dropped in five days last week, is the fourth consecutive day that was mainly because investors think the economy will cool down against oil demand.
The last two days about the biggest factor is the oil price storm. As the tropical storm "Dolly" the official development as the hurricane this week, the outside world for its possible serious damage to the Gulf of Mexico oil production facilities concerns suddenly heated up. However, the latest forecast showed that "Dolly" is likely to avoid the main oil-producing areas, easing market concerns of supply disruptions.
The U.S. National Hurricane Center forecast issued the evening of 22, "said Dolly" positive approaching the northern region of Mexico and the United States may be in the southern states. And the United States in the Gulf of Mexico's main oil-producing areas in the state in the north, the region accounted for U.S. oil-producing country's 25 percent.
So far, the U.S. Gulf of Mexico oil production by the impact of Hurricane was still limited. So far, only 49 platforms and six drilling evacuation of staff in advance, the region is expected to affect production 4.7 percent.
Lina in 2005 and Hurricane Katrina struck the Gulf, the United States of crude oil and natural gas production was severely damaged, 95 percent of production because of Katrina were forced to close, and then substantially boost oil prices soaring.
The dollar's rally
Analysts say that oil prices plummeted over the past two days with the continued strength of the dollar, which has been part of his speech, U.S. officials support. Oil is denominated in the dollar of goods, the dollar would normally depress oil prices rose, and vice versa.
On the 22nd New York trading, the dollar against all major currencies to rise substantially. Exchange analysts believe, the same day U.S. Treasury Secretary Paulson and Fed officials some of the speech to stimulate the stronger dollar.
On the 22nd New York trading, the euro against the U.S. dollar from 1.5893 the previous day dropped to 1.5788, while sterling against the dollar to below 2.0 juncture, to 1.9920 U.S. dollars. In addition, the dollar rose to near 106.75 yen from 107.21.
U.S. Treasury Secretary Paulson said the same day, the United States will ensure that Fannie and premises of the United States and the two major housing loan financing agencies to resume normal operation, which the stability of financial markets and the world economy are essential. He also said that a strong dollar in line with U.S. interests; U.S. banking system and the long-term U.S. economic fundamentals remain sound, but the end of the current economic shocks still longer period of time.
The same day, the Federal Reserve Federal Open Market Committee members, the Philadelphia Federal Reserve Bank of Pu Luose said that in too long to maintain excessively easy monetary policy will lead to worsening inflation, the Fed may have to be in the financial market recovery before raising interest rates , A change in policy, "the sooner the better." Such remarks stirred up the market on expectations of a rate hike, the dollar boost.
Yesterday, the Asian and European trade, the dollar was continuing to consolidate gains. -- As of 16:41 yesterday, the dollar index rose 0.33 percent, to 72.67 near the two-week high. The euro fell to 1.5730 to the dollar near lows for the past two weeks, the dollar against the Japanese yen and Swiss franc, and so will have two weeks to high.
The stock market up
High oil prices on the Taiwan stock market diving formed a direct positive, the U.S., Asia-Pacific and European stock markets over the past two days have made a positive response, especially airline stocks. High oil prices will weaken corporate profitability, while pushing up inflation.
On the 22nd New York close, the three main Wall Street index rose 1 percent. The Standard & Poor's 500 index rose 1.4 percent to 1,277 points, on the 15th of this month lows the past three years has rebounded 5.1 percent. The Dow rose 135.16 points, or 1.2 percent, to 11602.5 points. The Nasdaq composite index also rose 1.1 percent to 2303.96 points.
Yesterday, the Asia-Pacific stock market gains also Ruchao. Japan's stock market closed on the 23rd move up the second consecutive day, stock prices rose to two-week high. The Nikkei 225 index rose 1 percent, at 13312.93 points, on the 7th highest closing price since. Korean stock market also rose nearly 2 percent, Seoul Composite Index was up 1.99 percent, at 1592.32 points, to July 3 the highest closing price since. Chinese Taipei weighted index closed at 7309.83 points, up 3.46 percent. On the 23rd Australian stock market closed up 2 percent, to 5105.3 points, after hitting a three-week intraday high of 5156.1 points.
In addition, the Hong Kong stock market opened higher yesterday also go high, to full-time closing high of 23134.55 points, the Hang Seng Index, rose 2.69 percent. State-owned Enterprises Index rose 3.26 percent.
Then the European stock markets closed generally rose, up to yesterday - 16:40, the three major European index gains were more than 1.5 percent, including Paris, the stock market rose 1.7 percent, the London stock market rose 1.7 percent, Frankfurt stock market rose 1.5 percent.
In addition to the continued rebound in financial stocks, airline stocks leading the stock market to become the biggest bright spot, of course, oil prices plummeted to Baidoa thanks. U.S. stocks closed on the 22nd, United rose 69 percent, to 8.41 U.S. dollars. JetBlue Airlines was up 16 percent, 59 percent of the U.S. aviation Hurricane. Yesterday, the stock market in the Asia-Pacific, Korean Air and Asiana Airlines, and other stocks generally rose more than 3%. Shipping stocks have also strengthened. Hong Kong-listed Cathay Pacific Airways rose 6.25 percent.
Yesterday morning in Europe, Europe's largest airline Air France to lead the major stock market higher, Air France shares were up 3.8 percent. British Airways also jumped 5 percent.
Encouraged by the continuous oil prices fell, U.S. stocks closed sharply higher on the 22nd Asia-Pacific and European stock markets have also strengthened yesterday. Investors on corporate profits and inflation after that, while airline stocks such as the oil price sensitive stocks were also Repeng.
⊙ our reporter Zhou Liang Zhu
With no fear of hurricane
As of yesterday - 9:11 p.m., New York, September crude oil contract was 126.83 U.S. dollars, down 1.2 percent after falling to 125.47 U.S. dollars. Due on the 22nd day of August contract closed down 2.4 percent, at 127.95 U.S. dollars for the June 5 the lowest closing price.
So far, oil prices hit on the 11th of this month compared to the record high of 147.27 U.S. dollars of the total fell by more than 15%. Ended on the 22nd of the six trading days, oil prices have dropped in five days last week, is the fourth consecutive day that was mainly because investors think the economy will cool down against oil demand.
The last two days about the biggest factor is the oil price storm. As the tropical storm "Dolly" the official development as the hurricane this week, the outside world for its possible serious damage to the Gulf of Mexico oil production facilities concerns suddenly heated up. However, the latest forecast showed that "Dolly" is likely to avoid the main oil-producing areas, easing market concerns of supply disruptions.
The U.S. National Hurricane Center forecast issued the evening of 22, "said Dolly" positive approaching the northern region of Mexico and the United States may be in the southern states. And the United States in the Gulf of Mexico's main oil-producing areas in the state in the north, the region accounted for U.S. oil-producing country's 25 percent.
So far, the U.S. Gulf of Mexico oil production by the impact of Hurricane was still limited. So far, only 49 platforms and six drilling evacuation of staff in advance, the region is expected to affect production 4.7 percent.
Lina in 2005 and Hurricane Katrina struck the Gulf, the United States of crude oil and natural gas production was severely damaged, 95 percent of production because of Katrina were forced to close, and then substantially boost oil prices soaring.
The dollar's rally
Analysts say that oil prices plummeted over the past two days with the continued strength of the dollar, which has been part of his speech, U.S. officials support. Oil is denominated in the dollar of goods, the dollar would normally depress oil prices rose, and vice versa.
On the 22nd New York trading, the dollar against all major currencies to rise substantially. Exchange analysts believe, the same day U.S. Treasury Secretary Paulson and Fed officials some of the speech to stimulate the stronger dollar.
On the 22nd New York trading, the euro against the U.S. dollar from 1.5893 the previous day dropped to 1.5788, while sterling against the dollar to below 2.0 juncture, to 1.9920 U.S. dollars. In addition, the dollar rose to near 106.75 yen from 107.21.
U.S. Treasury Secretary Paulson said the same day, the United States will ensure that Fannie and premises of the United States and the two major housing loan financing agencies to resume normal operation, which the stability of financial markets and the world economy are essential. He also said that a strong dollar in line with U.S. interests; U.S. banking system and the long-term U.S. economic fundamentals remain sound, but the end of the current economic shocks still longer period of time.
The same day, the Federal Reserve Federal Open Market Committee members, the Philadelphia Federal Reserve Bank of Pu Luose said that in too long to maintain excessively easy monetary policy will lead to worsening inflation, the Fed may have to be in the financial market recovery before raising interest rates , A change in policy, "the sooner the better." Such remarks stirred up the market on expectations of a rate hike, the dollar boost.
Yesterday, the Asian and European trade, the dollar was continuing to consolidate gains. -- As of 16:41 yesterday, the dollar index rose 0.33 percent, to 72.67 near the two-week high. The euro fell to 1.5730 to the dollar near lows for the past two weeks, the dollar against the Japanese yen and Swiss franc, and so will have two weeks to high.
The stock market up
High oil prices on the Taiwan stock market diving formed a direct positive, the U.S., Asia-Pacific and European stock markets over the past two days have made a positive response, especially airline stocks. High oil prices will weaken corporate profitability, while pushing up inflation.
On the 22nd New York close, the three main Wall Street index rose 1 percent. The Standard & Poor's 500 index rose 1.4 percent to 1,277 points, on the 15th of this month lows the past three years has rebounded 5.1 percent. The Dow rose 135.16 points, or 1.2 percent, to 11602.5 points. The Nasdaq composite index also rose 1.1 percent to 2303.96 points.
Yesterday, the Asia-Pacific stock market gains also Ruchao. Japan's stock market closed on the 23rd move up the second consecutive day, stock prices rose to two-week high. The Nikkei 225 index rose 1 percent, at 13312.93 points, on the 7th highest closing price since. Korean stock market also rose nearly 2 percent, Seoul Composite Index was up 1.99 percent, at 1592.32 points, to July 3 the highest closing price since. Chinese Taipei weighted index closed at 7309.83 points, up 3.46 percent. On the 23rd Australian stock market closed up 2 percent, to 5105.3 points, after hitting a three-week intraday high of 5156.1 points.
In addition, the Hong Kong stock market opened higher yesterday also go high, to full-time closing high of 23134.55 points, the Hang Seng Index, rose 2.69 percent. State-owned Enterprises Index rose 3.26 percent.
Then the European stock markets closed generally rose, up to yesterday - 16:40, the three major European index gains were more than 1.5 percent, including Paris, the stock market rose 1.7 percent, the London stock market rose 1.7 percent, Frankfurt stock market rose 1.5 percent.
In addition to the continued rebound in financial stocks, airline stocks leading the stock market to become the biggest bright spot, of course, oil prices plummeted to Baidoa thanks. U.S. stocks closed on the 22nd, United rose 69 percent, to 8.41 U.S. dollars. JetBlue Airlines was up 16 percent, 59 percent of the U.S. aviation Hurricane. Yesterday, the stock market in the Asia-Pacific, Korean Air and Asiana Airlines, and other stocks generally rose more than 3%. Shipping stocks have also strengthened. Hong Kong-listed Cathay Pacific Airways rose 6.25 percent.
Yesterday morning in Europe, Europe's largest airline Air France to lead the major stock market higher, Air France shares were up 3.8 percent. British Airways also jumped 5 percent.
Good news and oil prices fell to promote U.S. stocks rise slightly
As the day announced the results gave mixed signals as well as the international crude oil futures prices continued to fall, 23 on the New York stock market are the three major indexes rose slightly.
Dow component AT & T's earnings exceeded market expectations, the company led the Standard & Poor's 500 communications stocks rose by 3.4 percent, since January this year, the largest single-day jump. AT & T said that the growth of mobile users and its partners Apple's new iPhone mobile phone sales exceeded the previously estimated.
However, the largest U.S. warehouse retailer plummeted more than good by 12 per cent. The company forecast, due to higher energy prices, as at August quarter profits will be lower than analysts expected.
The plate overall financial gains. U.S. Treasury Secretary Paulson said that the two of the largest U.S. mortgage agency premises of the United States and Fannie's aid will help restore investor confidence in the market, the premises of the United States and Fannie Mae's shares were up 11% And 12%. U.S. House of Representatives will be on the 23rd of the housing package of legislative vote, the legislation includes both the federal government on the security programme. At present, the market's relief programme was optimistic about final passage.
In addition, last week, U.S. crude inventories report showed that consumer downturn led to rising fuel inventories, the New York Mercantile Exchange crude oil futures prices slipped further, the first time in six weeks at under 125 U.S. dollars per barrel. Affected by this, retail, aviation and automobile stocks rose.
To the New York stock market closed, the Dow Jones industrial average closed the day before rose 29.88 points to close at 11632.38 points, or 0.26 percent. The Standard & Poor's 500 index rose 5.19 points to close at 1282.19 points, or 0.41 percent. The Nasdaq composite index rose 21.92 points to close at 2325.88 points, or 0.95 percent.
European major stock markets have also gained the same day. London's "Financial Times" 100 stock average rose 1.60 percent, to close at 5449.9 points. Frankfurt's DAX index rose 1.45 percent, to close at 6536.09 points. France's CAC40 index rose 1.88 percent, to close at 4408.74 points.
Dow component AT & T's earnings exceeded market expectations, the company led the Standard & Poor's 500 communications stocks rose by 3.4 percent, since January this year, the largest single-day jump. AT & T said that the growth of mobile users and its partners Apple's new iPhone mobile phone sales exceeded the previously estimated.
However, the largest U.S. warehouse retailer plummeted more than good by 12 per cent. The company forecast, due to higher energy prices, as at August quarter profits will be lower than analysts expected.
The plate overall financial gains. U.S. Treasury Secretary Paulson said that the two of the largest U.S. mortgage agency premises of the United States and Fannie's aid will help restore investor confidence in the market, the premises of the United States and Fannie Mae's shares were up 11% And 12%. U.S. House of Representatives will be on the 23rd of the housing package of legislative vote, the legislation includes both the federal government on the security programme. At present, the market's relief programme was optimistic about final passage.
In addition, last week, U.S. crude inventories report showed that consumer downturn led to rising fuel inventories, the New York Mercantile Exchange crude oil futures prices slipped further, the first time in six weeks at under 125 U.S. dollars per barrel. Affected by this, retail, aviation and automobile stocks rose.
To the New York stock market closed, the Dow Jones industrial average closed the day before rose 29.88 points to close at 11632.38 points, or 0.26 percent. The Standard & Poor's 500 index rose 5.19 points to close at 1282.19 points, or 0.41 percent. The Nasdaq composite index rose 21.92 points to close at 2325.88 points, or 0.95 percent.
European major stock markets have also gained the same day. London's "Financial Times" 100 stock average rose 1.60 percent, to close at 5449.9 points. Frankfurt's DAX index rose 1.45 percent, to close at 6536.09 points. France's CAC40 index rose 1.88 percent, to close at 4408.74 points.
Quotes or management arrangements for the Olympic Games will be hundreds of billions of cash into the stock market
Good news is coming, 22 Wall Street continued up, oil prices continued to decline, the same day the financial performance of the plate so that investors feel welcome. Fourth-largest U.S. bank Wachovia rose 27 percent. New York Mercantile Exchange, August crude futures contract fell more than three U.S. dollars, United Airlines, UAL, the parent company's shares soared by 69 percent. In fact, the performance of U.S. stocks, the market has already indicates that the two major hot spots, will be its debut.
And time will prove, in the current extremely low market confidence and stability in the eve of the Olympic Games, will be released or any good rumors are not groundless. July 21, the China Securities Regulatory Commission re-launched non-standard size reduction initiatives in real terms, from immediate effect, "non-size" will be the reduction in the China Securities Clearing Company Limited site for regular disclosure. Yesterday, the four major securities reported on the matter-of the editorial, the "Shanghai Securities News" called for "full circulation bid farewell to the old thinking to meet the market system building new starting point", "China Securities News" that "non-size" is not a scourge, "the Securities Times "That should" go out the size reduction of three non-Misunderstanding ";" Securities Daily "suggested that" a rational treatment of non-size reduction. " "Four" so tidy pace with the promulgation of the SFC's important information, in fact, also verified last Friday of a rumor, the Commission convened a four Securities News ( "China Securities News", "Shanghai Securities News," " Securities Times "and" Securities Journal ") for an emergency meeting, the meeting focus on" maintaining stability "and" health of the stock market system building "started. The future every Friday, several major newspapers and professional securities central-level media officials will open a Pengtou Hui.
In fact, researchers rarely see a "four" with the tacit understanding that, unless there is a major event affecting the stock market, few commentators see so diligent, unless the market is facing an important turning point. And their concerted action, can only prove that the management of the market during the Olympic Games or co-ordinate arrangements.
Another heavy rumors that the stabilization fund will soon enter the market. Chief researcher noted that the rumor is mainly directed against last Friday's one hour late Elevated strong, the market's guess who is late, "So cargo." In yesterday, researchers have not ruled out a similar nature of the funds, in order to meet the Olympic period, the stock market and the stability of the market. Of course, if not the "mystery funds" to save the market, the A-share market shares of all partial funds (including closed-end stock-type, open stock-based, open mixed) Total holding capital reserves reached 476 billion yuan, is enough to Promote A-share market out of the magnificent. This conclusion is based on our historical statistics, in accordance with the July 18, 2007 rose to 3,930 points on October 16 6092, this round of increase to 55 per cent of the bodies in the market, the voucher-account net inflow of 153.2 billion of funds , The market rose one point each on average only need 2.7 billion of incremental funding agencies.
There is also a "stealth" favorable, unilateralism is the stamp duty levied. There are, however, an interview with the media, the Information Office of the State Administration of Taxation of staff after that unilateralism on the stamp duty will be levied, they now have not received the notice. From a historical experience, a researcher at the market for so many years, even before experienced such a good thing, in April to reduce stamp duty once, in July and charged into unilateralism, which seems to be a good thing unlikely to happen again,
Well, the future management of the planning and arrangements, what »researcher believes that the capital market to promote is the most practical, in the face of the current 476 billion in cash in their hands the fund companies, the SFC and prosecute the requirements of fund companies prohibit executives , Fund managers and other core staff released the impact of market fluctuations of speech, otherwise Yanchengbudai. Just imagine, how a fund company's senior officers, in order to promote the sale of the fund and expand the fund's star effect, no foreign market for published remarks (As for the cause market volatility, we have different matter) »chief researcher, This is not only to management, "Jin Yan," is to allow holding more than 4,000 billion fund stabilize the market.
Or, more straightforward speaking, apart from the media authority is now actively to save the market, management is now stable stock market the most effective way is to fund the hands of hundreds of billions of cash to "rush into" the stock market, this is the most direct and most Effective way, and is currently under way, they have the strength to create an intermediate rally.
And time will prove, in the current extremely low market confidence and stability in the eve of the Olympic Games, will be released or any good rumors are not groundless. July 21, the China Securities Regulatory Commission re-launched non-standard size reduction initiatives in real terms, from immediate effect, "non-size" will be the reduction in the China Securities Clearing Company Limited site for regular disclosure. Yesterday, the four major securities reported on the matter-of the editorial, the "Shanghai Securities News" called for "full circulation bid farewell to the old thinking to meet the market system building new starting point", "China Securities News" that "non-size" is not a scourge, "the Securities Times "That should" go out the size reduction of three non-Misunderstanding ";" Securities Daily "suggested that" a rational treatment of non-size reduction. " "Four" so tidy pace with the promulgation of the SFC's important information, in fact, also verified last Friday of a rumor, the Commission convened a four Securities News ( "China Securities News", "Shanghai Securities News," " Securities Times "and" Securities Journal ") for an emergency meeting, the meeting focus on" maintaining stability "and" health of the stock market system building "started. The future every Friday, several major newspapers and professional securities central-level media officials will open a Pengtou Hui.
In fact, researchers rarely see a "four" with the tacit understanding that, unless there is a major event affecting the stock market, few commentators see so diligent, unless the market is facing an important turning point. And their concerted action, can only prove that the management of the market during the Olympic Games or co-ordinate arrangements.
Another heavy rumors that the stabilization fund will soon enter the market. Chief researcher noted that the rumor is mainly directed against last Friday's one hour late Elevated strong, the market's guess who is late, "So cargo." In yesterday, researchers have not ruled out a similar nature of the funds, in order to meet the Olympic period, the stock market and the stability of the market. Of course, if not the "mystery funds" to save the market, the A-share market shares of all partial funds (including closed-end stock-type, open stock-based, open mixed) Total holding capital reserves reached 476 billion yuan, is enough to Promote A-share market out of the magnificent. This conclusion is based on our historical statistics, in accordance with the July 18, 2007 rose to 3,930 points on October 16 6092, this round of increase to 55 per cent of the bodies in the market, the voucher-account net inflow of 153.2 billion of funds , The market rose one point each on average only need 2.7 billion of incremental funding agencies.
There is also a "stealth" favorable, unilateralism is the stamp duty levied. There are, however, an interview with the media, the Information Office of the State Administration of Taxation of staff after that unilateralism on the stamp duty will be levied, they now have not received the notice. From a historical experience, a researcher at the market for so many years, even before experienced such a good thing, in April to reduce stamp duty once, in July and charged into unilateralism, which seems to be a good thing unlikely to happen again,
Well, the future management of the planning and arrangements, what »researcher believes that the capital market to promote is the most practical, in the face of the current 476 billion in cash in their hands the fund companies, the SFC and prosecute the requirements of fund companies prohibit executives , Fund managers and other core staff released the impact of market fluctuations of speech, otherwise Yanchengbudai. Just imagine, how a fund company's senior officers, in order to promote the sale of the fund and expand the fund's star effect, no foreign market for published remarks (As for the cause market volatility, we have different matter) »chief researcher, This is not only to management, "Jin Yan," is to allow holding more than 4,000 billion fund stabilize the market.
Or, more straightforward speaking, apart from the media authority is now actively to save the market, management is now stable stock market the most effective way is to fund the hands of hundreds of billions of cash to "rush into" the stock market, this is the most direct and most Effective way, and is currently under way, they have the strength to create an intermediate rally.
International oil prices fell below 125 U.S. dollars per barrel
-- New York, July 23 (Xinhua Yang Lei) As the U.S. Energy Department report showed that U.S. gasoline and oil products business inventories increased fuel demand weak domestic market, New York, oil prices fell sharply on the 23rd to continue, for the first time in nearly seven weeks At 125 U.S. dollars per barrel below.
On the New York Mercantile Exchange, the September delivery of light sweet crude was inconsistent with the day to 124.30 U.S. dollars a barrel, set on June 5 at its lowest intraday trading prices, ended down 3.98 U.S. dollars, reportedly 124.44 U.S. dollars. London's International Petroleum Exchange, September Brent crude-oil futures prices have dropped 4.26 U.S. dollars to close at 125.29 U.S. dollars a barrel.
According to the U.S. Energy Department report released on the 23rd, ending on the 18th the week, U.S. gasoline inventories increased by 2.85 million barrels, far exceeding the previous market expectations of about 500,000 barrels of the increase in the same time, which include heating oil, diesel, in terms of In the oil business inventories also increased by 2.42 million barrels. The Energy Department report also showed that the U.S. domestic market for fuel on the average demand for 19.9 million barrels, in January 2007 is the lowest level since. Analysts believe that these data show that the U.S. economic slowdown, high oil prices curbed market demand.
Hurricane "Dolly" in the U.S. on the 23rd Texas, and gradually weakened, the Gulf of Mexico to avoid the main oil production platforms and refineries, investors in the region to lift the crude oil production may be affected worry.
In addition, the same day the dollar against the euro exchange rate also promote stronger oil prices continue to decline.
23, New South Wales by August delivery price per gallon gasoline futures fell 11.26 cents to settle at 3.0344 U.S. dollars. August delivery of heating oil futures prices fell 12.8 cents per gallon to settle at 3.5501 U.S. dollars. August delivery of natural gas per 1,000 cubic feet futures prices fell 27.9 cents to 9.788 U.S. dollars.
On the New York Mercantile Exchange, the September delivery of light sweet crude was inconsistent with the day to 124.30 U.S. dollars a barrel, set on June 5 at its lowest intraday trading prices, ended down 3.98 U.S. dollars, reportedly 124.44 U.S. dollars. London's International Petroleum Exchange, September Brent crude-oil futures prices have dropped 4.26 U.S. dollars to close at 125.29 U.S. dollars a barrel.
According to the U.S. Energy Department report released on the 23rd, ending on the 18th the week, U.S. gasoline inventories increased by 2.85 million barrels, far exceeding the previous market expectations of about 500,000 barrels of the increase in the same time, which include heating oil, diesel, in terms of In the oil business inventories also increased by 2.42 million barrels. The Energy Department report also showed that the U.S. domestic market for fuel on the average demand for 19.9 million barrels, in January 2007 is the lowest level since. Analysts believe that these data show that the U.S. economic slowdown, high oil prices curbed market demand.
Hurricane "Dolly" in the U.S. on the 23rd Texas, and gradually weakened, the Gulf of Mexico to avoid the main oil production platforms and refineries, investors in the region to lift the crude oil production may be affected worry.
In addition, the same day the dollar against the euro exchange rate also promote stronger oil prices continue to decline.
23, New South Wales by August delivery price per gallon gasoline futures fell 11.26 cents to settle at 3.0344 U.S. dollars. August delivery of heating oil futures prices fell 12.8 cents per gallon to settle at 3.5501 U.S. dollars. August delivery of natural gas per 1,000 cubic feet futures prices fell 27.9 cents to 9.788 U.S. dollars.
That the central bank will set the Olympic Jinian Chao: online photo works for the PS
From July 20 onwards, in a message circulated online. The message said that the central bank will issue new sets of Olympic Jinian Chao, together with Ji Nianchao of this picture. Yesterday afternoon, the People's Bank of China official辟谣Information Services Department, said no matter.
July 20, called an "internal news! Austrian central bank sets of bank notes will be issued," the message published in the cat flutter hodgepodge of forums, and the gentlemen, the two-day Home in the prominent position. In that, in order to meet the needs of the public collections, the central bank issued new sets of Austrian bank notes, the original face value of 10 yuan is not additional. The message also set Jinian Chao with the six photos in denominations of one yuan, five yuan, 10 yuan, 20 yuan, 50 yuan, 100 yuan. Copies of the positive Jinian Chao with the design before the 10 yuan Jinian Chao, the only main King logo into the water cube, and other venues. This six different color picture, very realistic. Posting asserts that picture is internal to the people.
One of the posts that attracted a lot of attention. Photo by the authenticity of the netizens questioned, someone speculate this is the PS works. However, asked by many netizens positive this Ji Nianchao the details. Tianya, banner, bubbles, and other community forums are also reproduced in the message.
July 21 afternoon, the cat will flutter this heat with quote from Home deleted. The site marketing manager said Xue Wenjie, the Olympic Jinian Chao is now concerned about the hot people, and the news has not been confirmed by the central bank. Out of prudence, on the first site to delete the message, waiting for the central bank's official news. However, other sites are still reproduced in the post.
Yesterday afternoon, the central bank to the Information Services Department, Liu staff on official clarified that the central bank has not issued complete sets of Olympic Jinian Chao's plan, not to publish this picture of the Olympic Jinian Chao. Now the Internet spread the so-called complete sets of netizens PS Olympic Jinian Chao's works, please do not deceived the public. (Tianya Feng Shen more good news intern)
Source: Jinghua Shibao
China's NPC Financial and Economic Committee called for liberalization of refined oil prices
◆ by every reporter from Beijing Wu Xiaojing
Yesterday, the NPC Financial and Economic Committee Room economic wrote an article, the second half of China's economic trend. The report pointed out that the second half of the inflationary pressure is still larger, but rely on price controls to solve the problem of inflation it is very difficult work. The report recommends, by accelerating price reform, curb irrational demand, to achieve the objective of controlling inflation.
Anti-inflation price controls difficult to work
Yesterday, the NPC Financial and Economic Committee released economic room entitled "2008 the first five months of economic analysis," the article analyzing the second half of China's economic trend, pointing out that in the global higher prices at the same time, China's medium and long-term upward pressure on CPI to increase By. The report pointed out that in China's economy into the downlink channel, or significantly higher prices, the national economy from "high growth and low inflation" is in a "high growth, high inflation," and even "low growth and high inflation" development.
NPC Financial and Economic Committee report said that it will continue to push the price reform, rationalize the price system. "This short-term could further push up inflation, curb irrational demand and stimulate the supply of the role is quite obvious that in fact help to control inflation."
"Rely on price controls to solve the problem of inflation it is very difficult work." Report pointed out that from an international viewpoint, the United States around 1973 have tried to rely on price and wage controls to contain inflation, but just the opposite; Venezuela as a major oil-producing country, although the refined oil prices Control at a very low level, but the country's inflation rate has exceeded 20%.
BOC International Holdings Limited directors, chief economist Cao Yuan Zheng explained that, in the face of energy raw materials of such a global rise, to deal with this output of inflation, completely on the resistance and rely on subsidies can not solve the problem.
State Council Development Research Center of Financial Research Institute researcher Qing Wu also believes that price control can not fundamentally solve the problem of inflation, will only intensify in the queue and distort the allocation of resources. He said that although the price control through administrative means to stabilize prices in nominal terms, but in the queue or disguised price increases will certainly prevalent. Price controls will inevitably distort the allocation of resources, which in turn will affect the effectiveness of the Government to control inflation. For example, the prices of restricted industries, the aspirations of a certain decline in supply, "as Sinopec, the two companies in the oil supply to protect the community, additional pay very high short term, long-term perspective, the state can not afford subsidies, the final results of , Or to price hikes. "
In addition, price controls for oil products subsidies, actually encourage the consumption, an increase of future inflation expectations.
正当其时price reform
"Price reform is necessary, the early start!" Yesterday, the State Council Development Research Center of Financial Research Institute researcher Qing Wu said that the government in adjusting prices worries too much, worried about too much impact. He believes that the current domestic oil prices after the increase is still low, even lower than the level of some oil-exporting countries, domestic demand for oil remains high, and increased international oil prices further up the pressure.
Qing Wu said that the current domestic oil products market and international market linkages, on a domestic price increase, he saw immediately the international prices of crude oil futures lower, indicating prices have adjusted to curb demand for the role. International is expected to cut down the results.
According to the company in the calculation, if the price of domestic refined oil increased by 50%, refining margins can be reached international standards, domestic supply will increase and will also inhibit some unreasonable demand, slow rising oil prices pressure. Moreover, if the 2008 mid-term domestic oil prices increased 50 percent, while China's 2009 inflation rate will fall to 7.3 percent if not increase, the 2009 inflation rate will reach 8.7 percent.
"Now is the time for reform." Director of the Central Party School of Economics Wang Tokyo that blindly through government regulation and control prices is not permanent solution, he believed that oil prices should be, Suihangjiushi, firm and market convergence, "Although the short term will Lagao production costs, but it will lead to inflation« I That long-term perspective, help control inflation. "
Qing Wu also believes that the current oil subsidies by the Government, post, neither economic nor sustainable, the micro-economic Acer is not a good thing. He stressed that the price reform to start sooner or later, as Chenzao, "delaying the time is too long, the price is very high."
Link: report proposed to increase the tax threshold
Yesterday, the NPC Financial and Economic Committee report noted that further increases in personal income tax threshold, reducing the savings deposit interest tax rate, increase people's real incomes. On the 22nd of this month, the State Administration of Taxation issued the first half of tax data, including personal income tax completed 213.5 billion yuan, an increase of 27.3 percent. March this year, the tax threshold raised to 1,600 yuan a month from 2,000 yuan, but the first half of income Bujianfanzeng, "increased tax threshold," the voice of recurrence.
"I advocate that the threshold would be raised to 3,000 yuan / month." Director of the Central Party School of Economics Wang Tokyo that during the two sessions this year will be raised by the representative of a tax threshold referred to 5000, but he mentioned that 3,000 yuan more Reality.
Director of the Central Party School of Economics, Tokyo Wang pointed out that the implementation of tax reduction at this time is undoubtedly the best way to promote domestic demand. He said that China's current economic growth to maintain long-term stability, the key precondition for a sustained expansion of domestic demand, the current investment has been overheating, the focus can only be extended to stimulate consumption, while revenue from the consumption, therefore, increase revenue in the final analysis, especially in Income of low-income. "The most simple solution is Wangkaiyimian and improve tax threshold."
NPC Financial and Economic Committee report also suggested that to ease the rising cost of corporate pressure, can reduce the toll road access standards such as taxes and fees, through technological innovation of enterprises to reduce costs and increase the tax relief deduction.
Yesterday, the 11th NPC, Zhejiang Furun (600,070 Quotes, Love Unit, the Information) Group Chairman of the Board Zhao Lin held that the tax cut would greatly reduce the burden on enterprises, thereby tightening in monetary policy, under the framework of the prevention of inflation To prevent the economy as a result of tight liquidity and lead to recession; corporate tax cut will stimulate the area of Industrial returning funds to the "natural" to eliminate the asset price bubble, but also will not lead to a hard landing.
Wang Tokyo also proposed that the Government is necessary to the business tax cuts. He said that now a general increase wage costs, the appreciation of the renminbi, the decline in the competitiveness of enterprises, the tax cut as soon as possible, to prevent wage diverted profits. "VAT should speed up restructuring efforts." Wang said in Tokyo, the NPC Financial and Economic Committee report "through technological innovation of enterprises to reduce costs and increase the tax relief deduction." In his view, not only to give preferential tax policies high-tech enterprises, To face to all enterprises, especially labor-intensive enterprises, which related to employment issues, can prevent the economic downturn.
Yesterday, the NPC Financial and Economic Committee Room economic wrote an article, the second half of China's economic trend. The report pointed out that the second half of the inflationary pressure is still larger, but rely on price controls to solve the problem of inflation it is very difficult work. The report recommends, by accelerating price reform, curb irrational demand, to achieve the objective of controlling inflation.
Anti-inflation price controls difficult to work
Yesterday, the NPC Financial and Economic Committee released economic room entitled "2008 the first five months of economic analysis," the article analyzing the second half of China's economic trend, pointing out that in the global higher prices at the same time, China's medium and long-term upward pressure on CPI to increase By. The report pointed out that in China's economy into the downlink channel, or significantly higher prices, the national economy from "high growth and low inflation" is in a "high growth, high inflation," and even "low growth and high inflation" development.
NPC Financial and Economic Committee report said that it will continue to push the price reform, rationalize the price system. "This short-term could further push up inflation, curb irrational demand and stimulate the supply of the role is quite obvious that in fact help to control inflation."
"Rely on price controls to solve the problem of inflation it is very difficult work." Report pointed out that from an international viewpoint, the United States around 1973 have tried to rely on price and wage controls to contain inflation, but just the opposite; Venezuela as a major oil-producing country, although the refined oil prices Control at a very low level, but the country's inflation rate has exceeded 20%.
BOC International Holdings Limited directors, chief economist Cao Yuan Zheng explained that, in the face of energy raw materials of such a global rise, to deal with this output of inflation, completely on the resistance and rely on subsidies can not solve the problem.
State Council Development Research Center of Financial Research Institute researcher Qing Wu also believes that price control can not fundamentally solve the problem of inflation, will only intensify in the queue and distort the allocation of resources. He said that although the price control through administrative means to stabilize prices in nominal terms, but in the queue or disguised price increases will certainly prevalent. Price controls will inevitably distort the allocation of resources, which in turn will affect the effectiveness of the Government to control inflation. For example, the prices of restricted industries, the aspirations of a certain decline in supply, "as Sinopec, the two companies in the oil supply to protect the community, additional pay very high short term, long-term perspective, the state can not afford subsidies, the final results of , Or to price hikes. "
In addition, price controls for oil products subsidies, actually encourage the consumption, an increase of future inflation expectations.
正当其时price reform
"Price reform is necessary, the early start!" Yesterday, the State Council Development Research Center of Financial Research Institute researcher Qing Wu said that the government in adjusting prices worries too much, worried about too much impact. He believes that the current domestic oil prices after the increase is still low, even lower than the level of some oil-exporting countries, domestic demand for oil remains high, and increased international oil prices further up the pressure.
Qing Wu said that the current domestic oil products market and international market linkages, on a domestic price increase, he saw immediately the international prices of crude oil futures lower, indicating prices have adjusted to curb demand for the role. International is expected to cut down the results.
According to the company in the calculation, if the price of domestic refined oil increased by 50%, refining margins can be reached international standards, domestic supply will increase and will also inhibit some unreasonable demand, slow rising oil prices pressure. Moreover, if the 2008 mid-term domestic oil prices increased 50 percent, while China's 2009 inflation rate will fall to 7.3 percent if not increase, the 2009 inflation rate will reach 8.7 percent.
"Now is the time for reform." Director of the Central Party School of Economics Wang Tokyo that blindly through government regulation and control prices is not permanent solution, he believed that oil prices should be, Suihangjiushi, firm and market convergence, "Although the short term will Lagao production costs, but it will lead to inflation« I That long-term perspective, help control inflation. "
Qing Wu also believes that the current oil subsidies by the Government, post, neither economic nor sustainable, the micro-economic Acer is not a good thing. He stressed that the price reform to start sooner or later, as Chenzao, "delaying the time is too long, the price is very high."
Link: report proposed to increase the tax threshold
Yesterday, the NPC Financial and Economic Committee report noted that further increases in personal income tax threshold, reducing the savings deposit interest tax rate, increase people's real incomes. On the 22nd of this month, the State Administration of Taxation issued the first half of tax data, including personal income tax completed 213.5 billion yuan, an increase of 27.3 percent. March this year, the tax threshold raised to 1,600 yuan a month from 2,000 yuan, but the first half of income Bujianfanzeng, "increased tax threshold," the voice of recurrence.
"I advocate that the threshold would be raised to 3,000 yuan / month." Director of the Central Party School of Economics Wang Tokyo that during the two sessions this year will be raised by the representative of a tax threshold referred to 5000, but he mentioned that 3,000 yuan more Reality.
Director of the Central Party School of Economics, Tokyo Wang pointed out that the implementation of tax reduction at this time is undoubtedly the best way to promote domestic demand. He said that China's current economic growth to maintain long-term stability, the key precondition for a sustained expansion of domestic demand, the current investment has been overheating, the focus can only be extended to stimulate consumption, while revenue from the consumption, therefore, increase revenue in the final analysis, especially in Income of low-income. "The most simple solution is Wangkaiyimian and improve tax threshold."
NPC Financial and Economic Committee report also suggested that to ease the rising cost of corporate pressure, can reduce the toll road access standards such as taxes and fees, through technological innovation of enterprises to reduce costs and increase the tax relief deduction.
Yesterday, the 11th NPC, Zhejiang Furun (600,070 Quotes, Love Unit, the Information) Group Chairman of the Board Zhao Lin held that the tax cut would greatly reduce the burden on enterprises, thereby tightening in monetary policy, under the framework of the prevention of inflation To prevent the economy as a result of tight liquidity and lead to recession; corporate tax cut will stimulate the area of Industrial returning funds to the "natural" to eliminate the asset price bubble, but also will not lead to a hard landing.
Wang Tokyo also proposed that the Government is necessary to the business tax cuts. He said that now a general increase wage costs, the appreciation of the renminbi, the decline in the competitiveness of enterprises, the tax cut as soon as possible, to prevent wage diverted profits. "VAT should speed up restructuring efforts." Wang said in Tokyo, the NPC Financial and Economic Committee report "through technological innovation of enterprises to reduce costs and increase the tax relief deduction." In his view, not only to give preferential tax policies high-tech enterprises, To face to all enterprises, especially labor-intensive enterprises, which related to employment issues, can prevent the economic downturn.
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