Euro zone finance ministers urged Cyprus in a tax on bank deposit of pass small savers. Cyprus parliamentary vote on tax on Tuesday, will determine whether the country can get financial aid, or face the danger of default.
Cyprus announced over the weekend, as for the eu 10 billion euros ($13 billion) bailout plan,replica oakley sunglasses, as part of the country's tax will account to the bank,replica oakleys. After practice is that the interests of depositors is inviolable.
The euro and European stock markets fell, on concerns that tiny Cyprus may be renewed financial crisis in the euro area. At the same time, public anger of Cyprus in the heavily guarded before parliament held a demonstration in the country.
On Tuesday, officials said before the vote euro zone finance ministers held a conference call late and said deposit less than 100000 euros of small depositors should be protected. If the vote is expected to present stalemate situation, cannot pass, would affect the euro zone as a whole.
According to the agreement reached in Brussels on Saturday, the amount under 100000 euro bank account to pay the tax of 6,cheap oakleys.7%, more than the amount need to pay 9.9%.
Finance ministers said they tend to be more savings account rates rise to 15.6%, the amount of fewer small savings account escaped.
A Greek finance ministry sources said that Cyprus is unclear whether they would accept the proposal, if accepted, Cyprus is still able to receive 5.8 billion euros via a tax on bank deposit as planned.
",fake oakley sunglasses;All the eurogroup finance ministers today, say they want to don't tax account deposit less than 100000 euros, but you cannot force a country don't do that," the Greek sources told Reuters.
2013年3月19日星期二
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Since China's reform and opening up the youngest prime minister li keqiang, formal, its emphasis on the reform, vows against corruption has become a new government, the most beautiful label, and maintain sustained economic growth to prevent inflation, control the potential risks, make fluctuation is the cornerstone of the Chinese economy is not big.
End on Sunday the 12th National People's Congress news conference after the meeting,fake oakley sunglasses, li pointed out that reform should be a strong man DuanWan's determination to keep clean the incompatible with social justice rules; Human is the core of the urbanization and new urbanization, and clearly put forward the administration to complete three tasks and took three chapters to the government.
"Such a large China there are many things to solve, if major problems, I want to the first or the last development of the economy." Can expect in the future, he said, China's economic environment is still grim and complex, want to in time of peace prepare for war, also want to stability, maintain sustained economic growth, to prevent inflation, control the potential risks, make big fluctuations in China's economy will not occur.
Besides how to insure the stable growth of China's economy,cheap oakleys, how to further improve people's livelihood, strengthen environmental protection,discount oakley sunglasses, improve food hygiene safety, as well as the elimination of social injustice, and the government integrity questions, etc., are facing the new government the most realistic problem.
Li keqiang pointed out that to improve the livelihood of the people, strive to improve the urban and rural residents, especially low-income income, growing middle-income groups. Should guarantee the basic livelihood of the people, weaving a universal guarantee the basic livelihood of the people's safety net, including compulsory education, health care, pension, housing, etc., to gradually put the short board.
At the same time, to promote social justice. To build a innovative government, rely on reform and opening up the economy society full of vitality; Construction of clean and honest government, enhance the government credibility, executive force and efficiency; As well as the construction of government under the rule of law, the law in the holy place, no matter do anything, and nobody can't beyond the legal authority.
"To make people a better life, the government will austerity." Li also pointed to the administration took three chapters, with the simplicity of the government to the public. He asked that the administration, governmental government building projects shall be built; Fiscal support personnel only reduction does not increase; Public reception, abroad, public vehicles only does not increase. The three central government should take the lead, do level 1 to level 1.
He mentioned, January and February this year, the central fiscal revenue growth was only 1.6%, can speculate that the future financial to keep high-speed growth of income situation is unlikely, but consumer spending is rigid, can't, can only increase,cheap oakley sunglasses, the need to cut government spending.
And just ended on Sunday the 12th National People's Congress conference by the Treasury report, no reaches as high as 509-17%. Also highlights people's congress to represent the deficit this year an increase of 400 billion yuan, 1.2 trillion yuan.
discount oakley sunglasses about 60% of the voters to support it.
Shinzo Abe, Japan's prime minister, announced on Friday that the country wants to join, led by America's Pacific free trade agreement negotiations, this is the job after the first is political risk decision, but that decision seemed to have return, his approval rating rise further.
On Monday, the polls show Mr Abe's approval rating by last month began to rise, and reached its highest level since taking office in December. And most people support released Friday, Japan wants to join the trans-pacific partnership agreement (TPP) negotiations.
Abe this new officer took a third policy decisions of the "three fire", the former two policies of fiscal capital respectively and extremely loose monetary policy.
Although "Abe" economic policy in the Japanese stock market and voters won a praise, but executives and economists believe, can be a long-term success, depends on whether Mr Abe to solve, and how to solve tough reform issues, such as deregulation.
Japan is such a difficult problem to join the TPP talks, is testing whether Abe has the ability to successfully through the political minefields, achieve the purpose of the first test.
Supporters said the trade deal will help Japan will benefit from dynamic regional economic growth, and can be used as a catalyst to promote the reform of deregulation. But it was always the LDP power base of agricultural lobby strongly opposed.
Before Mr Abe, has two democratic incumbent prime minister ever drive to join the TPP, but are blocked because of divisions within the party.
Mr Abe's salesmanship * * * *
"Public support for the TPP degree is high,discount oakley sunglasses. This suggests that Mr Abe explanation about Japan needs in joining the TPP negotiations are likely to bring a sense of security to the public," Japan's waseda university political science professor at Takehiko Yamamoto said.
The LDP's campaign, points out that if will invariably be abolished tariffs,replica oakley sunglasses, will be against to join the TPP talks, and shinzo Abe has said that he has made Washington's promise, do not need to make such a commitment.
Asahi shimbun survey showed that 71% of voters support the practice of handling the TPP negotiations, Abe and yomiuri news and the news like according to the survey, about 60% of the voters to support it.
In all media survey, Mr Abe's support for the entire quantity to record high since he came to power in December; Abe is junichiro koizumi in 2006, a rare full five-year term since the seventh of the prime minister.
Asahi shimbun survey, Mr Abe's approval rating at 65%,cheap oakley sunglasses, the yomiuri and the results of the survey of the daily news is 72% and 70% respectively, compared with February survey rise between 1-7%.
Japanese leaders is very difficult to get high ratings for a long time,cheap oakleys, usually will rise to high at the beginning of took office, but after the slide. Abe in the period from 2006 to 2007 for the first time as prime minister faced this problem.
fake oakleys2011 is fully operational in the first year of cic entered a substantive
China's elite circle to Lou jiwei's new finance minister, summed up the three "pie",fake oakleys; : in academics, senior officials work parties, within the system, the market parties. But experienced by cic was universal criticism after the pressure losses, and believe what pie than the next five years to "good away money, manage money, spend money" let him steady,replica oakley sunglasses.
The 12th National People's Congress, at a meeting on Saturday confirmed the ministries or commissions, the people's bank of China governor, etc., the new finance minister for the 63 - year - old Mr Lou, won the favor, 2905 votes, no 37 votes, abstained 10 votes.
Lou jiwei, analysts say never conceal his desire to return to the mainstream finance management power, during the work in cic, also often in the scholar's identity will be all kinds of his thinking on macro issues such as finance and finance. Now finally get it and have the opportunity to blend system requirements and individual ability.
Lou jiwei and or senior cadres is complete official experience, not only have a place to work experience, for fiscal and financial sense. Cic in evaluating his personal characteristics, said "the aura is extremely strong, very powerful, dare to speak the truth, to the point."
Eighteen big during the last year, Mr,replica oakley sunglasses. Lou had an interview with Reuters and at the time when talk about reform, turn to translation the word factor market, with the capital market, Mr Lou immediately pointed out that the word wrong, "factor market" should not be capital market." Its rigorous attitude.
"For China's economic reform is a good thing, but to finance some of the bureaucracy is not necessarily a good thing." , a person familiar with the Treasury Department official said, "last time (he) is parachuted into the Treasury, to fully operate there will be resistance; but this time should be bold."
Lou jiwei, who was born in 1950 at the end of the year, had five years of the south China sea fleet troops. Graduated from tsinghua university computer science department, the number is the first Chinese economics graduate students. Since then, for many years engaged in the reform of the system work, and in 1995-1998 vice governor of guizhou province, then airborne appointed deputy secretary of the Treasury.
When cic was established in 2007, by China's ministry of finance to inject $200 billion, or about 1.5 trillion yuan. Lou from deputy finance minister of the post as chairman of cic, began his in charge of the world's largest sovereign wealth fund investment career.
The young this year, cic made several important investment: for about $3 billion m investment in a powerful figure by the United States to launch the Blackstone private equity funds; With the $5.6 billion investment in Morgan Stanley (MS. N: quote) convertible bond... But as the spread of the global financial crisis, the investment has produced huge losses. Is in stark contrast, foreign investment in Chinese Banks to gain considerable returns,fake oakley sunglasses, and listed out for a moment, the criticism of media.
Five years later, when he left the cic, hand over a return for good answers. During the eighteenth big, he told Reuters in an interview: in 2012, cic will make overseas investment.
2011 is fully operational in the first year of cic entered a substantive, but loss for the first time in three years, overseas investment portfolio yield of 4.3%, even lower than the annual yield of 2008-2.1%.
replica oakley sunglasses could carry bond buying program.
The new chief executive this week the bank of Japan have against deflation, the bank of England may be to promote economic growth of new responsibilities, and the federal reserve (fed) could carry bond buying program.
The three events can reflect the risk situation of the global economy,replica oakley sunglasses. At present the global economy is recovering, but the distance is still a far cry from what is strong.
The United States and most European regional unemployment rate remains high, the economic growth rate in many countries is far lower than the pre-crisis levels. As a result, inflation is very gentle.
In addition, many indebted countries are unable to respond to rising borrowing costs. International economists Joachim Fels of Morgan Stanley's chief said that central Banks will take the necessary measures to suppress the bond yields.
"Despite the economy showed signs of increase, but we think that won't end central Banks are easing," said Fels, "now don't worry about the central bank out of negative real interest rates and quantitative easing policy in advance, at least don't worry about this year.",replica oakley sunglasses;
Supportive monetary policy Fels is expected in 2013 at the start of the main causes of the global economy will walk out of the dark.
"This season and next quarter GDP growth below trend. But in the second half of this year,replica oakleys, we believe will usher in a bright," he said.
The bank of Japan has once again become the focus of * * * *
If Mr Kuroda deliver on the promises of curb Japanese deflation situation for a long time, so the bank of Japan will once again be global reflationary (reflation, an important driving force. Mr Kuroda will officially took office central bankers on Wednesday.
Said Fels, if because of the bank of Japan's aggressive easing policy leads to the yen weakness, cause other countries currency appreciation, then the other central Banks will find it necessary to maintain loose policy.
Macquarie, a strategist at Daniel McCormack said, even the European central bank may also faces some pressure to do more.
The bank of England also will have a similar leadership shuffle.
Chancellor of the exchequer, Mr Will submit the annual budget plan on Wednesday, when the material will be a comprehensive review is the task of the bank focuses on fighting inflation, or may directly make changes to this.
Due to determined to implement austerity measures, Mr Almost have no modify tax or spending plans, so may seek to expand the size of the bank of England to further ease monetary policy, to help the economy against threat of recession.
This will bring the new President of the bank of England carney will pave the way to office in July. But she doubt Mr Carney and can agree on action.
, "he said when he took office, you will find will be dazzling in the monetary policy actions. Effectiveness and efficiency of carney will depend on whether he can turn the UK economy within five years in office. So he will try my best."
McCormack said the United States,discount oakley sunglasses, China and perhaps Germany's economy builds momentum and central Banks to take stimulus, year stock market will become a bright spot.
replica oakleys the people's bank of China governor
China's elite circle to Lou jiwei's new finance minister, summed up the three "pie" : in academics, senior officials work parties, within the system, the market parties. But experienced by cic was universal criticism after the pressure losses, and believe what pie than the next five years to "good away money, manage money, spend money" let him steady.
The 12th National People's Congress, at a meeting on Saturday confirmed the ministries or commissions, the people's bank of China governor,replica oakleys, etc., the new finance minister for the 63 - year - old Mr Lou, won the favor, 2905 votes, no 37 votes, abstained 10 votes.
Lou jiwei, analysts say never conceal his desire to return to the mainstream finance management power, during the work in cic, also often in the scholar's identity will be all kinds of his thinking on macro issues such as finance and finance. Now finally get it and have the opportunity to blend system requirements and individual ability,replica oakley sunglasses.
Lou jiwei and or senior cadres is complete official experience, not only have a place to work experience, for fiscal and financial sense. Cic in evaluating his personal characteristics, said "the aura is extremely strong,cheap oakleys, very powerful, dare to speak the truth, to the point."
Eighteen big during the last year, Mr. Lou had an interview with Reuters and at the time when talk about reform, turn to translation the word factor market, with the capital market, Mr Lou immediately pointed out that the word wrong, "factor market" should not be capital market." Its rigorous attitude.
"For China's economic reform is a good thing, but to finance some of the bureaucracy is not necessarily a good thing." , a person familiar with the Treasury Department official said, "last time (he) is parachuted into the Treasury, to fully operate there will be resistance; but this time should be bold."
Lou jiwei, who was born in 1950 at the end of the year, had five years of the south China sea fleet troops. Graduated from tsinghua university computer science department, the number is the first Chinese economics graduate students. Since then, for many years engaged in the reform of the system work, and in 1995-1998 vice governor of guizhou province, then airborne appointed deputy secretary of the Treasury.
When cic was established in 2007, by China's ministry of finance to inject $200 billion, or about 1.5 trillion yuan. Lou from deputy finance minister of the post as chairman of cic, began his in charge of the world's largest sovereign wealth fund investment career.
The young this year, cic made several important investment: for about $3 billion m investment in a powerful figure by the United States to launch the Blackstone private equity funds; With the $5.6 billion investment in Morgan Stanley (MS,replica oakleys. N: quote) convertible bond... But as the spread of the global financial crisis, the investment has produced huge losses. Is in stark contrast, foreign investment in Chinese Banks to gain considerable returns, and listed out for a moment, the criticism of media.
Five years later, when he left the cic, hand over a return for good answers. During the eighteenth big, he told Reuters in an interview: in 2012, cic will make overseas investment.
2011 is fully operational in the first year of cic entered a substantive, but loss for the first time in three years, overseas investment portfolio yield of 4.3%, even lower than the annual yield of 2008-2.1%.
replica oakleys but executives and economists believe
Shinzo Abe, Japan's prime minister, announced on Friday that the country wants to join, led by America's Pacific free trade agreement negotiations, this is the job after the first is political risk decision, but that decision seemed to have return, his approval rating rise further.
On Monday, the polls show Mr Abe's approval rating by last month began to rise, and reached its highest level since taking office in December. And most people support released Friday,replica oakleys, Japan wants to join the trans-pacific partnership agreement (TPP) negotiations.
Abe this new officer took a third policy decisions of the "three fire", the former two policies of fiscal capital respectively and extremely loose monetary policy.
Although "Abe" economic policy in the Japanese stock market and voters won a praise, but executives and economists believe, can be a long-term success, depends on whether Mr Abe to solve, and how to solve tough reform issues, such as deregulation.
Japan is such a difficult problem to join the TPP talks, is testing whether Abe has the ability to successfully through the political minefields,fake oakley sunglasses, achieve the purpose of the first test.
Supporters said the trade deal will help Japan will benefit from dynamic regional economic growth, and can be used as a catalyst to promote the reform of deregulation. But it was always the LDP power base of agricultural lobby strongly opposed.
Before Mr Abe, has two democratic incumbent prime minister ever drive to join the TPP, but are blocked because of divisions within the party.
Mr Abe's salesmanship * * * *
"Public support for the TPP degree is high. This suggests that Mr Abe explanation about Japan needs in joining the TPP negotiations are likely to bring a sense of security to the public," Japan's waseda university political science professor at Takehiko Yamamoto said.
The LDP's campaign, points out that if will invariably be abolished tariffs, will be against to join the TPP talks, and shinzo Abe has said that he has made Washington's promise,replica oakley sunglasses, do not need to make such a commitment.
Asahi shimbun survey showed that 71% of voters support the practice of handling the TPP negotiations, Abe and yomiuri news and the news like according to the survey, about 60% of the voters to support it,cheap oakleys.
In all media survey, Mr Abe's support for the entire quantity to record high since he came to power in December; Abe is junichiro koizumi in 2006, a rare full five-year term since the seventh of the prime minister.
Asahi shimbun survey, Mr Abe's approval rating at 65%, the yomiuri and the results of the survey of the daily news is 72% and 70% respectively, compared with February survey rise between 1-7%.
Japanese leaders is very difficult to get high ratings for a long time, usually will rise to high at the beginning of took office, but after the slide. Abe in the period from 2006 to 2007 for the first time as prime minister faced this problem.
replica oakley sunglasses Construction of clean and honest government
Since China's reform and opening up the youngest prime minister li keqiang, formal, its emphasis on the reform, vows against corruption has become a new government, the most beautiful label,replica oakley sunglasses, and maintain sustained economic growth to prevent inflation, control the potential risks, make fluctuation is the cornerstone of the Chinese economy is not big.
End on Sunday the 12th National People's Congress news conference after the meeting, li pointed out that reform should be a strong man DuanWan's determination to keep clean the incompatible with social justice rules; Human is the core of the urbanization and new urbanization, and clearly put forward the administration to complete three tasks and took three chapters to the government.
"Such a large China there are many things to solve, if major problems, I want to the first or the last development of the economy." Can expect in the future, he said, China's economic environment is still grim and complex, want to in time of peace prepare for war, also want to stability, maintain sustained economic growth, to prevent inflation, control the potential risks, make big fluctuations in China's economy will not occur.
Besides how to insure the stable growth of China's economy,discount oakley sunglasses, how to further improve people's livelihood, strengthen environmental protection, improve food hygiene safety, as well as the elimination of social injustice, and the government integrity questions, etc,fake oakleys., are facing the new government the most realistic problem.
Li keqiang pointed out that to improve the livelihood of the people, strive to improve the urban and rural residents, especially low-income income, growing middle-income groups. Should guarantee the basic livelihood of the people, weaving a universal guarantee the basic livelihood of the people's safety net, including compulsory education, health care, pension, housing, etc., to gradually put the short board.
At the same time, to promote social justice. To build a innovative government, rely on reform and opening up the economy society full of vitality; Construction of clean and honest government, enhance the government credibility, executive force and efficiency; As well as the construction of government under the rule of law, the law in the holy place, no matter do anything, and nobody can't beyond the legal authority.
"To make people a better life, the government will austerity." Li also pointed to the administration took three chapters, with the simplicity of the government to the public. He asked that the administration, governmental government building projects shall be built; Fiscal support personnel only reduction does not increase; Public reception, abroad, public vehicles only does not increase. The three central government should take the lead, do level 1 to level 1,cheap oakleys.
He mentioned, January and February this year, the central fiscal revenue growth was only 1.6%, can speculate that the future financial to keep high-speed growth of income situation is unlikely, but consumer spending is rigid, can't, can only increase, the need to cut government spending.
And just ended on Sunday the 12th National People's Congress conference by the Treasury report, no reaches as high as 509-17%. Also highlights people's congress to represent the deficit this year an increase of 400 billion yuan, 1.2 trillion yuan.
cheap oakley sunglasses or may directly make changes to this.
The new chief executive this week the bank of Japan have against deflation, the bank of England may be to promote economic growth of new responsibilities, and the federal reserve (fed) could carry bond buying program.
The three events can reflect the risk situation of the global economy. At present the global economy is recovering, but the distance is still a far cry from what is strong.
The United States and most European regional unemployment rate remains high, the economic growth rate in many countries is far lower than the pre-crisis levels. As a result, inflation is very gentle.
In addition, many indebted countries are unable to respond to rising borrowing costs,cheap oakley sunglasses. International economists Joachim Fels of Morgan Stanley's chief said that central Banks will take the necessary measures to suppress the bond yields.
"Despite the economy showed signs of increase, but we think that won't end central Banks are easing," said Fels, "now don't worry about the central bank out of negative real interest rates and quantitative easing policy in advance, at least don't worry about this year."
Supportive monetary policy Fels is expected in 2013 at the start of the main causes of the global economy will walk out of the dark.
",fake oakley sunglasses;This season and next quarter GDP growth below trend. But in the second half of this year, we believe will usher in a bright," he said.
The bank of Japan has once again become the focus of * * * *
If Mr Kuroda deliver on the promises of curb Japanese deflation situation for a long time,replica oakleys, so the bank of Japan will once again be global reflationary (reflation, an important driving force,cheap oakley sunglasses. Mr Kuroda will officially took office central bankers on Wednesday.
Said Fels, if because of the bank of Japan's aggressive easing policy leads to the yen weakness, cause other countries currency appreciation, then the other central Banks will find it necessary to maintain loose policy.
Macquarie, a strategist at Daniel McCormack said, even the European central bank may also faces some pressure to do more.
The bank of England also will have a similar leadership shuffle.
Chancellor of the exchequer, Mr Will submit the annual budget plan on Wednesday, when the material will be a comprehensive review is the task of the bank focuses on fighting inflation, or may directly make changes to this.
Due to determined to implement austerity measures, Mr Almost have no modify tax or spending plans, so may seek to expand the size of the bank of England to further ease monetary policy, to help the economy against threat of recession.
This will bring the new President of the bank of England carney will pave the way to office in July. But she doubt Mr Carney and can agree on action.
, "he said when he took office, you will find will be dazzling in the monetary policy actions. Effectiveness and efficiency of carney will depend on whether he can turn the UK economy within five years in office. So he will try my best."
McCormack said the United States, China and perhaps Germany's economy builds momentum and central Banks to take stimulus, year stock market will become a bright spot.
cheap oakley sunglasses he said
Bank of England governor mervyn king this week suggested that the "clouds" of the British economy may be dissipated. But due to various assets is strong, and sterling vulnerable, investors in the UK economy growth outlook is not so clear.
Mervyn king said on Thursday that the UK economy is gaining "kinetic energy", will be in recovery this year, and the pound after the recent plunge, it seems reasonable valuations. His remarks let the market by surprise.
The pound trade-weighted index edged up. The index fell as much as 7% in 2013.
But, in the trade weighted terms, pound is still about 25% lower than before the crisis began in 2007. While the UK stock market soared after the king issued a optimistic view.
So, sterling and the shares which can better reflect the views of the investors in the UK economy,cheap oakley sunglasses? Due to shrinkage financial sector, household deleveraging and fiscal austerity, the British economy only weak growth or even no growth for a long time.
Pessimists feel king's comments to change, may be to prop up sterling, prevent "stagflation". The devaluation of pound sharp downturn in economic growth increased imported inflation. King last year also talking about the UK economy is facing "uncertainty clouds".
Other people think that pessimism may be overdone.
Standard Life Investments, director Jonathan, Gibbs said his views on the stagnant situation has roots are sceptical, he also said that even if such a trend continue, doesn't mean that caused by stagnation of economic and investment environment in the 1970 s nightmare will repeat itself.
"We believe the middle back environment is continuous improvement,",fake oakley sunglasses; Gibbs said. The UK market is affected by global reflationary and recovery over the sluggish domestic economy, contribute to performance in the stock and property markets,replica oakley sunglasses, he said, and investors are also looking for inflation protection.
Slowly, he says, asset allocation from low-yielding bonds to the global trend of stock market, is also on the stock market. The FTSE support factors, the index, which this week hit a five-year high,replica oakley sunglasses.
Citigroup analyst Robert Buckland says Britain and the United States stock market rally mainly supported by valuation, and the domestic economy is not the decisive factor, earnings per share to return to 2007 levels.
Despite the market's recent rally, but the cyclically adjusted p/e is still lower than 40-year average of about 15%.
"Without economic growth or economic growth really is essential, so we would expect the global emerging markets and Asia, excluding Japan stock market will hit a record high, but it's actually not the case," wrote Buckland.
replica oakley sunglassesSince China's reform and opening up the youngest prime minister li keqiang
Since China's reform and opening up the youngest prime minister li keqiang, formal, its emphasis on the reform, vows against corruption has become a new government,replica oakley sunglasses, the most beautiful label, and maintain sustained economic growth to prevent inflation, control the potential risks, make fluctuation is the cornerstone of the Chinese economy is not big.
End on Sunday the 12th National People's Congress news conference after the meeting, li pointed out that reform should be a strong man DuanWan's determination to keep clean the incompatible with social justice rules; Human is the core of the urbanization and new urbanization, and clearly put forward the administration to complete three tasks and took three chapters to the government.
"Such a large China there are many things to solve, if major problems, I want to the first or the last development of the economy." Can expect in the future, he said, China's economic environment is still grim and complex, want to in time of peace prepare for war, also want to stability, maintain sustained economic growth, to prevent inflation, control the potential risks,cheap oakleys, make big fluctuations in China's economy will not occur.
Besides how to insure the stable growth of China's economy, how to further improve people's livelihood, strengthen environmental protection, improve food hygiene safety, as well as the elimination of social injustice,discount oakley sunglasses, and the government integrity questions, etc., are facing the new government the most realistic problem.
Li keqiang pointed out that to improve the livelihood of the people, strive to improve the urban and rural residents, especially low-income income, growing middle-income groups. Should guarantee the basic livelihood of the people, weaving a universal guarantee the basic livelihood of the people's safety net, including compulsory education, health care, pension, housing, etc., to gradually put the short board.
At the same time, to promote social justice. To build a innovative government, rely on reform and opening up the economy society full of vitality; Construction of clean and honest government, enhance the government credibility, executive force and efficiency; As well as the construction of government under the rule of law,replica oakley sunglasses, the law in the holy place, no matter do anything, and nobody can't beyond the legal authority.
"To make people a better life, the government will austerity." Li also pointed to the administration took three chapters, with the simplicity of the government to the public. He asked that the administration, governmental government building projects shall be built; Fiscal support personnel only reduction does not increase; Public reception, abroad, public vehicles only does not increase. The three central government should take the lead, do level 1 to level 1.
He mentioned, January and February this year, the central fiscal revenue growth was only 1.6%, can speculate that the future financial to keep high-speed growth of income situation is unlikely, but consumer spending is rigid, can't, can only increase, the need to cut government spending.
And just ended on Sunday the 12th National People's Congress conference by the Treasury report, no reaches as high as 509-17%. Also highlights people's congress to represent the deficit this year an increase of 400 billion yuan, 1.2 trillion yuan.
fake oakley sunglassesMcCormack said the United States
The new chief executive this week the bank of Japan have against deflation, the bank of England may be to promote economic growth of new responsibilities, and the federal reserve (fed) could carry bond buying program.
The three events can reflect the risk situation of the global economy. At present the global economy is recovering, but the distance is still a far cry from what is strong.
The United States and most European regional unemployment rate remains high, the economic growth rate in many countries is far lower than the pre-crisis levels. As a result, inflation is very gentle.
In addition, many indebted countries are unable to respond to rising borrowing costs. International economists Joachim Fels of Morgan Stanley's chief said that central Banks will take the necessary measures to suppress the bond yields.
"Despite the economy showed signs of increase, but we think that won't end central Banks are easing," said Fels, "now don't worry about the central bank out of negative real interest rates and quantitative easing policy in advance, at least don't worry about this year."
Supportive monetary policy Fels is expected in 2013 at the start of the main causes of the global economy will walk out of the dark.
"This season and next quarter GDP growth below trend. But in the second half of this year, we believe will usher in a bright," he said.
The bank of Japan has once again become the focus of * * * *
If Mr Kuroda deliver on the promises of curb Japanese deflation situation for a long time, so the bank of Japan will once again be global reflationary (reflation, an important driving force,fake oakley sunglasses. Mr Kuroda will officially took office central bankers on Wednesday.
Said Fels, if because of the bank of Japan's aggressive easing policy leads to the yen weakness, cause other countries currency appreciation, then the other central Banks will find it necessary to maintain loose policy,cheap oakley sunglasses.
Macquarie, a strategist at Daniel McCormack said,fake oakley sunglasses, even the European central bank may also faces some pressure to do more.
The bank of England also will have a similar leadership shuffle.
Chancellor of the exchequer, Mr Will submit the annual budget plan on Wednesday, when the material will be a comprehensive review is the task of the bank focuses on fighting inflation, or may directly make changes to this.
Due to determined to implement austerity measures, Mr Almost have no modify tax or spending plans, so may seek to expand the size of the bank of England to further ease monetary policy, to help the economy against threat of recession.
This will bring the new President of the bank of England carney will pave the way to office in July,replica oakley sunglasses. But she doubt Mr Carney and can agree on action.
, "he said when he took office, you will find will be dazzling in the monetary policy actions. Effectiveness and efficiency of carney will depend on whether he can turn the UK economy within five years in office. So he will try my best."
McCormack said the United States, China and perhaps Germany's economy builds momentum and central Banks to take stimulus, year stock market will become a bright spot.
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Since China's reform and opening up the youngest prime minister li keqiang, formal, its emphasis on the reform, vows against corruption has become a new government, the most beautiful label, and maintain sustained economic growth to prevent inflation, control the potential risks, make fluctuation is the cornerstone of the Chinese economy is not big.
End on Sunday the 12th National People's Congress news conference after the meeting,cheap oakleys, li pointed out that reform should be a strong man DuanWan's determination to keep clean the incompatible with social justice rules; Human is the core of the urbanization and new urbanization, and clearly put forward the administration to complete three tasks and took three chapters to the government.
"Such a large China there are many things to solve, if major problems, I want to the first or the last development of the economy." Can expect in the future, he said, China's economic environment is still grim and complex, want to in time of peace prepare for war, also want to stability, maintain sustained economic growth, to prevent inflation, control the potential risks, make big fluctuations in China's economy will not occur.
Besides how to insure the stable growth of China's economy, how to further improve people's livelihood, strengthen environmental protection, improve food hygiene safety, as well as the elimination of social injustice, and the government integrity questions, etc., are facing the new government the most realistic problem.
Li keqiang pointed out that to improve the livelihood of the people, strive to improve the urban and rural residents, especially low-income income, growing middle-income groups. Should guarantee the basic livelihood of the people, weaving a universal guarantee the basic livelihood of the people's safety net, including compulsory education, health care, pension, housing,discount oakley sunglasses, etc., to gradually put the short board.
At the same time, to promote social justice. To build a innovative government, rely on reform and opening up the economy society full of vitality; Construction of clean and honest government, enhance the government credibility, executive force and efficiency; As well as the construction of government under the rule of law, the law in the holy place, no matter do anything, and nobody can't beyond the legal authority.
"To make people a better life, the government will austerity." Li also pointed to the administration took three chapters, with the simplicity of the government to the public. He asked that the administration, governmental government building projects shall be built,replica oakley sunglasses; Fiscal support personnel only reduction does not increase; Public reception,cheap oakley sunglasses, abroad, public vehicles only does not increase. The three central government should take the lead, do level 1 to level 1.
He mentioned, January and February this year, the central fiscal revenue growth was only 1.6%, can speculate that the future financial to keep high-speed growth of income situation is unlikely, but consumer spending is rigid, can't, can only increase, the need to cut government spending.
And just ended on Sunday the 12th National People's Congress conference by the Treasury report, no reaches as high as 509-17%. Also highlights people's congress to represent the deficit this year an increase of 400 billion yuan, 1.2 trillion yuan.
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Bank of England governor mervyn king this week suggested that the "clouds" of the British economy may be dissipated. But due to various assets is strong, and sterling vulnerable, investors in the UK economy growth outlook is not so clear.
Mervyn king said on Thursday that the UK economy is gaining "kinetic energy", will be in recovery this year, and the pound after the recent plunge, it seems reasonable valuations. His remarks let the market by surprise.
The pound trade-weighted index edged up. The index fell as much as 7% in 2013.
But, in the trade weighted terms, pound is still about 25% lower than before the crisis began in 2007. While the UK stock market soared after the king issued a optimistic view.
So, sterling and the shares which can better reflect the views of the investors in the UK economy? Due to shrinkage financial sector,fake oakleys, household deleveraging and fiscal austerity, the British economy only weak growth or even no growth for a long time,fake oakleys.
Pessimists feel king's comments to change, may be to prop up sterling,replica oakley sunglasses, prevent "stagflation". The devaluation of pound sharp downturn in economic growth increased imported inflation. King last year also talking about the UK economy is facing "uncertainty clouds".
Other people think that pessimism may be overdone.
Standard Life Investments, director Jonathan, Gibbs said his views on the stagnant situation has roots are sceptical, he also said that even if such a trend continue, doesn't mean that caused by stagnation of economic and investment environment in the 1970 s nightmare will repeat itself.
"We believe the middle back environment is continuous improvement," Gibbs said. The UK market is affected by global reflationary and recovery over the sluggish domestic economy, contribute to performance in the stock and property markets, he said, and investors are also looking for inflation protection.
Slowly, he says, asset allocation from low-yielding bonds to the global trend of stock market, is also on the stock market. The FTSE support factors, the index, which this week hit a five-year high.
Citigroup analyst Robert Buckland says Britain and the United States stock market rally mainly supported by valuation, and the domestic economy is not the decisive factor, earnings per share to return to 2007 levels.
Despite the market's recent rally, but the cyclically adjusted p/e is still lower than 40-year average of about 15%.
"Without economic growth or economic growth really is essential, so we would expect the global emerging markets and Asia, excluding Japan stock market will hit a record high,replica oakleys, but it's actually not the case," wrote Buckland.
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Since China's reform and opening up the youngest prime minister li keqiang, formal, its emphasis on the reform, vows against corruption has become a new government, the most beautiful label, and maintain sustained economic growth to prevent inflation, control the potential risks, make fluctuation is the cornerstone of the Chinese economy is not big.
End on Sunday the 12th National People's Congress news conference after the meeting, li pointed out that reform should be a strong man DuanWan's determination to keep clean the incompatible with social justice rules; Human is the core of the urbanization and new urbanization, and clearly put forward the administration to complete three tasks and took three chapters to the government.
"Such a large China there are many things to solve, if major problems, I want to the first or the last development of the economy." Can expect in the future, he said, China's economic environment is still grim and complex, want to in time of peace prepare for war, also want to stability,cheap oakleys, maintain sustained economic growth, to prevent inflation, control the potential risks,replica oakleys, make big fluctuations in China's economy will not occur.
Besides how to insure the stable growth of China's economy, how to further improve people's livelihood, strengthen environmental protection, improve food hygiene safety, as well as the elimination of social injustice, and the government integrity questions, etc., are facing the new government the most realistic problem.
Li keqiang pointed out that to improve the livelihood of the people, strive to improve the urban and rural residents, especially low-income income, growing middle-income groups. Should guarantee the basic livelihood of the people, weaving a universal guarantee the basic livelihood of the people's safety net, including compulsory education, health care, pension, housing, etc., to gradually put the short board.
At the same time, to promote social justice. To build a innovative government, rely on reform and opening up the economy society full of vitality; Construction of clean and honest government, enhance the government credibility, executive force and efficiency; As well as the construction of government under the rule of law, the law in the holy place, no matter do anything, and nobody can't beyond the legal authority.
"To make people a better life, the government will austerity." Li also pointed to the administration took three chapters, with the simplicity of the government to the public. He asked that the administration,replica oakley sunglasses, governmental government building projects shall be built; Fiscal support personnel only reduction does not increase; Public reception, abroad, public vehicles only does not increase. The three central government should take the lead, do level 1 to level 1.
He mentioned,cheap oakley sunglasses, January and February this year, the central fiscal revenue growth was only 1.6%, can speculate that the future financial to keep high-speed growth of income situation is unlikely, but consumer spending is rigid, can't, can only increase, the need to cut government spending.
And just ended on Sunday the 12th National People's Congress conference by the Treasury report, no reaches as high as 509-17%. Also highlights people's congress to represent the deficit this year an increase of 400 billion yuan, 1.2 trillion yuan.
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The new chief executive this week the bank of Japan have against deflation, the bank of England may be to promote economic growth of new responsibilities, and the federal reserve (fed) could carry bond buying program.
The three events can reflect the risk situation of the global economy. At present the global economy is recovering, but the distance is still a far cry from what is strong.
The United States and most European regional unemployment rate remains high, the economic growth rate in many countries is far lower than the pre-crisis levels. As a result, inflation is very gentle.
In addition, many indebted countries are unable to respond to rising borrowing costs. International economists Joachim Fels of Morgan Stanley's chief said that central Banks will take the necessary measures to suppress the bond yields.
"Despite the economy showed signs of increase, but we think that won't end central Banks are easing,cheap oakley sunglasses," said Fels, "now don't worry about the central bank out of negative real interest rates and quantitative easing policy in advance, at least don't worry about this year,discount oakley sunglasses."
Supportive monetary policy Fels is expected in 2013 at the start of the main causes of the global economy will walk out of the dark.
"This season and next quarter GDP growth below trend. But in the second half of this year, we believe will usher in a bright," he said.
The bank of Japan has once again become the focus of * * * *
If Mr Kuroda deliver on the promises of curb Japanese deflation situation for a long time, so the bank of Japan will once again be global reflationary (reflation, an important driving force. Mr Kuroda will officially took office central bankers on Wednesday.
Said Fels, if because of the bank of Japan's aggressive easing policy leads to the yen weakness, cause other countries currency appreciation, then the other central Banks will find it necessary to maintain loose policy.
Macquarie, a strategist at Daniel McCormack said, even the European central bank may also faces some pressure to do more.
The bank of England also will have a similar leadership shuffle.
Chancellor of the exchequer, Mr Will submit the annual budget plan on Wednesday, when the material will be a comprehensive review is the task of the bank focuses on fighting inflation, or may directly make changes to this.
Due to determined to implement austerity measures, Mr Almost have no modify tax or spending plans, so may seek to expand the size of the bank of England to further ease monetary policy, to help the economy against threat of recession.
This will bring the new President of the bank of England carney will pave the way to office in July. But she doubt Mr Carney and can agree on action.
, "he said when he took office, you will find will be dazzling in the monetary policy actions,replica oakley sunglasses. Effectiveness and efficiency of carney will depend on whether he can turn the UK economy within five years in office. So he will try my best."
McCormack said the United States, China and perhaps Germany's economy builds momentum and central Banks to take stimulus, year stock market will become a bright spot,cheap oakleys.
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Oversees China's financial sector was the only "old",fake oakleys; in one hundred and with its success in global systemically important Banks, bank of China (HK: quote) (SS: quote) chairman took nearly 10 years of record that is about to go to new mission - the China securities regulatory commission.
Reported in bank of China, on Sunday night, according to the national financial work needs, Mr. Xiao has been sent to the bank's board resigned, request resigned as chairman, his resignation will take effect since Sunday. And domestic media reported on Monday, the China securities regulatory commission has cadres meeting on Sunday announced the decision, xiao guo shuqing, served as chairman of the China securities regulatory commission.
Guo shuqing, chairman of the China securities regulatory commission (CSRC) former reform, serving 18 months in the ipo system reform, a crackdown on insider trading, standardize information disclosure of listed companies and multivariate innovation encourage brokers, and other fields, the New Deal introduced in succession. At present most of the New Deal at the stage of implementation, the policy effect and has not been fully revealed. This for Mr. Xiao as securities supervision power, how to shot is in the midst of the great transformation period of domestic capital market, will undoubtedly is a major challenge.
On the 18th national committee of the communist party of China held in last November, 54, xiao's big four state Banks only to the deputy from leaders in the central committee, this let xiao widely attention. But in the end he positioning, chairman of the China securities regulatory commission, or let some in the industry has some accident.
"Didn't think he'll pick up the China securities regulatory commission, to be honest, I also don't know about him,fake oakley sunglasses, he is in the bank before circle turn around,replica oakleys." A brokerage executives said.
And he said, now everybody's most care about, just began the reform of the securities industry will continue, the new President took office whether there will be a new idea.
Another brokerage executives noted that Mr. Xiao has rich experience in banking management, risk prevention awareness is higher. Last year, regulators significantly loosen brokerage business innovation, diversification of asset management, asset securitization, etc, for example, Mr Xiao after he takes office may in brokerage risk prevention of trust business, a little bit more.
Mr. Xiao in recent years, often in the media published a signed article, expounded his thought of banking and insights, including stirred the market hot he financial products of bank funds pool the theory of "ponzi scheme". He thought at the time, those issued by the bank capital pool class financial product, mismatch due to time limit, the new claims ",cheap oakley sunglasses;old" to satisfy the due payment, is essentially a "ponzi scheme".
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Oversees China's financial sector was the only "old" in one hundred and with its success in global systemically important Banks, bank of China (HK: quote) (SS: quote) chairman took nearly 10 years of record that is about to go to new mission - the China securities regulatory commission.
Reported in bank of China, on Sunday night, according to the national financial work needs, Mr. Xiao has been sent to the bank's board resigned, request resigned as chairman, his resignation will take effect since Sunday. And domestic media reported on Monday, the China securities regulatory commission has cadres meeting on Sunday announced the decision,oakley sunglasses sale, xiao guo shuqing, served as chairman of the China securities regulatory commission.
Guo shuqing, chairman of the China securities regulatory commission (CSRC) former reform, serving 18 months in the ipo system reform,fake oakley sunglasses, a crackdown on insider trading, standardize information disclosure of listed companies and multivariate innovation encourage brokers, and other fields, the New Deal introduced in succession. At present most of the New Deal at the stage of implementation, the policy effect and has not been fully revealed. This for Mr. Xiao as securities supervision power, how to shot is in the midst of the great transformation period of domestic capital market, will undoubtedly is a major challenge.
On the 18th national committee of the communist party of China held in last November, 54, xiao's big four state Banks only to the deputy from leaders in the central committee, this let xiao widely attention. But in the end he positioning,cheap oakley sunglasses, chairman of the China securities regulatory commission, or let some in the industry has some accident,replica oakley sunglasses.
"Didn't think he'll pick up the China securities regulatory commission, to be honest, I also don't know about him, he is in the bank before circle turn around." A brokerage executives said.
And he said, now everybody's most care about, just began the reform of the securities industry will continue, the new President took office whether there will be a new idea.
Another brokerage executives noted that Mr. Xiao has rich experience in banking management, risk prevention awareness is higher. Last year, regulators significantly loosen brokerage business innovation, diversification of asset management, asset securitization, etc, for example, Mr Xiao after he takes office may in brokerage risk prevention of trust business, a little bit more.
Mr. Xiao in recent years, often in the media published a signed article, expounded his thought of banking and insights, including stirred the market hot he financial products of bank funds pool the theory of "ponzi scheme". He thought at the time, those issued by the bank capital pool class financial product, mismatch due to time limit, the new claims "old" to satisfy the due payment, is essentially a "ponzi scheme".
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China's elite circle to Lou jiwei's new finance minister, summed up the three "pie" : in academics, senior officials work parties, within the system, the market parties. But experienced by cic was universal criticism after the pressure losses, and believe what pie than the next five years to "good away money, manage money, spend money" let him steady.
The 12th National People's Congress, at a meeting on Saturday confirmed the ministries or commissions, the people's bank of China governor, etc., the new finance minister for the 63 - year - old Mr Lou, won the favor, 2905 votes, no 37 votes, abstained 10 votes.
Lou jiwei,oakley sunglasses sale, analysts say never conceal his desire to return to the mainstream finance management power, during the work in cic, also often in the scholar's identity will be all kinds of his thinking on macro issues such as finance and finance. Now finally get it and have the opportunity to blend system requirements and individual ability,cheap oakley sunglasses.
Lou jiwei and or senior cadres is complete official experience, not only have a place to work experience, for fiscal and financial sense. Cic in evaluating his personal characteristics, said "the aura is extremely strong, very powerful, dare to speak the truth, to the point."
Eighteen big during the last year, Mr. Lou had an interview with Reuters and at the time when talk about reform, turn to translation the word factor market, with the capital market, Mr Lou immediately pointed out that the word wrong, "factor market" should not be capital market." Its rigorous attitude.
"For China's economic reform is a good thing, but to finance some of the bureaucracy is not necessarily a good thing,fake oakleys." , a person familiar with the Treasury Department official said, "last time (he) is parachuted into the Treasury, to fully operate there will be resistance; but this time should be bold."
Lou jiwei, who was born in 1950 at the end of the year, had five years of the south China sea fleet troops. Graduated from tsinghua university computer science department, the number is the first Chinese economics graduate students. Since then, for many years engaged in the reform of the system work, and in 1995-1998 vice governor of guizhou province, then airborne appointed deputy secretary of the Treasury.
When cic was established in 2007, by China's ministry of finance to inject $200 billion,replica oakley sunglasses, or about 1.5 trillion yuan. Lou from deputy finance minister of the post as chairman of cic, began his in charge of the world's largest sovereign wealth fund investment career.
The young this year, cic made several important investment: for about $3 billion m investment in a powerful figure by the United States to launch the Blackstone private equity funds; With the $5.6 billion investment in Morgan Stanley (MS. N: quote) convertible bond... But as the spread of the global financial crisis, the investment has produced huge losses. Is in stark contrast, foreign investment in Chinese Banks to gain considerable returns, and listed out for a moment, the criticism of media.
Five years later, when he left the cic, hand over a return for good answers. During the eighteenth big, he told Reuters in an interview: in 2012, cic will make overseas investment.
2011 is fully operational in the first year of cic entered a substantive, but loss for the first time in three years, overseas investment portfolio yield of 4.3%, even lower than the annual yield of 2008-2.1%.
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Although clamor for the changing course is more and more big, the chancellor of the exchequer, Mr Liu in this week's budget austerity policies. Mr Bet on before the 2015 election, the British economic growth will be back on track.
In Mr Budget statement on Wednesday that showed the biggest change might be the monetary policy - rather than tax and spending policies. There are signs that Mr Intends to adjust the inflation of the bank of England duty, again to stimulate the economy recession threat.
In 2010 Mr With bold promises of change, for the conservative party won the election, but since then, little economic growth and deficit reduction is slow, seriously undermined his popularity. Now Mr Was rated as the most unpopular in the past 20 years the chancellor of the exchequer.
Ipsos MORI poll this week shows that conservative voters approval rating at 27%, the lowest for a decade.
Mr Said on Sunday, there is no alternative to austerity and slow down the deficit reduction will make Britain may follow on Cyprus's. Cyprus has announced that a tax on bank accounts, to help for the international rescue financing.
Mr Told the BBC in an interview, ",cheap oakley sunglasses;the British ultimately to be self-reliant. We can't always think the way is to borrow more money to solve the problem."
British opposition labor party deficit-reduction hope to slow down. Party's Treasury spokesman Ed Balls on Sunday condemned the government's policy is "crazy farm economy."
Ball in an interview by the BBC. "they don't want to change the route is the only reason why, want to avoid political disgrace."
British prime minister David Cameron to support Mr. He said on March 7, "this month's budget will stick to the previous line."
Media reported on Sunday,fake oakley sunglasses, the government may promote the following plan to reduce the corporate tax, raise the individual income tax shall be exempted from the forehead,fake oakley sunglasses, delay to raise fuel taxes, and improve their benefits, as well as the issue of 10 billion pounds of new-home construction guarantee,replica oakleys.
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Euro zone finance ministers urged Cyprus in a tax on bank deposit of pass small savers. Cyprus parliamentary vote on tax on Tuesday,Oakley Sunglasses Online, will determine whether the country can get financial aid, or face the danger of default.
Cyprus announced over the weekend, as for the eu 10 billion euros ($13 billion) bailout plan, as part of the country's tax will account to the bank. After practice is that the interests of depositors is inviolable.
The euro and European stock markets fell, on concerns that tiny Cyprus may be renewed financial crisis in the euro area. At the same time, public anger of Cyprus in the heavily guarded before parliament held a demonstration in the country.
On Tuesday, officials said before the vote euro zone finance ministers held a conference call late and said deposit less than 100000 euros of small depositors should be protected. If the vote is expected to present stalemate situation, cannot pass, would affect the euro zone as a whole.
According to the agreement reached in Brussels on Saturday, the amount under 100000 euro bank account to pay the tax of 6.7%,fake oakleys, more than the amount need to pay 9.9%,cheap oakley sunglasses.
Finance ministers said they tend to be more savings account rates rise to 15.6%, the amount of fewer small savings account escaped.
A Greek finance ministry sources said that Cyprus is unclear whether they would accept the proposal,fake oakley sunglasses, if accepted, Cyprus is still able to receive 5.8 billion euros via a tax on bank deposit as planned.
"All the eurogroup finance ministers today, say they want to don't tax account deposit less than 100000 euros, but you cannot force a country don't do that," the Greek sources told Reuters.
fake oakley sunglasses but this time should be bold."
China's elite circle to Lou jiwei's new finance minister, summed up the three "pie" : in academics, senior officials work parties, within the system, the market parties. But experienced by cic was universal criticism after the pressure losses, and believe what pie than the next five years to "good away money, manage money, spend money" let him steady.
The 12th National People's Congress, at a meeting on Saturday confirmed the ministries or commissions, the people's bank of China governor, etc., the new finance minister for the 63 - year - old Mr Lou, won the favor, 2905 votes, no 37 votes, abstained 10 votes.
Lou jiwei, analysts say never conceal his desire to return to the mainstream finance management power, during the work in cic, also often in the scholar's identity will be all kinds of his thinking on macro issues such as finance and finance. Now finally get it and have the opportunity to blend system requirements and individual ability.
Lou jiwei and or senior cadres is complete official experience, not only have a place to work experience, for fiscal and financial sense. Cic in evaluating his personal characteristics,fake oakley sunglasses, said "the aura is extremely strong, very powerful, dare to speak the truth, to the point."
Eighteen big during the last year, Mr. Lou had an interview with Reuters and at the time when talk about reform, turn to translation the word factor market, with the capital market, Mr Lou immediately pointed out that the word wrong, "factor market" should not be capital market." Its rigorous attitude.
"For China's economic reform is a good thing, but to finance some of the bureaucracy is not necessarily a good thing." , a person familiar with the Treasury Department official said, "last time (he) is parachuted into the Treasury, to fully operate there will be resistance; but this time should be bold.",cheap oakleys;
Lou jiwei, who was born in 1950 at the end of the year, had five years of the south China sea fleet troops. Graduated from tsinghua university computer science department, the number is the first Chinese economics graduate students,fake oakley sunglasses. Since then, for many years engaged in the reform of the system work, and in 1995-1998 vice governor of guizhou province,cheap oakley sunglasses, then airborne appointed deputy secretary of the Treasury.
When cic was established in 2007, by China's ministry of finance to inject $200 billion, or about 1.5 trillion yuan. Lou from deputy finance minister of the post as chairman of cic, began his in charge of the world's largest sovereign wealth fund investment career.
The young this year, cic made several important investment: for about $3 billion m investment in a powerful figure by the United States to launch the Blackstone private equity funds; With the $5.6 billion investment in Morgan Stanley (MS. N: quote) convertible bond... But as the spread of the global financial crisis, the investment has produced huge losses. Is in stark contrast, foreign investment in Chinese Banks to gain considerable returns, and listed out for a moment, the criticism of media.
Five years later, when he left the cic, hand over a return for good answers. During the eighteenth big, he told Reuters in an interview: in 2012, cic will make overseas investment.
2011 is fully operational in the first year of cic entered a substantive, but loss for the first time in three years, overseas investment portfolio yield of 4.3%, even lower than the annual yield of 2008-2.1%.
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China's elite circle to Lou jiwei's new finance minister, summed up the three "pie" : in academics, senior officials work parties, within the system, the market parties. But experienced by cic was universal criticism after the pressure losses, and believe what pie than the next five years to "good away money, manage money, spend money",replica oakleys; let him steady.
The 12th National People's Congress, at a meeting on Saturday confirmed the ministries or commissions, the people's bank of China governor, etc., the new finance minister for the 63 - year - old Mr Lou, won the favor, 2905 votes, no 37 votes, abstained 10 votes.
Lou jiwei, analysts say never conceal his desire to return to the mainstream finance management power, during the work in cic, also often in the scholar's identity will be all kinds of his thinking on macro issues such as finance and finance. Now finally get it and have the opportunity to blend system requirements and individual ability.
Lou jiwei and or senior cadres is complete official experience, not only have a place to work experience, for fiscal and financial sense. Cic in evaluating his personal characteristics, said "the aura is extremely strong, very powerful, dare to speak the truth,oakley sunglasses sale, to the point."
Eighteen big during the last year, Mr. Lou had an interview with Reuters and at the time when talk about reform, turn to translation the word factor market, with the capital market, Mr Lou immediately pointed out that the word wrong, "factor market" should not be capital market." Its rigorous attitude.
"For China's economic reform is a good thing, but to finance some of the bureaucracy is not necessarily a good thing." ,cheap oakley sunglasses, a person familiar with the Treasury Department official said, "last time (he) is parachuted into the Treasury, to fully operate there will be resistance; but this time should be bold.",replica oakley sunglasses;
Lou jiwei, who was born in 1950 at the end of the year, had five years of the south China sea fleet troops. Graduated from tsinghua university computer science department, the number is the first Chinese economics graduate students. Since then, for many years engaged in the reform of the system work, and in 1995-1998 vice governor of guizhou province, then airborne appointed deputy secretary of the Treasury.
When cic was established in 2007, by China's ministry of finance to inject $200 billion, or about 1.5 trillion yuan. Lou from deputy finance minister of the post as chairman of cic, began his in charge of the world's largest sovereign wealth fund investment career.
The young this year, cic made several important investment: for about $3 billion m investment in a powerful figure by the United States to launch the Blackstone private equity funds; With the $5.6 billion investment in Morgan Stanley (MS. N: quote) convertible bond... But as the spread of the global financial crisis, the investment has produced huge losses. Is in stark contrast, foreign investment in Chinese Banks to gain considerable returns, and listed out for a moment, the criticism of media.
Five years later, when he left the cic, hand over a return for good answers. During the eighteenth big, he told Reuters in an interview: in 2012, cic will make overseas investment.
2011 is fully operational in the first year of cic entered a substantive, but loss for the first time in three years, overseas investment portfolio yield of 4.3%, even lower than the annual yield of 2008-2.1%.
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Bank of England governor mervyn king this week suggested that the "clouds" of the British economy may be dissipated. But due to various assets is strong, and sterling vulnerable, investors in the UK economy growth outlook is not so clear.
Mervyn king said on Thursday that the UK economy is gaining "kinetic energy", will be in recovery this year, and the pound after the recent plunge, it seems reasonable valuations. His remarks let the market by surprise.
The pound trade-weighted index edged up. The index fell as much as 7% in 2013.
But, in the trade weighted terms, pound is still about 25% lower than before the crisis began in 2007,oakley sunglasses sale. While the UK stock market soared after the king issued a optimistic view.
So, sterling and the shares which can better reflect the views of the investors in the UK economy? Due to shrinkage financial sector, household deleveraging and fiscal austerity, the British economy only weak growth or even no growth for a long time.
Pessimists feel king's comments to change, may be to prop up sterling, prevent "stagflation". The devaluation of pound sharp downturn in economic growth increased imported inflation,cheap oakley sunglasses. King last year also talking about the UK economy is facing "uncertainty clouds".
Other people think that pessimism may be overdone.
Standard Life Investments, director Jonathan, Gibbs said his views on the stagnant situation has roots are sceptical, he also said that even if such a trend continue, doesn't mean that caused by stagnation of economic and investment environment in the 1970 s nightmare will repeat itself.
"We believe the middle back environment is continuous improvement," Gibbs said. The UK market is affected by global reflationary and recovery over the sluggish domestic economy, contribute to performance in the stock and property markets, he said, and investors are also looking for inflation protection.
Slowly,replica oakley sunglasses, he says, asset allocation from low-yielding bonds to the global trend of stock market, is also on the stock market. The FTSE support factors,replica oakleys, the index, which this week hit a five-year high.
Citigroup analyst Robert Buckland says Britain and the United States stock market rally mainly supported by valuation, and the domestic economy is not the decisive factor, earnings per share to return to 2007 levels.
Despite the market's recent rally, but the cyclically adjusted p/e is still lower than 40-year average of about 15%.
"Without economic growth or economic growth really is essential, so we would expect the global emerging markets and Asia, excluding Japan stock market will hit a record high, but it's actually not the case," wrote Buckland.
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The new chief executive this week the bank of Japan have against deflation, the bank of England may be to promote economic growth of new responsibilities, and the federal reserve (fed) could carry bond buying program.
The three events can reflect the risk situation of the global economy,Oakley Sunglasses Online. At present the global economy is recovering, but the distance is still a far cry from what is strong.
The United States and most European regional unemployment rate remains high, the economic growth rate in many countries is far lower than the pre-crisis levels. As a result, inflation is very gentle.
In addition, many indebted countries are unable to respond to rising borrowing costs. International economists Joachim Fels of Morgan Stanley's chief said that central Banks will take the necessary measures to suppress the bond yields.
"Despite the economy showed signs of increase, but we think that won't end central Banks are easing," said Fels, "now don't worry about the central bank out of negative real interest rates and quantitative easing policy in advance, at least don't worry about this year."
Supportive monetary policy Fels is expected in 2013 at the start of the main causes of the global economy will walk out of the dark.
"This season and next quarter GDP growth below trend. But in the second half of this year, we believe will usher in a bright," he said.
The bank of Japan has once again become the focus of * * * *
If Mr Kuroda deliver on the promises of curb Japanese deflation situation for a long time, so the bank of Japan will once again be global reflationary (reflation, an important driving force. Mr Kuroda will officially took office central bankers on Wednesday.
Said Fels, if because of the bank of Japan's aggressive easing policy leads to the yen weakness, cause other countries currency appreciation, then the other central Banks will find it necessary to maintain loose policy,replica oakley sunglasses.
Macquarie, a strategist at Daniel McCormack said, even the European central bank may also faces some pressure to do more.
The bank of England also will have a similar leadership shuffle.
Chancellor of the exchequer, Mr Will submit the annual budget plan on Wednesday, when the material will be a comprehensive review is the task of the bank focuses on fighting inflation, or may directly make changes to this.
Due to determined to implement austerity measures, Mr Almost have no modify tax or spending plans, so may seek to expand the size of the bank of England to further ease monetary policy,replica oakleys, to help the economy against threat of recession.
This will bring the new President of the bank of England carney will pave the way to office in July. But she doubt Mr Carney and can agree on action.
, "he said when he took office, you will find will be dazzling in the monetary policy actions. Effectiveness and efficiency of carney will depend on whether he can turn the UK economy within five years in office. So he will try my best,oakley sunglasses sale."
McCormack said the United States, China and perhaps Germany's economy builds momentum and central Banks to take stimulus, year stock market will become a bright spot.
Oakley Sunglasses Online spreads will be affected by some
The eurozone to Cyprus by bank depositors against politicians and bankers shock, their concerns about the euro zone had a panic will let investors and ordinary people.
On Friday after all night negotiations, euro zone finance ministers agreed on Saturday to the troubled Mediterranean island to provide 10 billion euros ($13 billion) bailout, and said that since so many of the country's debt is derived from banking, therefore must bear much of the department.
Euro zone finance ministers asked bank of Cyprus savers pay up to 10% of taxes, it can raise nearly 6 billion euros. Bailout before the condition and content vary wildly, to concern all over the country and the wave of anger.
The European central bank had promised, if necessary, will be unlimited buying euro zone government bonds. This let the euro zone to keep calm in the past five months. But if investors doubt Cyprus mode or will repeat in the future any salvage operations, the calm is likely to be broken.
If not to rescue, Cyprus will default, which could break down by the European central bank up investor confidence.
Politicians and bankers and analysts said the tax on depositors or other euro zone countries would endanger Banks, even though the ministers insisted that this is just a special case, and Cyprus only accounted for 0.2% of the euro zone's economic output.
"This is an unprecedented act of extreme practices, we believe that will bring some panic to peripheral euro zone countries, we also can't rule out the possibility that part of the capital flight." Newedge Strategy of Annalisa Piazza said.
It said: ",Oakley Sunglasses Online;in the short term we expect periphery (yields) spreads will be affected by some, also don't rule out the possibility of the euro's decline."
This decision make cypriots scrambling to cash,oakley sunglasses sale, most atms are emptied within a few hours. Most depositors since Saturday morning can no longer enter your bank account.
Euro zone policymakers said Cyprus will monitor for signs of capital flight, but didn't explain once this happens will be how to deal with.
"For us, Cyprus is closely related to the system as a whole. Even though the country's economy is small, but if the situation chaos, may damage an important progress in stabilizing the euro zone in 2012." The European central bank chief andreas muston said at the end of the euro group meeting.
Cyprus is a bank holiday on Monday, instant response will be limited. If approved by congress, the savings will tax imposed since Tuesday. More than 100000 euros in bank deposits will be taxed 9.9%, lower than this value will be 6.7%.
The tax proposal does not necessarily have to get through, but otherwise I'm afraid will lead to other consequences, such as default, such worries will let the parties attach great importance to tax proposal.
Cyprus, called an emergency meeting of parliament will be postponed to Monday, the President Nicos Anastasiades urged lawmakers to support a tax bill. In the 56 seats in the parliament, none of the parties to occupy an absolute majority, but there have been three party says it will not support the plan.
"Government support for up to 26 to 28, and may vote in 26 or so," said jp Morgan analyst Alex White. "Our best estimates indicate that vote could be very close, so the results."
In Cyprus outside the euro zone, there has been no public sign of panic,fake oakley sunglasses, Banks and the authorities soon be placated.
Bank of CyprusBOC. CY and Laiki Bank on their English website, according to tax law does not involve overseas branch of Bank of Cyprus,replica oakley sunglasses. Spain's central bank, said the country did not showed signs of capital flight.