. Medical and Hospital News .




.
POLITICAL ECONOMY
China says EU debt crisis 'important' to Beijing
by Staff Writers
Beijing (AFP) June 17, 2011

China said Friday the ability of eurozone countries to overcome their debt problems was "extremely important" to Beijing, while calling on EU nations to offer more work permits to Chinese investors.

The comments from senior Chinese officials came ahead of a trip next week to Europe by Chinese Premier Wen Jiabao and as the eurozone debt crisis has returned to the spotlight, with Greece on the edge of defaulting on its loans.

"The capacity of certain European nations to overcome their difficulties and come out of the crisis is extremely important for us," Vice Foreign Minister Fu Ying said ahead of Wen's June 24-28 trip to Hungary, Britain and Germany.

Fu, who was speaking at a briefing about Wen's European tour, said Beijing had supported European countries by "increasing its eurobond holdings" and by "promoting economic and commercial cooperation".

China has repeatedly expressed its confidence in the eurozone economies, and has invested an increasing portion of its world-leading foreign exchange reserves in euro-denominated assets.

Since December, China has pledged to buy government bonds from struggling Spain, Greece and Portugal.

Greece has warned it will be unable to pay next month's bills without a 12-billion-euro ($17 billion) loan instalment from the European Union and International Monetary Fund, part of a broader 110-billion-euro bailout package agreed last year.

Fu said Chinese companies were enthusiastic about investing in Europe, but lamented that "certain European politicians are prone to politically interpret the economic activities of Chinese companies in Europe".

"Chinese investment is no different than that of other nations," she said.

A senior commerce ministry official highlighted the fact that Chinese investors were having difficulty obtaining visas and work permits from European countries.

"Currently one of the main problems for our companies that want to invest in Europe are the visas and work permits," Wang Zhiming, the ministry's vice director of European affairs, told reporters.

Such problems are an "obstacle" to trade and tend to dissuade Chinese companies from investing in Europe, Wang said.

"China has constantly raised this issue with European authorities" but "unfortunately up until now, this has not been fundamentally resolved," he said.

"This is the most serious and most glaring problem that Chinese companies raise with us."




Related Links
The Economy

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries


Property prices continue to rise in China
Beijing (AFP) June 18, 2011 - The price of new apartments rose in May in 67 out of 70 Chinese cities tracked in a monthly survey, the National Bureau of Statistics said Saturday, as the government battles to rein in inflation.

The cost of new builds climbed by more than 5.0 percent in 33 of the cities, compared to 37 to April, the figures showed.

Soaring property prices are a major concern for many Chinese, with apartments in the centre of large cities beyond the reach of most budgets.

The real estate sector is one of the pillars of the economy and land sales to developers are an important source of revenue for municipalities.

Beijing has called on cities to build more social housing but local governments fear a loss of income if they sell land at low prices.

In its struggle to dampen inflation, the Chinese central bank Tuesday said it would raise the reserve requirement for the sixth time this year, effectively limiting the amount of money banks can lend.

In May, even before the latest increase which takes effect Monday, the volume of new loans had fallen sharply compared to April.

The consumer price index rose to 5.5 percent last month, its highest level since July 2008.

Further monetary tightening is expected in coming weeks as the authorities, anxious about inflation's potential to spark social unrest, try to stem a flood of credit in the economy.





. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Carstens makes IMF case in China
Beijing (AFP) June 16, 2011
Mexico's candidate to lead the IMF was set to make a lightning visit to China on Thursday to try to win Beijing's support in what he himself has called an "uphill battle" to defeat Christine Lagarde. Agustin Carstens, the governor of Mexico's central bank, was due in Beijing for meetings with his Chinese counterpart Zhou Xiaochuan and Finance Minister Xie Xuren, before holding a press confer ... read more


POLITICAL ECONOMY
Quake-hit N.Z. cathedrals face wrecking ball

Japan eyes $25 bn second reconstruction budget

Quake-weary Christchurch residents ponder leaving

Japan to compile second reconstruction budget

POLITICAL ECONOMY
Helping shape space-based technology policies

Russia plans to launch six Glonass satellites in 2011

India plans to make GPS more accurate with GAGAN

EU to launch Galileo satellites this fall

POLITICAL ECONOMY
Bones give peek at key evolutionary period

WHO: 1 billion disabled worldwide

Eating dirt can be good for the belly

Australia back-tracks on asylum kids

POLITICAL ECONOMY
'Unicorn' antelope leaps back from near-extinction

Stable temperatures boost biodiversity in tropical mountains

Seven new mice species found in Philippines

How spiders breathe under water

POLITICAL ECONOMY
Penn researchers show new evidence of genetic 'arms race' against malaria

UN AIDS summit aims to treat 15 million

Cost of AIDS drugs to keep falling: experts

Africa demands more help at UN AIDS summit

POLITICAL ECONOMY
Blind China activist beaten unconscious: wife

China detains 'rumour-monger' over riots

Faced with unrest, wary China flexes muscle

US presses China over activist site attacks

POLITICAL ECONOMY
Chinese ship released by pirates: EU

South Korea jails Somali pirates

US Navy recruits gamers to help in piracy strategy

Danish crew free Somali pirate hostages

POLITICAL ECONOMY
Hong Kong finance chief warns on property prices

China says EU debt crisis 'important' to Beijing

IMF sees slower global growth, rising headwinds

Carstens says IMF race not over yet


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement