InfoAnda - Investors cheer China's stimulus package

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Tough times for small U.S. films despite bumper Cannes | | 20 May 2012
Asian markets up as dealers remain confident | 13 April 2009
Wal-Mart cuts about 11,200 Sam's Club staffers | 25 January 2010

Time to talk to Taliban: Musharraf | 20 July 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Investors cheer China's stimulus package

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: Investors cheer China's stimulus package By JOE McDONALD,AP Business Writer AP - 1 hour 55 minutes ago BEIJING - Investors welcomed China's multibillion dollar stimulus package but analysts said Monday that Beijing must ensure companies get access to more credit to sustain its effectiveness. Stock markets in Japan, Hong Kong and mainland China soared following Sunday's announcement of the 4 trillion yuan, or $586 billion, package as China joined moves by governments around the world to cushion the blow of the global slowdown. The package calls for higher government spending on roads, airports and other infrastructure and bigger subsidies to the poor and farmers. It promises more lending for rural projects, smaller companies and consumers but gives no details. The plan represents another drastic step away from lending curbs and other anti-inflation measures that Beijing imposed over the past three years but has been rolling back since mid-2008 as government alarm about slowing economic growth mounts. "It is clear that aggressive fiscal stimulus is necessary to jump start the economy at a time of sharply deteriorating outlook and sentiment," said UBS Securities economist Tao Wang in a report to clients. Still, "given the importance of bank financing in China ... increasing bank lending would be critical to sustain corporate investment needs," he said. The plan follows an unexpectedly sharp slowdown in economic growth that has raised the prospect of job losses and unrest. China's economic growth fell to 9 percent in the third quarter, its lowest level in five years, and analysts expect export growth to fall as low as zero in coming months as global demand weakens. British Prime Minister Gordon Brown welcomed China's move and said he looked forward to discussion of coordinating policy at a Washington meeting this week of leaders from the Group of 20 major economies. Chinese President Hu Jintao is due to attend. Also Monday, the government said China's wholesale inflation eased in October, which gives authorities more leeway to stimulate the economy without the threat that they might ignite new price rises. Producer prices rose 6.6 percent in October from the year-earlier period, down from August's 12-year high of 10.1 percent. Alarmed at falling growth, the government switched its official goal in mid-2008 from a single focus on fighting inflation to a dual target of ensuring fast economic expansion while also containing price rises. It has cut interest rates three times in recent weeks and lifted limits on how much each Chinese bank can lend. "We believe the government has totally changed its policy stance and will aggressively take all measures to stimulate the economy," said Merrill Lynch economist Ting Lu in a report. "We believe the government could maintain economic growth above 8.0 percent in 2009 with those policies." The plan's immediate beneficiaries are likely to be construction and building-materials companies as Beijing spends more to build airports, roads and other infrastructure, analysts said. The plan also promises to increase subsidies to the poor and to raise minimum guaranteed prices paid by the government to farmers for grain. "Accelerated infrastructure expansion will benefit contractors and building materials supplies," said a report by Jing Ulrich, JP Morgan & Co.'s chairwoman for China equities. "Higher social welfare spending and rural reforms will help boost consumption." News of the plan lifted sagging oil prices in Asian trading Monday on hopes that it would stimulate energy demand. Asian investors also bid up stocks, lifting China's Shanghai Composite index _ which has plunged by more than two-thirds since it peaked last October _ by 4.8 percent to 1,830, while Japan's Nikkei 225 index jumped nearly 6 percent to 9,095. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Australian PM pledges to never abandon auto industryAFP - 1 hour 6 minutes ago Australian central bank lowers growth estimatesAFP - 1 hour 33 minutes ago Seoul shares up; industrials jump, carmakers fallReuters - 1 hour 37 minutes ago France, Australia ministers in talks on financial crisisAFP - 1 hour 46 minutes ago Related Articles: Business China regulator urges banks to bolster risk controlsReuters - 44 minutes ago Australia's central bank slashes growth forecastsAP - 46 minutes ago France, Australia ministers meet to boost tiesAFP - 49 minutes ago Indian shares up more than 3 pct as sentiment liftsReuters - 50 minutes ago China's economy to grow 8-9 percent in '09: central bank chiefAFP - 52 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Documents expose Prince William RAF training row: report G20 pledges 'all necessary steps' to restore stability In Obama's victory, Americans see legacy of Lincoln Porsche hits record results on the back of VW shares Obama: First pooch may be mutt 'like me' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

Other News on Sunday, 9 November 2008
Canadian kept in a hole in the ground in Afghanistan
Two Spanish soldiers killed in Afghanistan: defence ministry
Israelis, Palestinians want support for peace talks | International |
Southern African leaders start summit on Zimbabwe | International |
Iranian economists criticize Ahmadinejad
South Ossetian forces occupy Georgian village: Tbilisi | International |
Egypt sends bin Laden's wandering son to Qatar | International |
Iran speaker criticizes Obama's nuclear remarks | International |
Reminisces of old Baghdad by one of last Jews | International |
Hurricane Paloma weakens further to Category One
China announces $586 billion stimulus plan
NZ house prices continue to decline in year to Oct
Taiwan central bank cuts interest rates by 25 bps
Saudi Aramco says on track for 12 mbpd capacity
Quartet pushes Israel, Palestinians to stick to peace talks
Bin Laden's son in Qatar after being deported by Egypt
Bomb attacks kill 8, wound dozens across Iraq
AP IMPACT: After US goes, Iraqi city faces vacuum
In Obama's victory, Americans see legacy of Lincoln
AIDS vaccines: New hope for problem-plagued path
G20 pledges 'all necessary steps' to restore stability
Air strike killed 37 Afghan civilians | International |
G20 agreed on need for world finance reform: EU ministers
Two Spanish soldiers killed in Afghan suicide attack
Zimbabwe's opposition MDC rejects SADC demands | International |
Russian submarine accident kills 20
Nigerian militants say four hostages released | International |
Deutsche Post to shed thousands of US jobs
S.Africa pressures Zimbabwe on unity deal
Won sets back South Koreans' overseas education plans | International |
MP3 player headphones may hinder pacemakers: study | Technology |
Obama could reverse Bush orders on drilling, stem cells
South West residents reduce carbon footprint by using energy trackers
Intel to unveil new health-care system: report | Technology |
Lockerbie families begin getting funds
RPT-NZ house prices continue to decline in year to Oct
Syrian president criticizes proposed US-Iraq pact
Cartoon critters, James Bond draw moviegoers | Entertainment |
Nicole Kidman to play transsexual in period drama | Entertainment |
Coldplay 2008's biggest act at World Music Awards | Entertainment |
Sly Stallone casting ugly guys for next movie | Entertainment |
Hollywood paparazzo pioneer says he has no regrets | Entertainment |
Director Brett Ratner circles Conan remake | Entertainment |
Seven killed, scores wounded in Baghdad bomb attack
Indonesia handling of Bali executions questioned | International |
World marks 90th anniversary of Great War
MP3 headphones can hamper defibrillators, pacemakers
Canada won't extend Afghan commitment, minister says | International |
Baghdad double bombing kills 25: police | International |
China says no compromising on Tibet's future | International |
Safety-wary China officials cancel Taiwan trips: KMT | International |
Strong quake hits China's Qinghai region | International |
US military conducts a dozen secret strikes in four years: report
Maldives saves for new homeland amid flooding fears: report
Obama prepares for White House handover talks with Bush
Dell not to launch music player before holidays: report | Technology |
China's economy to grow 8-9 percent in '09: central bank chief
Report: US conducted secret ops in Pakistan, Syria
Japan's quarterly machinery orders drop sharply
Seoul shares up; industrials jump, carmakers fall
Investors cheer China's stimulus package
World oil prices up on OPEC chief's remarks
China's new reality: Economic boom is slowing
NZ dollar up on stocks, Chinese package; bonds soft
World oil prices up on OPEC chief's remarks
US govt near deal to review AIG rescue package: report
S.Korea further delays power price hikes
G20 opens door to smaller economies in crisis talks
South African singer Miriam Makeba dies in Italy | Entertainment |
Markets cheer Chinese investment plan
Country star Merle Haggard battling lung cancer | Entertainment |
Who's L.A. concert hits some rough patches | Entertainment |
Hollywood paparazzo pioneer says he has no regrets | Entertainment |
YouTube to post full-length MGM films | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01