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Verbatim2007/09/15
China’s population contributes to soaring housing prices. However, by 2015, housing prices might meet a turning point.
Ha Jiming, a chief economist at China International Capital Corporation Limited, speaking at a round-table forum on real estate bubbles and housing price controls held recently, said housing prices in China will likely continue to rise in the short or middle term, but are expected to reach their peak in 2010.
Our social responsibility is more than meeting green goals. In fact, energy conservation and pollutant-emissions reduction can help us save money and make more profit.
Lu Youqing, vice-president of the Aluminum Corporation of China, told China Daily that his company has combined environmental requirements with production procedures to achieve clean production and low emissions. Top managers of the country's leading State-owned enterprises (SOE) risk losing opportunities for promotion or even their jobs if their companies fail to meet energy-conservation and pollutant- reduction targets.
The payment system realizes nationwide deposits and cash withdrawals, online or via-the-telephone inter-bank payments, which will enhance the production and livelihoods of the people.
Su Ning, deputy president of the People’s Bank of China (PBoC), the central bank, at a press conference on China’s financial service reform, said the high-value payment system (HVPS), as a key part of the advanced payment system, enables instant clearing across the banks nationwide and real-time interbank bond transactions.
China’s central bank will persist in combating inflation, trying to avoid a long-term negative interest rate.
Yi Gang, assistant governor of the People’s Bank of China, the central bank, on August 24, 2007, said precautious are being taken to fend off a financial crisis. Yi said it will be bad for economic development if the interest rate is continuously negative, but a solution will take time.
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