Energy News  
POLITICAL ECONOMY
China to relax credit controls to boost economy: officials

File image.
by Staff Writers
 Beijing (AFP) Dec 3, 2008
 China will continue to relax credit controls and use all monetary means to stimulate the economy, the government announced on Wednesday in a statement posted on its website.

"We need to apply a flexible and proper monetary policy to combat the crisis and maintain fast and stable growth," said the statement, issued at the end of a meeting chaired by Prime Minister Wen Jiabao.

The government also said it wanted "to accelerate credit growth, using the bank reserve rate, interest rates and exchange rates" to increase state spending.

Beijing has also decided to increase by 100 billion yuan (11.5 billion euros)loans to its three specialist "policy banks" which report directly to the cabinet.

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 The Economy


Memory Foam Mattress Review
SPACE MEDIA NETWORK PROMOTIONS
 Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


POLITICAL ECONOMY
China's sovereign wealth fund to avoid western financial firms: report
 Hong Kong (AFP) Dec 3, 2008
 The head of China's sovereign wealth fund said Wednesday he had lost confidence in western financial institutions during the global economic crisis and would not be investing in them, a report said.






ENERGY TECH
  • KEMA Advances Understanding Of Energy Storage Technologies
  • Self-powered devices may soon be possible
  • Wind Turbines Generate More Green Jobs In Ontario
  • New CNG Fueling Station To Support Growing Municipal Fleets

    • CIVIL NUCLEAR
  • EDF reveals 4.5-bln-dlr counter-bid for half of Constellation nuclear
  • Westinghouse To Pursue Nuclear Power Market In India
  • Poland aims for nuclear power plant by 2020: PM
  • Iran proposes joint nuclear plants with Gulf states

    • BLUE SKY
  • Asia not responsible for 'brown haze': India
  • NRL's SHIMMER Observes Earth's Highest Clouds
  • Brown clouds of pollution a huge threat to Asia: UN
  • Global Methane Levels On The Rise Again

    • WOOD PILE
  • Brazil plans to cut deforestation by 70 pct over 10 years
  • Amazon deforestation up almost 4.0 percent
  • China sews forests from tree-starved areas
  • Frontier Forest Science For Carbon Solutions

    • FARM NEWS
  • Trust in Chinese food exports drops over milk scandal: state media
  • Global warming could harm Pacific food security: UN
  • IAEA calls for renewed interest in mutant plant breeding
  • China says 294,000 children fell ill from tainted milk

    • CAR TECH
  • German automakers denounce EU compromise on CO2 emissions
  • EU nations agree on car emission cuts
  • Sanyo to launch new electric hybrid bicycle
  • London road pricing zone to be reduced

    • AEROSPACE
  • NASA studies pilot cognition
  • China postpones talks with Airbus: spokesman
  • Two China airlines to get govt aid: state media
  • China's air show saw four bln dollars in deals: report

    • NUCLEAR SPACE
    The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.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 SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement