Rapid expansion of local financing debt loan debt ratio of 10 to over 100%

Huawei to lobby the U.S. Department of Defense in advance of Motorola business

Failure two years after the acquisition of 3com, Chinese private enterprises - Shenzhen Huawei Technologies Co., Ltd. (hereinafter referred to as: Huawei) to prepare once again shot in the U.S. market. According to foreign media reports, Huawei is working with the U.S. defense and intelligence agencies regarding the acquisition of Motorola's networks business negotiations, aims to remove the U.S. government concerns about Huawei.

"Ease the agreement"

According to the British "Financial Times" reported that Huawei is lobbying the U.S. government, in order to successfully compete have to Motorola's mobile network infrastructure business, as well as future acquisitions in the U.S. in preparation. Huawei signed with the U.S. government is considering a "detente agreement" (mitigation agreement), 2006 French Alcatel (alcatel) in the acquisition of Lucent (lucent) when I had signed a similar agreement, Alcatel is ready to show U.S. cooperation in good faith. Such agreements are usually confidential documents relating to the strict security procedures. In certain circumstances, be U.S. citizens advisory group formed to oversee the acquisition in the U.S. case sensitive business operations.

Reported, "We will work with the U.S. government on issues of concern to explore their solutions."

U.S. seeking to change the yuan to solve the problem of multilateral or bilateral occasions

In the United States Treasury Department recently announced the postponement of the decision whether or not China a currency manipulator behind the U.S. government sought to negotiate bilateral and multilateral occasions to find room for RMB appreciation; At the same time, the market is expected to enhance the appreciation of the RMB, the yuan, or in the third quarter that careful appreciation of the beginning.

RMB appreciation space for time

In the Obama administration bent on harm Sino-US relations to a series of decisions, with the Obama administration reaffirmed the "one China" policy, and calls between the Chinese and U.S. leaders, from the end of warming Sino-US relations.

On the one hand, April 1, Chinese Foreign Ministry announced that Chinese President Hu Jintao will be invited on April 12 to 13 to attend the Washington summit, held in nuclear safety; the other hand, on April 3, U.S. Treasury Secretary, cover Turner issued a balanced feel the wording, but did not lose the hard-line statement, said it would delay the submission to Congress, including China, major trading partners, the U.S. exchange rate policies report.

As early as the end of March, the U.S. think tanks have all made the subject judged: U.S. conservative intellectual Kubidesen Institute for International Economics Senior Fellow 尼古拉斯拉蒂 (nicholas lardy) in the report that the Obama administration in order with China cooperation in other matters, the need to avoid to China a currency manipulator affixed label.

Geithner said in a statement to postpone the report because, in the next three months, a series of important high-level meetings, including a meeting in Washington this month, the Group of Twenty Finance Ministers and Central Bank Governors Meeting, May China-US strategic economic dialogue (s & ed), and in June, held in Canada, the Group of 20 summit.

The exchange rate issue, the statement is still tough Geithner, Timothy Geithner said that China continued to link the single currency led to large-scale intervention in currency; In addition, China is not a flexible exchange rate to other emerging economies is difficult to allow their currency appreciation, rebalancing the global economy, China can achieve a more market-oriented exchange rate reform is essential.

U.S. employment data released a surprise or near the pace of tightening

Last Friday announced the United States in March payrolls data showed that employment in the private sector there is a great upgrade, so optimistic about the U.S. economic recovery was further, the data published, the U.S. bond yields rose, the dollar also showed an overall increase .

Highlights: Private sector employment increased

U.S. Labor Department data showed the U.S. March non-farm employment increased by 16.2 million people, was in March 2007 the largest increase since, but before the data is widely expected to increase less than 19 million people; March unemployment rate maintenance, 9.7%, in line with expectations.

After the data has been volatile currency markets, but analysts said the employment report showed U.S. private-sector employment has a good recovery, so the whole, the March employment data is very satisfactory, the dollar finally up.

U.S. private sector employment increased by 12.3 million people are considered in March payrolls report highlights that although it was pointed out that the heavy snow made in February, there was some distortion, but analysts still believe that private sector job growth good, and this will help the U.S. economy.

But the data have some flaws. The number of new jobs, about 1 / 3 is because the U.S. Census employ temporary workers, which may show the U.S. job market recovery will risks, it has been stressed that most of Renshi, only a few months of continuous improvement can be recognized as a real recovery. U.S. February non-farm employment to reduce the 3.6 million people, the unemployment rate steady at 9.7%.

Manipulator of a private equity fund Wei Deng told reporters last week the U.S. Labor Department release of nonfarm employment data for the 16.2 million people, although less than expected, but the dollar remains strong, largely because of private sector employment increased by 12.3 million, accounting for 75% of non-farm employment, private enterprises are optimistic about the United States reflects the U.S. economic recovery, while small and medium private enterprises is the main channel for U.S. employment increase, so the data published, the market has been positive.

Australia called on China to intervene in other iron ore market

Local time on April 5, Australia abc news report on its Web site, the Australian Trade Minister Ximengkelin (simon crean) said the Chinese government should not interfere in iron ore market.

abc news quoted Franklin as saying the decision should be the market price, and not limit the market supply orders issued.

Franklin also said a boycott is unlikely to deliver as rapidly industrializing China iron ore demand is very high.

Earlier reports said the China Iron and Steel Association has asked domestic steel companies and traders within the next two months are not from Australia, Rio Tinto Ltd, BHP Billiton, and CVRD's iron ore imports.

Gradually from the occasion of the debate, the market now widely expected, this year's iron ore price negotiations may end with prices 80% to 100% "ending", the three major steel companies will be forced to accept the proposed new mining business the pricing mechanism - - "quarterly pricing," has been running for over 40 years to replace the annual benchmark pricing system.

Minmetals China Steel Association thorough investigation fried mine set up a "Joint Office of iron ore imports,"

China Steel Association clean up 1 million tons of iron ore traders into the access threshold

1 trillion investment plan launched in Chongqing reserves reached 200 million investment

After following the Hubei Province, have had a lot of throw-day regional capacity investment plans. April 2 executive at the Chongqing municipal government spread the latest news, Chongqing Municipality will launch a 1 trillion yuan this year's investment plan, and to fulfill the annual investment 200 billion yuan.

Chongqing will also focus on "the West Triangle", Chengdu-Chongqing Economic Zone, such as urban and rural comprehensive reform of strategic planning, the formation of "12 5" major project library, a major investment project reserve to reach 2 trillion yuan.

Investment around the "Great Leap"

It is reported that, compared with the beginning of 1997, directly under the Chongqing project this year, the number, total investment and annual investment were then 8 times, 18 times and 19 times. This time one trillion yuan investment plan covers 323 projects, involving transportation, energy, urban infrastructure, park infrastructure, energy conservation and ecological construction, water infrastructure, social and livelihood issues, technology, industry, agriculture, industrialization, trade circulation, and real estate 13 categories. Among them, the industrial, transportation, urban infrastructure and people's livelihood four categories project is the construction of the backbone of support in Chongqing this year, four classes a total investment of 737.5 billion yuan project, annual investment 143.5 billion yuan.

Yang Qingyu, director of Chongqing Municipal Development, said, Chongqing this year, total investment more than 10 billion yuan of 32 items, the biggest this year, including Shanghai to Chengdu expressway, Rail Transit Line, forest engineering, the main city of public rental , mdi (the sixth largest plastic production - the most important raw material for polyurethane) projects.

Launched a large number of projects not just in Chongqing. Can search data, key project in Hebei Province in 2010 arranged 1300, a total investment of 1.6 trillion yuan, the annual investment plan of over 250 billion yuan. Jiangsu Province in 2010 to 200 key projects to fulfill the investment 320 billion yuan, a city of Ningbo, Zhejiang crucial Battle of the project finalized in 2010 to 100, with a total investment 280 billion yuan.

The most attention, on March 22, Xu Kezhen Hubei Province Development and Reform Commission announced over the next six to eight years total investment of 1.2 trillion yuan investment plans. This is not only the equivalent of 4 trillion yuan investment plans country 3 times, but also in Hubei Province in 2009 gdp (gross domestic product) of the total 10 times.

The Government set up the stage, who singing?

Associate Dean of Economics, Fudan University yesterday to accept Jian Sun Post reporter, said large parts of China investment plan reflects the high reliance on investment-led.

"The government set the stage, the key is who is going to sing opera? If not afford the audience votes, so cautious, too afraid to go in the actors." Jian Sun, said the investment may not be the key to ultimately increase revenue with the people and link years. Revenue growth, and produced what was bought, that "there is the audience," and was willing to invest money, that is "cast into the."

He pointed out that if the final singing of the government and state-owned enterprises only, without the participation of social capital will inevitably fall into a vicious cycle, once the government stopped, there will be no economic growth. Same time, this will also bring a range of issues, including excess capacity, image project, the banks bad debts, fiscal deficits, inflation, and so on ... ....

Some analysts believe that large-scale local investment may lead to the acceleration of withdrawal of monetary policy for expanding investment in new start "cool." The liquidity crunch, would cause the government and state-owned enterprises continue to squeeze out private sector investment projects, lending to SMEs space.