International economy community for one amazing

The world are talking about a recent important financial scandals, unfortunately, it's protagonist is China. In adding China has Of both and more than 900 billion U.S. dollars. 30 years of reform and beginning up foreign exchange for most home attribute set in it. Already sent a advising, why not take evacuation measures? Private officials to take kickbacks very uncomplicated outcome.

Hong Kong CPPCC member Liu Meng Xiong financial experts to jot Liu Meng Xiong sternly asked about China's fiscal and financial regulatory authorities closed one: bankrupt, how will you unravel to the nation? so outrageous decisions have shady, Congress should swiftly organize a thorough investigation of the Special Investigation Unit, accountability!. The comment set off a mine as the engaged metropolis, causing the community, primarily the strong response of financial as well as the economic sector, but are in the upper high-level economic surround.

subprime mortgage crisis, the United States, the two mortgage mortgage institutions, China, the total holding up to the two companies comprised 376.3 billion U.S. dollars debt, accounting for 21% of the total foreign exchange reserves. International economic community as an amazing big scandal.

national data show that since 2004, China held U.S. debt has been rapid growth, from 2004 to 2007, 3 times the phenomenal growth, approaching a high of 922 billion U.S. dollars. Last year, only 2006 to 2007, China's holdings of U.S. bonds increased 66%. In the U.S. sub-prime crisis was from now on reveal ugly face on the morn of China still had a crush holdings of U.S. bonds to reserve generous. Who has such crazy huge foreign exchange reserves of China the right to treatment of, such as dementia, like outrageous to buy U.S. bonds?

same eastern countries of India, foreign exchange reserves is very objective, but in India the U.S. sixteen thousand thousand times, almost three trillion Hong Kong dollars. This money into the U.S.

internationally approved principle that foreign exchange reserves investment principles generally accepted safety first, dispersion is suitable, but the Chinese monetary authorities to shift more than twenty percent of foreign reserve investment in the U.S. , which is equivalent to most of the eggs in one basket. Current Asian financial crisis, Hong Kong and Southeast Asia property market collapse, but also sudden,

not just in one basket, this is the golden rule of financial investment common sense. Foreign reserve investment conviction is safety premier, sound comes first, the proportion of shredded building of yuan. But we are beautiful massive right by holding the State Administration of Foreign Exchange, Ministry of Finance, the People's Bank of China officials of the black sheep in common, all of these are master's and doctor!

on the red this point, what the Chinese people in India face to laugh! Ask something to Asan, its almost as huge Ah. In the end the scourge of the Chinese who suffer so, no, hit, and become the laughing stock!

joy of spring to what I am always on the grand gathering, the opening ritual did not engage what to spend money on posters, it is as nice as face into an unprecedented overstating? See their own disabilities, and anxiety that he might be rivals early fix and pernicious Achilles heel caught more than everything else,Lacoste Tennis Trainers!

I think: this exposure to financial scandals, in marrow, hit the Chinese economy is huge, and the morale of national positiveness against the big,Lacoste, simply to offset a large number of other completions of our own dissemination aura. This is not a general problem, not even any major blunders! Can not use the conception of failure, but instantly called in the Behind it is a serious dereliction of duty should be the nature of the strategic spy!

Chinese economists are doing, put forward by the so-called mainstream economists on the impact of the implementation of lofty policy, and eventually to who the final beneficiaries, who plunged into a deep discomfort to it? Those Experts in the end are doing, their base line and the true personality of who is in the end?

recent annuals, offshore activities of amuse groups are lively in China, activities of alien interests in China, means many-fold: some familiar with China's citizen conditions, clever use of always connections, attempting apt close apt the leaders by always levels, advertisement lobbying of the pertinent decision-making, paving the access for mercantile activities; some outdoor interest groups above the relevant ministries, traditions and scholars to give generous research funds and other means to empower them to use their research results and shock of the so-called foreign multinational group profit, paving the access , the relevant departments of China to influence decision-making and legislation. So China's economic specialists and economic officials, numerous of them depend on group profits, bribery, relying on appearance groups to do research funded by servant and foreign media, cautiously mantled, deliberately to build and invest the stage various activities to enhance the visibility, glory to become manufacture leaders in China, has a mighty voice, paving the way for domestic and foreign interest groups cry sign, brokers perform for a comprador, over the annuals have truly affected the real sector as well as national economic decision-making.

I always consider that the national economy in recent years, such a strange phenomenon and secretive action, adore of money is many more than the surface of experts, officials of dereliction of obligation so simple, it should be antagonists and hostile forces abroad carefully planned and tireless efforts, their strategies for financial success spy. This shaking of the U.S. bond scandal, but also reinforced my judge China's national conditions, accordingly, continue to wait for all-round short time limit down.




Attached: the United States to dead accompanied with the United States, the world's only decease, now, determined the result can only be God.

words say it?

anybody over-development of financial derivatives, leverage in-depth comprehending of the people, will be issued so pessimistic expectations.

CASS Institute of Finance provides the data show that secondary bond market derivative contracts to be distended to nearly 400 trillion, equivalent to 7 times the global GDP, high.

March of this year, I gave brain, called the pinnacle of financial derivatives, as it would not be one magnification. Subprime derivatives like an inverted pyramid, once the subprime mortgage default rates mushroom, the risk is multiplied, and with unfortunate consequences. However, in train almost impossible to value derivatives, because there is no active market.

the pulse of the financial marts the most exact grip of personage, and their pessimism, is it out of svelte air from it?

CCTV reporter asked while the subprime crisis and the development of the afterward tread, I said:

First, the United States ambition have scale up financial institutions bankruptcy. Second, the immediately spreading to the real economic, evolved from the financial crisis, the economic crisis. CCTV correspondent queried me

subprime crisis which affected China. My question is:

three implications. First, the subprime mortgage crisis led to the United States, Europe, purchaser claim, will decrease the backup of Chinese products. Either high or low value-added productions, value-added products, the downward trall over exports is laborious to lest, it is mandatory to encourage domestic demand. Second, the subprime mortgage crisis, the dollar will continue to fall,Womens Lacoste Trainers, the current commodities are priced in dollars, the depreciation of the dollar means that commodity prices. Meanwhile, a large number of peppery money in the expected depreciation of the dollar or the impact of devaluation, will stir commodities, pushing up oil, iron mineral and other commodity prices, increasing import prices of raw materials in China. Third, will China's chief market and financial sector implications, the loss of our financial institutions will continue to increase. Meanwhile, a large number of hot money entrenched in the Chinese property market, will leave. Therefore, the introduction of the policy can not retention the property market, the result can only save the property market is so hot money fled high, will the Chinese economy a destructive beat.

there are many problems, my answer is too keen, not broadcast, but given the time factor, and no longer multiplication.

do CCTV Oriental Space in this program, the Chinese Academy of Social Sciences Cao Honghui, mentor of finance by the analysis of the market is quite thorough, we subprime crisis and the prospect of injury to the same referee. However, one object, and I outlook him differently. Mr. Cao Honghui namely, in this sub-debt crisis, emerging markets such as China and India can make a feud. In fact, before this, some experts wrote that: The U.S. subprime crisis is equitable the opportunity.

I absence to mention is: It really is an opportunity, but there is a fussy problem can not be ignored: China has long strips!

According to public reports: China's foreign commute reserves of about 1 trillion in U.S. debt, including ABS 2000-3000 billion in bonds, plus the two mortgage companies companies $ 376,000,000,000 debt (along to the U.S. Treasury and the Fed in 2007 jointly issued the number one foreign creditors, holding 376 billion U.S. dollars of corporate bonds), foreign interchange reserves even at fewest more than 500 billion U.S. greenbacks in subordinated debt!

7 16, I was, , large potential risk. The report shows that from 2004 to 2007, China's holdings of U.S. securities from $ 341,000,000,000 to $ 922,000,000,000 three rotated, and the emphasis on bonds. In 2006 to 2007, China held U.S. bonds increased to 32%, while Japan holds the U.S. bonds is only slightly increased by 8%. Exposed in the subprime mortgage crisis is coming to the eve of grim faces, Chinese holdings of U.S. bonds is based on what?

blocked my treatises.

But then, our Hong Kong members of the CPPCC National Committee, financial experts, Liu Meng Xiong wrote Liu Meng Xiong asked about China's fiscal and financial regulatory authorities closed one: Now 'two rooms' is basically bankrupt, how will you explain to the nation? So there is no shady outrageous decision, the Standing Committee should conduct a thorough investigation immediately organized special investigation group, held responsible! He said: This is equivalent to most of the eggs in one basket. Current Asian financial crisis, Hong Kong and Southeast Asia property market collapse, but also sudden 'negative equity', landlords and banks suffer together, that housing mortgage itself is very menacing, even dangerous derivative securities products. Not just in one basket, this is the golden rule of financial investment common sense. Foreign exchange reserves investment principle is safety first, sound comes first, the proportion of dispersed structure yuan. But we are pretty heavy right hand SAFE, the Ministry of Finance, the People's Bank of China officials of the black sheep in general, all of these are master's and doctor!

about the dreadful consequences of the credit crisis,Womens Lacoste Observe Trainers, as early as 2007, I passed a massive number of publicly available data and information thinking, to conclude: subprime pledge crisis is a hideous bottomless pit. However, a more systematic and complete data and information more fecund,Womens Lacoste Shua Trainers, with more seasoned and more educated and more vocational group of government, bank and other relevant departments, but do not penetrate the subprime pledge crisis, the seriousness of the consequences of it not strange? This is the process in the sub-prime crisis, the relevant departments and banks of plan makers, not only do not watch the seriousness of the subprime crisis, merely also with the fancy of ​​bargain-hunting afresh and afresh and anew times jumped, buffet the muzzle. If this reach can still be forgiven simply because the fatuous, the answer is, if it is intentional it?

how the introduction of these decisions? Why do many decisions against China on foreign but is salutary. Opaque decision-making so that people lose the elementary right to understand and supervise some of the terrible secret operations so renowned.

the most outrageous is that in May 2007, even now built the China Investment Corporation commissioned its construction Huijin silver investment, 30 billion to purchase the U.S. PE tight Blackstone Group, 10% of the aggregate 101 million shares non-voting shares of common stock, the subscription cost of $ 29.605 per share. Today, this investment has lost more than half. Not already formally built a company, even such a big action. The wealth created by the people do with sweat and blood just like waste?

in the subprime mortgage crisis, China is exceedingly tragic loss, so even a chance that China could only stand and see it flow away, because our quilt or a wrong deal huge amounts of money, we have no longer be proficient to detect and seize the opportunity, but a huge worm! - In the hundreds of billions of dollars in wealth lost the battle afterward being spurned by most can only be a wretch!

immediately, even if the U.S. subprime crisis has brought opportunities, the Chinese had a accident to protect themselves, the deficit of funds of domestic enterprises, suffer a large deal, a lot of money knotted up in U.S. bonds, and some have been down the drain, where's the money catch the opportunity?

the stupid decisions, the amount of staggering wealth in China is used attach with the United States buried.

the U.S. financial crisis worsening every of domestic financial institutions and foreign exchange reserves are like meat, it is difficult to suppress the pain,Lacoste Swerve Lace Trainers! - If they know how to feel bad people to create wealth is not effortless, no pain is the basic function of the loss of words.

in CCTV in an interview yesterday, I highlighted the issue of transparency in decision-making.

our wealth to invest in the United States is based, even given the U.S. rating agent ratings, we fed so many colossal team of experts act? If our rating agencies, research institutions, not the status of the United States related businesses, profitability, latent hazards, a full assessment of development prospects, when entirely ready-made reference to the classification standards of foreign investment decisions, then our large and ponderous bureaucratic experts, decision-making team, it should be liquefied, rather than persist to be parasites.

maybe, only really attention about this country, people who care about the future of this country, the people can truly feel the pain out of hard-earned money to be lost.

in the subprime mortgage crisis spread from the financial sector, real estate, and is spreading to real economy, including fabrication areas, including the time for anyone without Huitianzhili, we can only accompany U.S. voicelessly awaiting the verdict of God!

days of sin, still may be excused; person sin, tin no live! Even if blocked, these words must speak out. National interests ahead of else, have a soul who have not alternative.