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What really caused the eurozone crisis?

World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011.

And that was in the year that featured the Arab Spring, the Japanese tsunami and the death of Osama Bin Laden. What's more, 2012 looks set to be not much different. But as eurozone governments hammer out new rules to limit their borrowing, are they missing the point of the crisis?

* The eurozone has agreed a new "fiscal compact"
* Eurozone leaders have agreed to a tough set of rules - insisted on by Germany - that will limit their governments' "structural" borrowing (that is, excluding any extra borrowing due to a recession) to just 0.5% of their economies' output each year. It will also limit their total borrowing to 3%. These rules are supposed to stop them accumulating too much debt, and make sure there won't be another financial crisis.
* But didn't they already agree to this back in the '90s?
* Hang on a minute. They agreed to exactly the same 3% borrowing limit back in 1997, when the euro was being set up. The "stability and growth pact" was insisted on by German finance minister Theo Waigel (centre of image). What happened?
* So who kept to the rules?
* Italy was the worst offender. It regularly broke the 3% annual borrowing limit. But actually Germany - along with Italy - was the first big country to break the 3% rule. After that, France followed. Of the big economies, only Spain kept its nose clean until the 2008 financial crisis; the Madrid government stayed within the 3% limit every year from the euro's creation in 1999 until 2007. Not only that - of the four, Spain's government also has the smallest debts relative to the size of its economy. Greece, by the way, is in a class of its own. It never stuck to the 3% target, but manipulated its borrowing statistics to look good, which allowed it to get into the euro in the first place. Its waywardness was uncovered two years ago.
* 3/9 Italy
Worst offender
* 5/9 Germany
First to break rules
* 6/9 France
Offender
* 9/9 Spain
Top of the Class
* But the markets have other ideas
* So surely Germany, France and Italy should be in trouble with all that reckless borrowing, while Spain should be reaping the rewards of its virtue? Well, no. Actually Germany is the "safe haven" - markets have been willing to lend to it at historically low interest rates since the crisis began. Spain on the other hand is seen by markets as almost as risky as Italy. So what gives?
* So what really caused the crisis?
* There was a big build-up of debts in Spain and Italy before 2008, but it had nothing to do with governments. Instead it was the private sector - companies and mortgage borrowers - who were taking out loans. Interest rates had fallen to unprecedented lows in southern European countries when they joined the euro. And that encouraged a debt-fuelled boom.
* Good news for Germany...
* All that debt helped finance more and more imports by Spain, Italy and even France. Meanwhile, Germany became an export power-house after the eurozone was set up in 1999, selling far more to the rest of the world (including southern Europeans) than it was buying as imports. That meant Germany was earning a lot of surplus cash on its exports. And guess what - most of that cash ended up being lent to southern Europe.
* ...bad news for southern Europe
* But debts are only part of the problem in Italy and Spain. During the boom years, wages rose and rose in the south (and in France). But German unions agreed to hold their wages steady. So Italian and Spanish workers now face a huge competitive price disadvantage. Indeed, this loss of competitiveness is the main reason why southern Europeans have been finding it so much harder to export than Germany.
* ...and a nasty dilemma
* So to recap, government borrowing - which has ballooned since the 2008 global financial crisis - had very little to do with creating the current eurozone crisis in the first place, especially in Spain (Greece's government is the big exception here). So even if governments don't break the borrowing rules this time, that won't necessarily stop a similar crisis from happening all over again.

Spain and Italy are now facing nasty recessions, because no-one wants to spend. Companies and mortgage borrowers are too busy repaying their debts to spend more. Exports are uncompetitive. And now governments - whose borrowing has exploded since the 2008 financial crisis savaged their economies - have agreed to drastically cut their spending back as well. But...
* Cut spending...
* ...and you are pretty sure to deepen the recession. That probably means even more unemployment (already over 20% in Spain), which may push wages down to more competitive levels - though history suggests this is very hard to do. Even so, lower wages will just make people's debts even harder to repay, meaning they are likely to cut their own spending even more, or stop repaying their debts. And lower wages may not even lead to a quick rise in exports, if all of your European export markets are in recession too. In any case, you can probably expect more strikes and protests, and more nervousness in financial markets about whether you really will stay in the euro.
* Don't cut spending...
* ...and you risk a financial collapse. The amount you borrow each year has exploded since 2008 due to economic stagnation and high unemployment. But your economy looks to be chronically uncompetitive within the euro. So markets are liable to lose confidence in you - they may fear your economy is simply too weak to support your ballooning debtload. Meanwhile, other European governments may not have enough money to bail you out, and the European Central Bank says its mandate doesn't allow it to. And if they won't lend to you, why would anyone else?

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In February 28th theSecretary of county Party committee meeting, Jieyang Experimental Zone of the main party attaches great importance to the leadership ,pro catch deployment ,the departments at all levels to implement the responsibility ,cooperate closely ,abercrombie paris,fight in coordination ,crack down on various illegal and criminal acts ,effectively promote the region social security comprehensive rectification work in depth .
District Party committee secretary Cai Yaoqing on February 28th and hosted by area members of the party and government bodies ,direct the Department is mainly responsible for people ,towns (street ) secretary ,alcalde ( director ) attended the District Management Committee joint (expansion) conference ,communicate seriously learning conference, research deploy whole area 2009 year deepen social security comprehensive rectification work .
Requirements of the region at all levels of departments should take powerful measures ,abercrombie,deepen ten regulation ,ensure the stability and rapid economic development .In order to strengthen the regulation of &ldquo ;ten &rdquo ;leader ,zone established by the district commissioner ,Secretary of politics and Law Committee, Xia Wei of director of public security general command of the deepening social security ten action command ,at the same time established Jieyang test area 2009 year deepen social security ten rectification work program ,further clarify the rectification work key and all levels of various departments work .
Experimental Zone of comprehensive management of public security organs play a role as the main force ,the police mobilization ,go to all lengths ,quickly set off &ldquo ;ten rectification &rdquo ;action climax, has dispatched police 386 person-time ,establishment of a fixed card post 2 ,inventory of entertainment ,rental housing ,louboutin pas cher,hotels ,Internet cafes ,hogan,car repair shop and other key sites in all 262 ;cracked various types of criminal cases 6, detained 11 suspects ,5 arrested ;destroyed 2 criminal gangs ,arresting criminal gang member 6 ;and public security cases 65 ( including gambling cases 24, punishment 125) ;seized unlicensed no certificate ,false licenses vehicle 150; the recovery of stolen cattle farm 2 head ( value 16000 yuan ) ,the stolen car 1, rob mobile phone 3 ,collection simulation pistol in 1,woolrich outlet, more than 30 sets of devices ,control tool to commit a large number of .
In order to ensure that the &ldquo &rdquo ;ten rectification ;to obtain actual effect ,experimental district public security authorities insist on &ldquo ;police followed the alarm go ,source control ,fast detection fast break &rdquo ;working principle,, key areas ,key period for implementing the precision strike ,give full play to initiative and the spirit of continuous operation ,louboutin,has taken a a series of measures :one is held substation leader and each unit &ldquo ;a &rdquo ;conference ,mobilization deployment of action ,put forward to make clear a requirement .
During the operation, Schell ,the District Public Security Bureau commissar Lin Xujian himself the supreme commander ,to the police station ,point card check ,outlet hogan,other members of the team led the Bureau of each hook station coordinated operations ,to carry out a full range of action ;in two ,Yung East Bridge Road Wangjiang exit card ,,strengthen the past suspicious vehicles and personnel .
,michael kors outlet;three is made pilot area public security organs to carry out armed patrol work program ,give full play to the social security comprehensive forces ,strengthen road patrol and plainclothes ambush combination ,low crime ,for breaking current cases ,severe blow &ldquo ;rob a stolen &rdquo ;case ,to deter crime ;four is to combat illegal gambling activities as the main line ,focus on tackling key and difficulty ,do not stay dead ,sac longchamp pas cher,not to stay hidden ,at the same time with the village police station also signed book of responsibility of ensuring that gambling ,sac longchamp,gambling problem does not rebound ;five is a complex public places one by one check, do not stay dead ,ensure one by one pass ,hollister;six is a group of public security police ,police organization ,strengthening for dangerous goods ,explosive goods of the safety inspection ,eliminate hidden dangers ;seven is the Criminal Investigation Brigade increase detection pursuit work force Degree of &ldquo ;therefore ,a stolen &rdquo ;criminal cases give severe blow ;the eight battalion of the traffic police is a joint fishing lake of unlicensed undocumented ,false licenses vehicle seizure attack, from fountainhead keep within limits &ldquo ,louis vuitton outlet;rob a stolen &rdquo ;cases .
Through a large number of investigation Bukong ,the District Public Security Bureau in the experimental area of armed ministry guest house successfully captured in the area had many times and prepare to go on robbery suspect Huang Mouda ( male, 23 years old ,Yangjiang city) .
The continuous interrogation ,Spaccio Woolrich,Hwang was finally confessed in 2008 12 at the end of test area the number of crimes of robbery crime; according to Huang to account,michael kors, in the experimental zone thickness and Chen Village Road side grass ,franklin marshall,extracting the tool watermelon knife 1, and captured its partner Lin Moubin ( male, 29 years old ,test Zone ) ;in the involved Huang Mourong ( male, 18 years old ,test area ,at-large ) home captured ied 2 ,hollister france,watermelon knife 1 ,motor vehicle license plate sealing 8 grains ,concentrated sulfuric acid 1 bottle ( 400 ml) .
At present, Hwang ,Lin Moubin has been arrested .February 26th morning, battalion of the criminal investigation branch and south of the river police station destroy robbery gang in 2 ,captured by Huang Moufeng and other 6 criminal suspects, seized for committing a robbery simulation pistol ,woolrich,recover the stolen mobile phone ,2 head of cattle farm ,piumini moncler.
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Miyun search mission to the &ldquo &rdquo presented pennants; knife.Our correspondent Lin Zhenhong taken 5 days is the Miyun liberation 60 anniversary day, Miyun Xunqin delegations from Guangdong Jieyang back to the cloud, cloud 430000 who brought back a good news: Miyun for years to join the liberation of Miyun “ knife even ” finally in Guangdong Jieyang was found,Spaccio Woolrich.
The relevant departments of Miyun, Miyun dagger “ ” in December 5,louis vuitton outlet, 1948 participated in the liberation of Miyun battle, take county east of North Point main task.After all the hundreds of soldiers fight a bloody battle,woolrich outlet, only 38 people.
The company was later CMC awarded “ Miyun knife even ” the title of honor.Thereafter, the army into the war of liberation of the flood, in Miyun people's sight.For decades, Miyun departments has found that the main gate of the original group of 429, it was Dong Cunrui's army,louboutin pas cher, now in the Jilin of Yanbian; as well as reinforcements original mandate of mission 427, it is the white Yihua's army, now in Jiangsu Wuxi plum garden,outlet hogan.
Only Hongyituan &ldquo,franklin marshall; ” (formerly the 424 regiment) &ldquo,abercrombie paris; Miyun knife even ” there has been no whereabouts.In September this year, carry out the creation of national ecological county of cloud of ecological civilization and the pilot county of Guangdong Province, county government delegation to Shaoguan to inspect the local ecological construction.
In the informal discussion, Shaoguan city hall deputy secretary-general Li Dejun heard the delegation from Beijing Miyun, inadvertently said: “ when I was a foreman, a &lsquo regiment; Miyun knife even ’.
” originally, Li Dejun is the year “ Miyun knife even &rdquo,hollister; the &ldquo ” Hongyituan; former head of.From the mouth of Li Dejun,abercrombie paris, led a team to inspect the deputy head of Miyun county to Wang Guangshuang, “ Miyun knife even ” Guangdong Province is in Jieyang city.
Wang Guangshuang immediately decided to ask Li Dejun for help, and &ldquo,hollister france; &rdquo and “ Hongyituan; Miyun dagger &rdquo contact.In November 25th,moncler, as the Miyun Xunqin condolences troupe, Miyun County Party committee deputy secretary Li Heping, a trip to Guangdong Jieyang &ldquo ” a relationship with him;.
“ Miyun knife even ” incumbent commander Bian Jinyong on behalf of the whole continuous cropping to commemorate the report.The delegation of close cloud people condolences to “ Miyun knife even &rdquo,hogan; presented pennants and engraved with the Chinese printing Olympic cultural heritage cliff stone model, and Hongyituan signed “ to build military agreement ”.
“ Miyun knife even &rdquo,sac longchamp pas cher; then to Miyun presented with bloody Miyun scenarios for the relief of souvenirs.Li Heping tells a reporter, over the past 60 years,louboutin, the 38 soldiers or because regroup,abercrombie, or because of demobilized, information has been difficult to query, but the Miyun people never forget their blood relatives of Miyun earth.
All the time since, Miyun people hoping to liberation of Miyun team expression of gratitude, as did not forget the kindness, “ this wish has finally reached.” “ “ &rdquo Hongyituan; Miyun knife even ” now part of the people's Liberation Army an army of some two battalion,.
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...... Just sitting on the shore ,watching a catkin, traveled back to seven years ago ... ... Beautiful encounter everyone in life will encounter one person at a time ,touched the hearts that long .
.. ... That June afternoon ,the sun shines into the office through the window ,the window leaves also hung his head, as if to go to sleep .Yuqing idly sit by the side of the computer ,she just learned to surf the Internet ,I feel pretty fresh .
Because likes English ,she entered a Yahoo! Chat room ,found draped words .Occasionally she had a name to say Hi ,mercurial vapor pas cher,the man quickly replied to her words .Two people chat in English again ,he asked her name ,she said you guessed it ,then she tells him a story ,telling a lot, she asked him what is, he says he is a sailing&nbsp ;boy ,wearing glasses ,like reading books .
He was at the other end of the earth ,and his hometown in the north, is a winter snow covered place ,so he likes snow .But has been away from home for several years ,now the winter he dared not come back ,because it is too cold .
Time passed quickly ,louboutin,not how long work time arrives, they say goodbye .After several days ,every lunch time they would like the Internet, talk with each other about the topic not to the point ,but she still didn everything he want to know .
One day, she and her colleagues playing together, suddenly received a strange phone call .A phone call from her gentle words ,he offer house ,tell their own online name ,and tells her that he called dust .
I don ,because the phone ,let her heart some acceleration ,the soft bass like rain soaked her mind .From then on ,every day they will meet, will be able to talk ,if which day can not get on the Internet ,he or she will write to tell each other .
Although no one say words like love ,but love seeds have been secretly planted ... ... His songs are very good ,by Mike that he gave her to sing many songs ,each time she would burst into tears .
,supra.. ... Every day ,she began to miss him ,sometimes online that end ,she can hear him sad voice ,just two people with great care to avoid speak their mind that look forward to .Day into January, January into a year .
.. ... It is in this disguise and missing the days passed four years ,.Finally one day ,he wrote her a message ,telling her he quickly returned home ,asked her if she wanted to see him ,if you want in the X month X day to Beijing .
Despite being in the bottom of my heart think there is such a day ,but when the moment finally comes, she is nervous .There was a sense of fear ,what is fear? She doesn ... ... She asked him ,miss each other better ,you are going to meet or to miss ?He said :I wanted both .
.. ... Rain is still some hesitation ,scarpe hogan,one day when they met again on the net ,she asked : why should I go to see you in Beijing ?Give me a reason . He said : because I wanted to see you .
She asked : have you ever dream of me ? He replied : Angel ,&nbsp ;hundreds&nbsp ;of&nbsp ;times ... ... Finally she decided to go to see him ,because in her heart has been an unsolved knot ,she hopes that she can hear the answer he gave .
In those days, her mind is always the word :See&nbsp ;you&nbsp ,moncler;in&nbsp ;Beijing .To love when the seed of love quietly plant ,even the lightest one duty ,will let the seeds germinate, tenaciously drilled on the ground ,supra shoes.
When the plane in the air through ,she sat at the window watching the clouds in the sun emits bright lights ,abercrombie,such as snow-capped mountains as fast, heart also raced, moved closer to him, the dream in a shadowy figure to appear in front of it, to see his moment will be how a scene ?He spread out his arms to embrace me ?The plane landed with the crowd ,she walked out of the airport, gaze at the airport crowd looking for arms ,saw many flowers ,but not in the photo face .
He will come to meet her ?She walked in ,while the crowd at the exit of the search ,she finally saw the face !He stood there with arms folded ,seemed not to see her ,she darted forward, finally he turned his eyes to the side ,she smiled and said hello to forward .
He is like a gentleman to say hello ,and then find the car .While waiting for the bus ,she always smiled shyly down ,his hands clenched package ,long hair was spread ,blocked her face ,black and white vertical stripes fell on her white skirt .
He stood beside her ,at first did not speak ,then he stretched out his hand and pressed her shoulder ,and said: is it right? So nervous ? She didn ,still hung his head ,he nodded ,he smiled and said , I also like .
She raised her head ,stole a glance at him ,he was a nice, eight two meters tall ,standard North man ,wearing a glasses ,the eye in the smile ,the neck is a thick necklace ,if you do not know his identity ,she mistaking him for the next big the boy .
The car finally came, he in front of the crowd to see to ,she could not follow in his footsteps ,he stopped and seized her hand ,her heart was shocked ,timidly let him hold through the crowd and walk to the car .
To the car, she asked : where are we going? He said : you guess . She smiled and said : I don . The car through the crowded streets ,then stopped ,when she was he led the Summer Palace to the front door, she found the answer .
The the Summer Palace and south of the garden is different, do not seem to think so beautiful ,ancient path ,less delicate and beautiful ,playing for a while, and together they sat down by the lake .
He held her hand ,fingers gently in her hand to write her name : ,again and again, he seems to be all the feelings are poured in those two words ,it seems cans not in the dream .Don know he really missed her ,just feel the gentle strokes ,in thought .
She looked at his profile ,he looked at the lake ,some misty eyes . May I ask you a question ,moncler?This dust . Her question seemed to him for a while back to reality ,he said , OK, you ask me .
I don have half a year to suddenly disappear ?I thought about the problem for a long time ,always want to hear your answer . Because I am wrong ,louboutin pas cher,I want to let myself not to think about you ,so I did .
I gave her half a year after half a year ,if my heart still think about you ,I will give up this fight .But after half a year ,I still can not let you go ,I think, to go along with it ,there is no right or wrong .
So I decided to come to see you . Then you lost half a year what really happened ?Can you tell me ? Time for me is the most painful when ,in order to find peace of mind, I began to believe in jesus .
I desperately tried to keep yourself busy ,to cool themselves, let myself forget . Why believe in Jesus ?You are always not to believe in God ? I want the heart has to ,but when I see the desert ,I think that people really have fate ,life all suffering is you should suffer ,.
Because of this word, her tears down a nasty brush . Also includes the hardship of missing ? Well ,it a part of life . ... ... Time flies ,there are a couple of hours ,they will face a short reunion after the parting .
From the Summer Palace ,he took her to go for each bought ice Tang Hulu ,two child on the way such as eating ,chatting, laughing .He asked : is it right? Hungry ?We go to eat roast duck ? She nodded , yes ,I also like to eat Beijing roast duck .
On their way to find a poly Ford Hotel ,little duck ,she watched him carefully pick up cakes ,roast duck sauce packets ,coated ,put onion and cucumber ,then handed it to her , ,here should be in the country is the most delicious .
The moment she felt herself into a beautiful princess ,and her prince is take care of himself .She moved to take over a bite ,the smell is seeping into the heart ... ... There are two hours she would seize the opportunity to leave ,after dinner ,they hurried to the airport .
In the waiting hall ,she was away sugar fried chestnut ,he ate two ,see more and more people, he says that we are looking for a place to sit down .Find a quiet corner ,their four eyes ,tears blurred her eyes again ,he put his hand over her ,gently on her forehead and cheek kiss, he did so holy, seem to want to in her face always engraved with his name .
He comforts her to say : don ,you are a good take care ... ... When the tears like rain cat and dog swept down, he gently picked up her head ,kissed her tears ,his eyes welled tears also ,outlet hogan,started singing softly : I will always love you .
.. ... Finally, his voice choked up ,she stretched out his hand ,touched his face , don .I want you forever engraved in my heart . , he said , who said I cry .I am never cries . This sentence she chuckled ,he took the opportunity to say : Oh ,look at you ,like a child ,sometimes cry, a laugh ,go and wash your face ,I can see you cry and leave .
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Libya was declared "liberated " by the Transitional National Council (TNC) three days after Gaddafi was arrested and killed on Oct. 20, 2011. But local media reported that there were more than 1,000 pro-Gaddafi militiamen still operating in Bani Walid.

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Two motherswant money ,but she does not take the right path, let uncle arranged blind fortune kite ,pretending to be poor ,ragged beggar for money ,a home for not more than, ten many ,begging money faster than doing something .
But the two girls were not satisfied ,see other people rich do not feel comfortable .Turtle is very valuable ,two mothers see people raises turtle to earn a lot of money ,you want to steal the turtle di .
Juwan did not dare not to go ,to be caught, run to also cannot run ,urgent knelt down by two mothers teach cry :there are eighty mother ,a sick child ,piumini moncler.Watch turtle were not put ,then simply threatened :we don do the wicked things ,if a man throws a bottle of pesticide ,turtle may have died ,who check out? So say ,see turtle really afraid,mercurial vapor, very polite to Uncle walk ,pass a cigarette and said: to steal steal from others ,and then can my .
Uncle said :even feel shy ,feel shy .Hand over the face run .Not to steal a turtle ,also be seen turtles caught ,Turtle Hook forgot ,and feel shy to take .See uncle didn turtle to have lost the turtle hook ,two mothers think off ,also let uncle steal, said: how the night to steal money turtle hook back to money ,work tired ,steal the turtle to sell money soon .
Uncle died not to ,louboutin,two mothers hate hate to scold .Two ladies teach second sentry, to steal,hogan, and so on a di whisper ,ask Uncle can remember .Uncle half-believe in nod .Two mothers are not satisfied then asked Uncle :what I said just now ?Uncle says not to come out, be two mother scold ,and teach him ,ask again ,abercrombie.
Uncle said and about a two .Two mothers with only the turtle card ,put on the bait to turtle sugar direction to touch .Two mother pond along the road while wearing the turtle turtle decoy card ,after a while ,she was found to have a turtle bites ,hurried away, saw the hypertrophy of the old turtle ,gets excited stamping on the pond mud, mud splash in the quiet night ,hear very clearly .
In two she broke out in a cold sweat ,moncler,a placing ,but knocked the wall broken basin , bang see turtle is trying to sleep ,hear ,louboutin pas cher,busy with a torch run out .Two mother was carrying the old turtle ran ,outlet hogan,but they can run ,was caught ,the wallet .
Have a look at the turtle man is a woman ,and is a beautiful woman ,is also not good to play .Just put him by the hair not to ask: how do ?Two mother said to find the toilet, but she is holding a caught a reluctant to throw hook on the card old turtle ,old turtle was craned quadrupedal pedalling .
He flung aside .Two mothers know to deny it .You cry to say: husband of the cancer the teller says ,in the midnight ,supra shoes,stole the turtle as medicine introduction can cure ,no way ,poor ah .
But turtle does not forgive .Two mother wanted to use the beauty ,deliberately opened the chest ,his chest milk to seduce him .Watch turtle lewd ,shining eyes to look ,hate not to drill in .
She was secretly pleased :fell into the trap .So I closed my eyes ,see turtle who knowingly to * * * kiss .Two mother pretended to wake up suddenly ,is to give him a slap surprised scold :Rogue ,I want to tell you .
Uncle press an appointment was punctual with sticks out .Watching the lake scared knelt down and said : please let me go ,I have a sick old mother ,have children .Have a wife child also be beasts ,.
When the two mothers teach words again .My wife knows not castrate me, please forgive me .See the turtle is afraid of wife of the Lord, but he did not like the uncle,scarpe hogan, was also a taste of another woman ,his wife than ugly woman wants to try ,try different colored woman taste ,like to eat vegetables, eat every day, no matter how good the food also want a change ,can then see another woman eye dare not ,and see the turtle who dares to want to also dare .
Two mother pretended very angry say :see you are poor ,lose loss fee .Watch turtle who want to hurry up ,hurry asked :how many lost ?Not much, five thousand ,five thousand .Two mama said .
So many ah ?See the turtle to say .Also many? Or you .Uncle put two mother prior to teach words again .I have only two thousand ,not so much how to do ?See the turtle said .Two thousand two thousand .
Uncle want : see turtle also did not account for two mothers bargain ,stealing what still take a family claims ,they are the bargain ,they immediately agreed to .Two mothers gave a kick kick Di Di :you give me shut up ,who let you speak, you are a loser, wife be killed also help people speak .
And turned to look at the turtle said :it can be big, so that what is attempted, crime ,now science developed ,you touched me and evidence ,can check it out ;if you don ,I had not changed his mind before quickly took five thousand, otherwise I change my mind you never eight thousand are not .
Now I have no money ,moncler,money is in my wife there, or you got me on my knees ,that later .Two mothers see turtle really have no money just say :Well, I don ,I will step back ,take two thousand ,the remaining issue ious .
See the turtle man afraid make out wife know off his skin ,had to take money to write iou .Two mothers take IOU and money ,get dumped by the live mix has not run old turtle back to uncle took home happy .
Watch turtle people seeing two mother uncle money ,the IOU and old turtle leave ,ready to say :the old turtle left .Then I thought :due to eat ,but also care about an old turtle ,say ,don come back ,just a stomp thought: all fall down eight lifetime enzyme ,only kiss tender milk half lose many ,too soon .
Two woman to come home ,the feet of wind .Uncle pull behind trot out to say :This is not good .Two mother not to think it as shameful ,but proud to say :what is not good, you are the pig brains to come up with such a good idea ?Let others to kill ,you can turn the tide and others clever wife .
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christianulouboutinesoldefr.com The remainder of the dust

Libya was declared "liberated " by the Transitional National Council (TNC) three days after Gaddafi was arrested and killed on Oct. 20, 2011. But local media reported that there were more than 1,000 pro-Gaddafi militiamen still operating in Bani Walid.

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Faced with this severe disease, here are some everyday measures we should take to stay healthy. First, cover your nose and mouth with a tissue when you cough or sneeze. Wash your hands often with soap and water, especially after you cough or sneeze. Avoid touching your eyes, nose or mouth. Germs spread that way. If you get sick, stay home from work or school and limit contact with others to keep from infecting them.

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a common response to the financial crisis.

&nbsp,sac longchamp; the United States Department of Commerce from 13 to make final decision on the production of seamless steel pipe, China 13.66% to levy anti-subsidy tariffs of 53.65% and 48,louboutin pas cher.99% to 98,franklin marshall.74% of the anti-dumping duties,louboutin.
In February this year,louboutin, the United States Department of Commerce preliminary on Chinese seamless steel pipe 11,.06% to levy anti-subsidy tariffs in April 12.97%,louboutin pas cher, and the first on Chinese seamless steel pipe 32.
39% to levy of 98.37% anti-dumping duties,supra; by contrast,air jordan, the United States Department of Commerce final to determine the "double reverse" tariffs were higher than the preliminary determine tariff.Seamless steel pipe for tap water,louis vuitton, petrochemical,sac longchamp pas cher, petroleum products and natural gas and other industrial pipeline system,.
In 2009,louboutin pas cher, the United States of America seamless steel pipe imported from China to the total value of about 182000000 dollars.According to the United States of America trade remedy case processing program, the United States Department of Commerce from 13 to make the final,supra shoes, the United States International Trade Commission will make the final decision, the United States Department of Commerce in China after be produced Seamless Steel Tube anti-dumping and countervailing duty investigations and to release.
In August 31st,abercrombie, the United States Department of Commerce ever rejected Chinese aluminum coated paper and spread the RMB exchange rate is to make unfair subsidies investigation, but preliminary on Chinese aluminum 6.
18% to levy the countervailing duty 137,louis vuitton outlet.65%,.In addition, the United States Department of Commerce announced earlier trade remedy measures to strengthen the 14 recommendations, involving anti-dumping, countervailing trade relief measures, the core including the elimination of foreign export companies to individual in the particular case of anti-dumping or countervailing duty exemption content.
The United States announced 14 recommendations,sac lancel, which the Chinese Ministry of Commerce said a number of recommendations for non market economic country, China expresses grave concern to the United States; frequently initiated trade relief measures, China made representations on many occasions, asked the us to abide by the consensus reached between both sides,louboutin, oppose trade protectionism, a common response to the financial crisis,lancel.
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And multinational cement company is different

&nbsp,louboutin pas cher; standard investment bank (SIB) recently released East Cement Market Research Report,, the prediction of local cement companies such as to maintain strong expansion situation,sac longchamp, the future may seize the multinational cement company for about half the market share,sac longchamp pas cher.
And multinational cement company is different,louboutin, the local cement company can only be based on development,lancel, while the former can choose in other regional expansion,louboutin pas cher.East Africa's largest cement company France Lafarge group holdings of the Banbury cement company,, market share may be declined from 55% in 2005 to 38% in 2015,supra shoes, and a local Mombasa cement company's market share is expected from the current 13% to 14% in 2015,abercrombie france.
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create the visual guide floor.

&nbsp,louboutin; lenticular plastic just change the angle of view can show dynamic images,air jordan, so it is often used in business card or uncorrected 3D effect,louboutin pas cher.From the Japanese Communications University researchers will take the lead in the lens of plastic used in large area in public places,supra, create the visual guide floor,abercrombie france.
This floor can be used in applications such as train stations,louis vuitton, subway stations,sac lancel, cinemas and other places with more people,.When people walk in the above,louboutin pas cher, with the view of transformation,louboutin, the under floor patterns will also change,franklin marshall, so as to guide people in accordance with the established direction,abercrombie.
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now the fiery market, many projects are taking advantage of buy a house people enthusiasm, secretly price money.But reporters yesterday in Nanjing real estate market is found, a sale of outskirts of a city to attract investment, has declared that "against the foam" have low dumping.
Insiders said,louboutin pas cher, although the price has attracted many eyeballs,louboutin pas cher,burberrysoldesufrance.com dive to a depth of 22.1The Syrian leadership said it welcomes any peaceful initiative but on condition that it receives international assurance that the opposition groups, or what it calls as 'armed terrorist groups,' would take an initiative in observing the truce., but buy a house or care for the good.The name is Earl resort market in Southern Ningxia Lukou plate, the reporter is located in its Hongwu Road on a billboard for see, the market hit the slogan was "shocked": "against the foam, with action to protect the market".
A pass by people laughed and said, "this event to wear their 'hat' is too high,mercurial vapor!"For the advertisements as "villa all 800000" slogan, many people said, now ordinary people buy a house to buy a city apartment has little bear, who would have thought to suburbs to buy a villa?"If prices lower, probably will not consider.
"The reporter then consult the property sales offices,burberrysoldesufrance.com take bribes and bend thThe Syrian leadership said it welcomes any peaceful initiative but on condition that it receives international assurance that the opposition groups, or what it calls as 'armed terrorist groups,' would take an initiative in observing the truce., a sales person to call a spade a spade, their advertising is specifically for investment."There were left over 20 houses,abercrombie, developers hope to sell as soon as possible,hogan, so making the villa all 800000 slogan," the sales staff also said that, at the beginning of last year prices departments give price is 6700 yuan per square metre to 7200 yuan,mercurial vapor pas cher, which they had been to 4000 yuan price sales,air jordan pas cher, since this year is not go over, now the price at around 4300 yuan per square metre.
"Developers winding purpose is to return the funds, and then in the city to get, do not yet what the development," the sales staff said,air jordan.Nanjing blessed house investment company general manager Shi Dong said, now the Nanjing real estate market to be in full swing, is in the hands of developers "disc" shill "starvation", and the hands of the enterprises to follow in the land market management,, had to contend for a "fight at outrance", and with "capital" is better than who funds.
Shi Dong said, some small and medium-sized real estate enterprises tend to adopt the marketing strategies of price index funds,burberrysoldesufrance.com unified assemblyThe Syrian leadership said it welcomes any peaceful initiative but on condition that it receives international assurance that the opposition groups, or what it calls as 'armed terrorist groups,' would take an initiative in observing the truce..According to his understanding, Jiangning, West,outlet hogan, there are also some developers to reserve land,louboutin, temporarily lowered prices in exchange for sales,louboutin.

What is the reason that caused the decrease in imports

&nbsp ;the Baltic Dry Index BDI ,also called dry bulk cargo transportation market index ,the index is currently the world measure of international shipping situation authoritative index ,is a direct reflection of the international trade situation of the leading index .
If the index is significant to rise ,franklin marshall,economic situation good states ,international trade hot .Whereas the conclusion will instead .In less than 20 days ,the Baltic Dry Index dropped two to many ,this is what causes ?See CCTV channel of Finance and economics correspondent .
Yesterday, the Baltic Dry Index finally closed at 3288 points ,and this is known as the international trade barometer the index in May 26th or 4209, in just 17 days, it fell more than 21% ,fell to the lowest since April 28th .
Analytic personage thinks ,the crash is seasonal factors and iron ore trade decline combined action result .Yongan Futures Research Institute Vice President Ding Ding : at this time as international grain transport in fact in a gap ,for example South American export basically completed, the United States there is no new crop down ,on the other hand ,sac longchamp pas cher,India Ocean from June to August was actually a monsoon climate influence ,louboutin pas cher,this time for shipping effect is indirect ,the reduction of iron ore trade on the Baltic shipping index is a certain drag .
In international ocean shipping ,bulk cargo proportion is the largest iron ore ,coal and grain ,abercrombie,the iron ore is the largest, accounting for nearly 70% ,the iron ore trade price tend to directly drive the Baltic Dry Index fluctuation .
China as a major importer of iron ore ,the iron ore imports continued to decline ,as the Baltic Dry Index dropped one of important reasons .While in the Baltic Dry index proportion in the second only to iron ore coal ,China import volume also appeared to drop substantially .
Ningbo Customs Statistics Director Ye Yun : from the May data reflect circumstances ,it has a decreasing trend ,and the range is quite large ,I have here a data ,the May Ningbo Port imported coal 305000 tons ,drop compared to the same period 34.
3% ,annulus comparing drops 20.6% ,this very large amplitude . China decrease pull low index of China Customs 10 according to figures published on May ,our country iron ore and concentrates import volume is 51900000 tons ,than in April decreased by more than 6% ,and the second consecutive monthly decline .
What is the reason that caused the decrease in imports ?Our correspondent in Ningbo ,Qingdao and other major import iron ore port were investigated .The recent Ningbo port iron ore import a group of data display ,louboutin pas cher,from iron ore monthly imports trend, oscillatory recedes the situation, imports in March reached 3464000 tons of high, after 4 ,,May small fall after a rise ,to May imports fell to 3063000 tons ,,were down 6.
8% .In the iron ore import of another important port of Qingdao ,the customs statistics also show ,experienced in the 4 months before the volume increases ,in May iron ore imports have been a U-turn downlink .
Qingdao Customs General Statistics Office Ma Yongsheng : the import volume is 12640000 tons ,than last month, is a decline of 18,louboutin.4% ,should say decline is relatively large . According to industry analysis ,in May iron ore imports a quantity to decrease ,due in part to the forward export volume growth too fast ,this year 1 to in April ,iron ore imports increase compared to the same period 11.
6% ,further fall in demand .Yongan Futures Research Institute Vice President Ding Ding said : such as iron ore on the one hand ,because China is now in a relatively high inventory of a situation ,so that many of the importers is no replenishment of a need .
What is interesting, with iron ore imports a quantity to decrease, the price of iron ore are rising .Qingdao Customs General Statistics Office Ma Yongsheng : price has been a rise in status .
February is still below $one hundred in April ,3 ,more than $one hundred ,abercrombie france,reaching US $127 by May . Odd even more than that .With the iron ore prices correspond to, is the domestic steel prices decline ,in June 9th, following the Baosteel ,WISCO,franklin marshall, Anshan Iron and steel announced in July the price policy ,the mainstream products ex-factory price per ton in 300 reduced to 1200 yuan ,drop and Baosteel quite .
Three major steel mills to cut steel ,for the year to come first ,but the magnitude of the previous also does not see more .Iron and steel plant so high into a low ,iron ore import power of natural decline .
In addition to the domestic steel demand has been shrinking ,according to the China Automobile Industry Association statistics, China production since March has been for two consecutive months of decline, in May domestic auto production is lower than the ring 9.
4% ,the demand for steel is reduced ,supra.Yongan Futures Research Institute Vice President Ding Ding : from China with such a situation, that is to say the expected iron ore consumption may be relatively low, so that home is taken or is in production ,maintenance of these to reduce this amount of trade .
Since the middle of April, the state control of the real estate industry ,the construction steel demand is reduced substantially ,to force a direct inhibition of iron ore imports ,which partially pulled down the Baltic Dry index .
Tariff fall in small boat look forward to will stop the Baltic Dry Index generally speaking is a shipping price index ,louboutin,the index fell ,marking the ocean shipping downturn, this round of decline for many domestic shipping enterprises, especially some small shipping enterprises directly felt enormous pressure to operate .
With the view of the reporter .Since May, Ningbo middle and small shipping company already felt the shipping prices continued to decline caused by the pressure .Zhejiang province Ningbo Tin Shing Shipping Company Limited assistant general manager Chen Ji : the words ( mid May ,coal price ) is in ,we are mainly run Indonesia ,freight rate is probably at $13 per ton ,according to the present, tariffs or decline, we expected that may be in the ( down to 9 ( dollars) per ton ) .
Zhejiang province Ningbo Beilun Shipping Company Limited General Manager Chen Kuifang : our individual, declining profit margins are around 40%,louboutin, to tell the truth ,louboutin pas cher,oil prices and labor costs are rising trend ,louis vuitton outlet.
We the profit space of the enterprise already very small ,many enterprises are in the maintenance of ,if you decline, as our business here is full stop . At present in Ningbo ,because the shipping price decline affected enterprises in minority .
Zhejiang province Ningbo City Port Authority Deputy Director Yao Yueyun : our city a total of 131 shipping enterprises, the total tonnage exceeded 4060000 carring capacity ton ,overall we Ningbo shipping enterprises to private enterprises ,mainly small and medium enterprises, so this wave of the shipping enterprise is still relatively large impact .
Iron ore price rise unpredictable middleman and increased risk of iron ore demand resulted in the decrease of trade volume decreased and freight is reduced ,thus lower the Baltic Dry Index ,and the Baltic Dry Index and may in turn affect the price of iron ore ,the reason lies in the index is an index of go ahead of the rest ,once the iron ore prices,sac longchamp, the iron ore stone imports middleman possible ore hit in their hands ,risk self-evident .
With the view of the reporter .Qingdao Customs General Statistics Office Ma Yongsheng : ( the Baltic Dry Index ) it is a leading indicator, that I may not be reflected in the current ,directly affect the domestic iron ore import prices ,but I was late ,within a month or two months ,immediately ( immediately ) is reflected the .
According to Ma Yongsheng analysis ,although the price of iron ore imports remain high ,and belongs to the oligarchic, is not totally determined by the supply and demand situation, but if the steel prices continued in the downlink channel ,coupled with the macro-control needs ,do not rule out the entire industry further compression capacity may ,then the middleman high price of iron ore imports may not be able to find a buyer ,then hand will appear the phenomenon of pressure in Hong Kong and iron ore ,iron and steel enterprises default risk also increased ,supra shoes.
Qingdao Customs General Statistics Office Ma Yongsheng : some large-scale iron and steel enterprises ,it is mainly to do some long-term agreement price ,but at present domestic iron ore spot market price is now declining port ,louis vuitton,obvious ,may fell more than 10% ,within a month ,lancel,10% to 20% .
That I may not perform long-term agreement price ,I may directly from port took the spot price . According to industry analysis ,due to the three iron ore giants when rise in price offered to give up the long-term agreement price ,so once the iron ore prices ,steel companies may also have flexible procurement of iron ore spot ,at that time who paid a high price for iron ore is in trouble .
Qingdao Customs General Statistics Office Ma Yongsheng : June, Rio Tinto reported to the domestic enterprises to the iron ore price ,is the 3 quarter of a long association price ,also a record high ,( ton ) of $147 ,this is just a fob ,.
If this is the case ,I ( steel enterprises in domestic sales ) itself is not good ,profits are at a very low state, I can not accept such a high price of long association ,I can only in the domestic market domestic ports to purchase a number of spot .
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the agreement will help promote joint venture.

&nbsp,abercrombie; German and Australian competition regulators expresses 21 days, because of BHP and Rio 6 month just submitted a joint venture for materials,lancel, they will be extended on a joint application review time,sac longchamp pas cher.
But BHP also announced yesterday,louis vuitton outlet, has been with the Western Australian government raised a royalty agreement,supra, this agreement will contribute to the extension of the two combined process,.The Australian iron ore giant BHP and Rio venture plan long time face from the Australian and European antitrust review.
Yesterday, according to foreign media reports,franklin marshall, the German Enterprise Management Bureau (GCO) and the Australian Competition and Consumer Commission (ACCC) 21 Daily said, they have extended the application combined with Western Australian mining giant Pilbara iron ore business review time.
The GCO program in October 31st before deciding whether to approve the establishment of a joint venture deal, the German antitrust orgnaization says,louboutin pas cher, need more time to analyze market,franklin marshall.At the same time,abercrombie france, the Australian government will also be in July 22nd before the joint venture enterprise application for assessment, reason is two companies in early 6 to file the necessary information,sac lancel.
The European Commission also in joint ventures are reviewed,louboutin, but not on the examination schedule comment,louboutin, "said the investigation continues".But also in yesterday, two extension on its official website announced,, has been with the Western Australian government raised Pilbara mining area use rate increase to reach an agreement,louboutin pas cher, whereby the powder iron ore values of 5,air jordan.
625% and 7.5% of the value of the piece of iron ore,sac longchamp, the standard rates will begin in July 1st this year to implement.Joint venture project is in the area of Pilbara,louboutin, the extension of the two claims,, the agreement will help promote joint venture,louboutin pas cher.
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the "two rooms"

Chairman in August 6th by House Democrats Matthew? Kapp Tour's open letter says,moncler, the United States housing reform work should focus on providing for mortgage loans securitization market, can have a variety of organization forms of substituents have been taken over by the government of the mortgage finance giants Fannie Mae and Freddie (referred to as: the "two rooms").
The United States government plans in 2011 January to Congress a comprehensive housing finance market reform proposals.To avoid the systematic risk Bernanke said in the letter, the reform of the housing financial system should focus on government guarantees to provide accurate, clear and risk based pricing,hollister, and should create a related system for mortgage loans offer stock market turmoil, even so should,burberry.
He felt congress discuss replaced Fannie Mae and Freddie Mac will have a variety of plan,.There are various forms of organization can replace the "two rooms", these organizations in providing mortgage credit at the same time does not arise with the past such institutions related to the systematic risk.
Bernanke also said the United States Treasury Secretary Geithner for the United States,jordan pas cher, to support the housing finance reform proposals.The United States market bubble rupture triggered by the financial crisis, "two rooms" for debt, and in 2008 September has been taken over by the government.
So far, the "two rooms" has received the United States government 145000000000 bailout loans.Because of long-term stock price below regulatory requirements at the lowest level,mercurial vapor, the "two rooms" in June from the New York stock exchange delisted.
Geithner expresses 2 days, Fannie Mae and Freddie Mac will eventually achieve "major" structural reform,mercurial vapor pas cher, but in the housing market remains weak,, should not be eager to action.He thinks, mortgage industry always needs some government support to provide a reasonable safety, to ensure that the borrower even in a recession is also able to obtain housing loans.
Different financial institutions to implement different rules is one of the main reasons that led to the financial crisis, the future legislation relates to various government agencies in the formulation of rules and procedures, a key objective is to ensure that all relevant financial institutions in financing are pursuing the same set of rules.
The market for economic recovery but Geithner said, "Fannie Mae and Freddie Mac will round out the fundamental change, but we must also ensure that well in advance of the housing market of repair work.
We still have a lot of work to do, the housing market is very important for economic recovery."The United States housing market in the early months of this year, by the support of the government policy to promote warmer, but with the United States government purchase rebate policy expired in April 30th this year,burberry soldes, the United States housing market has declined.
Economist thinks,air jordan, are affected by high unemployment and other factors, the United States housing market is still weak, and will continue to drag the pace of economic recovery.At present, Fannie Mae and Freddie Mac and the Federal Housing Finance Agency is guaranteed 96.
5% housing mortgage loans, "two rooms" on the housing finance market role play a decisive role,air.The United States government plans in 2011 January to Congress a comprehensive housing finance market reform proposals.
In the drafting, the government will be fully solicit opinions from all sides, and in the middle of August invited academic experts, consumer and community organizations, industry organizations and other aspects of the representatives,, on the housing finance market reform problems some suggestions.
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Greece has become the European version of the Lehman brothers .Although after the national economy and enterprise performance is still strong ,but the global stock market crash ,the international bulk commodity price the depth call-back ,the panic rising ,global financial markets seem to be involved in the Greek debt crisis to the point of no return ,volatility in financial markets or will delay the recovery of the global economy footsteps .

state assets minus liabilities

according to the report, HSBC Greater China chief economist Qu Hongbin and Chinese economic system reforms seminar vice-chairman Fang Gang in 8 days of held 2012 Beijing fortune forum, to counter recent foreign media called the Chinese economy could collapse point of view, they think,louboutin pas cher, current China macroscopical policy still has very large space, the local debt risk controllable, the economic downturn has little space.
China Federation of logistics and purchasing, the National Bureau of Statistics survey on the service sector Center released in August China Manufacturing Purchasing Managers Index (PMI) 49.2%,supra shoes.This is the PMI index from the last year for the first time since November, below 50%, to its lowest level in 9 months.
Some foreign media accordingly throws Chinese economy may collapse point of view, BBC said, China's manufacturing industry in constant struggle is the cause of "domestic demand decreased significantly, the external environment, namely Euramerican economy without help, the government did not fully effective policy responses".
HSBC Greater China chief economist Qu Hongbin opposed this pessimistic view,louis vuitton, he believes that it can not judge the economy soon there will be a V type inversion, but the Chinese government's regulation and control of large space.
Qu Hongbin: since saw this, since we are aware that the future may bring some impact on employment,franklin marshall, we should think how to do this job,lancel, but to other countries, with the United States and Europe than, than, even with most other emerging market countries than, our policy space,abercrombie, relative it is quite abundant.
Chinese economic system reforms seminar vice-chairman Fang Gang thinks, domestic demand,air jordan, external demand and investment in the three carriages, increase infrastructure to build investment can play a role in the short term.
Fang Gang: the future in the long term we want to increase consumption, increase income, but now not do this, so many of our savings have been placed here,sac lancel, don't you investment, total demand is not too low.
We must use this block to make up the total demand inadequacy,.Increase the investment could increase the pressure on local governments,, and the market is very worried about the Chinese local government financing platform.
Qu Hongbin believes that the risk is controllable, because after a survey we have platform loan gross, also in the local debt debt form to explore.Qu Hongbin: but last year we spend a lot of time, more than 30000 people finally out of the bottom, then we find that there are 10 trillion.
In addition this platform - now there is consensus with local platform, then to borrow from banks, and then to start capital construction to engage in investment, this method has a problem, not good.We saw some positive changes, the beginning of this year, local corporate bond, through the bond market to invest in Guangdong Province, this week, the first issue of the independent debt,abercrombie france, 7 years, 5 years,louboutin pas cher, the local government debt,franklin marshall.
Fang Gang points out, from the Academy of social sciences the survey can be seen,sac longchamp, our local government debt than is healthy,louboutin, the risk is controlled.Fang Gang: they this from the perspective of asset,supra, state-owned asset is added to a, state assets minus liabilities, net assets of $70,louis vuitton outlet, now, to have that debt, there is no problem.
Local governments are the local state-owned assets sold, also this debt, should not be a problem.Another market worried about the alleged bomb,louboutin pas cher, is the real estate regulation,, some organizations that for fear of causing the real estate market bubble bounce, the government may not introduce more policies to stimulate the economy,louboutin.
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Flood,maillots de foot, wind, solar energy for our generation,moncler pas cher, all obey the people call!Difficult to see tonight, farewell tonight.Star is the stars, the moon or the moon, Auld Lang syne.I love the earth up ",moncler, a song clouds chasing the moon, wish our life BBK, the good life of peace,mercurial vapor.
Twenty years later we have to meet, how beautiful our great motherland will be, day new new city village, everywhere as Zhaohui,doudoune moncler pas cher, wish to when we meet again.No matter where you are, in the night of Harbin, the place where the peach blossoms, in Songhua River, in that far away place.
When the idealized vision glasses, we meet again.Recall erst extraordinary years, does not fear the wind!See today; the trials of a long journey always love.Why don't you walk in a natural and unrestrained way!This new beginning, future, wish our motherland thriving and prosperous, people's happiness and goog health!Wish men Caiyuanguangjin, women have a lot of consumption,mercurial vapor pas cher.
The elderly sth. seldom seen or hardly possible, children grow sturdily!May friends getting younger, more and more beautiful!Cheers, friends, long live friendship!Chin this captain, two 0 one one years
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but also will Keng tune .Why come so a tune
polygyny or polyandry and becom
but never give up the pursuit of

The survey questioned more than 3,150 Chinese in mid March of this year as part of the global attitudes project. Around 43 percent of Chinese held a positive attitude toward the United States.

at your own risk.

The station solemnly declare: ATOS department and approved by the government securities investment consultation institutions [ZX0005],.Contained in the article,mercurial vapor pas cher, the data for reference only,air jordan, please use the former to verify,jordan pas cher, at your own risk,.
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Greece has become the European version of the Lehman brothers .Although after the national economy and enterprise performance is still strong ,but the global stock market crash ,the international bulk commodity price the depth call-back ,the panic rising ,global financial markets seem to be involved in the Greek debt crisis to the point of no return ,volatility in financial markets or will delay the recovery of the global economy footsteps .

The station solemnly declare

The station solemnly declare: ATOS department and approved by the government securities investment consultation institutions [ZX0005],.Contained in the article,, the data for reference only,, please use the former to verify,burberry, at your own risk,hollister.
Related articles:

Greece has become the European version of the Lehman brothers .Although after the national economy and enterprise performance is still strong ,but the global stock market crash ,the international bulk commodity price the depth call-back ,the panic rising ,global financial markets seem to be involved in the Greek debt crisis to the point of no return ,volatility in financial markets or will delay the recovery of the global economy footsteps .

www.christianulouboutinfrance.com especially textiles

&ldquo,;China textile industry grow will depend more on the domestic market ,but if in opening up the domestic market does not have very good control can ,hogan.&rdquo ;Intertek ( Tien ) group of the China market department general manager Wang Jianping in an interview that Chinese .
Reportedly ,since 2008 since the outbreak of global financial crisis ,China textile industry recovery played a key role .But in the increase of our country textile quality supervision in the context of unqualified products ,repeated exposure ,new quality ,new standards and constantly updated to improve .
How to deal with the domestic textile enterprises to quality control of big situation ,big wave ?The domestic management of the necessity and urgency of Professor Wang reporter :Hello ,we know that the Chinese textile industry is a highly export-oriented &ldquo ;&rdquo ;industry ,textile and clothing domestic quality control need and urgency ?Wang Jianping :textiles in the domestic sales of quality control ,moncler,for a long time all the time ,abercrombie,because one of the products in the domestic sales must ensure its quality ,to be responsible for the consumer .
In the international trade also is such .The products of domestic sales control ,before always catch more strict ,but recent changes ,especially the increase in the number of security ,environmental aspects of the new requirements ,these are not before .
Previously ,many Chinese enterprises are more focused on their exports ,particularly for light industry, hope to gain market share in international .But now in the context of the financial crisis ,enterprises rely more on domestic market growth .
In the domestic market in the process of growth ,product quality control standardization is particularly important .Now the government on the consumer goods safety and consumer use of safety concerns than before more .
There is a market order ,if there is no standard and detection to control it,outlet hogan, the market turmoil, the consumer is irresponsible .Now the country to strengthen domestic quality control ,abercrombie france,I think it is very necessary ,but from look on the whole effect is also very good .
Domestic sales of textiles quality reporter :domestic market textile quality current situation how ?Wang Jianping :from the actual situation now ,is relatively good, especially textiles ,on the whole of our domestic products quality is very good .
These years in standardization and quality control have done a lot of work ,but still often appears to draw some of unqualified products ,media and other problems .I try to analyze the situation ,from the currently available information, media exposure is more smaller companies and some operation management is not normative enterprise,, may also be in the listing process without strict supervision and authority to make testing report .
But we also find ,a number of renowned domestic and foreign brands in the monitoring of the market also appeared in some of the unqualified product problems ,many international famous brand products in the domestic product quality selectives examination unqualified .
Reporter :we also pay attention to international major suit quality problems frequently occurred the phenomenon ,do you think that the main problem lies in where? Wang Jianping :I think the main reason lies in the market ,now China is more and more big ,doudoune moncler pas cher,a lot of foreign brand swarm into Chinese market ,louboutin.
But as a result of these foreign brands has only pay attention to their own standards and foreign standards ,since that their product quality is very good .However,doudoune moncler, our domestic quality standard system and foreign standards system is the existence of some differences ,especially the differences in detail ,michael kors.
Thus, many overseas brand to the Chinese domestic quality standard system is not very understanding ,franklin marshall,and perhaps there is no consciousness to be good to know,air jordan pas cher, resulting in their products to enter the Chinese market after the onset of this or that kind of quality problems .
At present ,many foreign brands have noted the importance of this issue ,began to constantly improve ,try to conform to the requirements of china .Reporter: the domestic textile market ,which has quality problem is more outstanding ?Wang Jianping :now the domestic textile and consumer goods from the overall perspective ,the quality is good ,have greatly improved than before .
But do not rule out or there are always some problems ,among which some are good,louboutin pas cher, but more are some enterprises on the standard problems of insufficient attention problems .From the current exposure information,louboutin pas cher, mainly concentrates in three aspects :the first is the security issue ,not the beginning of index ,abercrombie paris,we do not have this consciousness ,so check out the unqualified products more, later to begin to pay attention to ,moncler pas cher,now already gets very good improvement ,unqualified products have much less than before .
Second is the product of label problems remain high ,actually a lot of enterprises is not because the product is good ,but the product labeling is not standardized .In recent years the problems in product failure rate has been high .
Our country on the product label identifier is a mandatory standard ,many domestic enterprises have not paid enough attention ,air jordan,lead product disqualification .This fact can be avoided entirely .
The third aspect is the fiber content ,this problem is more important ,because it involves some good faith question ,jordan pas cher.On the fiber content is now home to instances of fraud is not much, but the identity of the product and actual test results are not consistent accounts for more, do not eliminate some is intended to reduce certain elements ,but for the most part,louboutin, or because the enterprise management caused by .
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sales in one of the child
当时买方出的高于
see through the

In this regard, the ADB said, to achieve economic growth and balance and develop new productivity is a very important source of.At the same time China unreasonable census register system is hindered by labor from the labor surplus labor shortage province province transferred to.

at your own risk.

The station solemnly declare: ATOS department and approved by the government securities investment consultation institutions [ZX0005],hollister.Contained in the article,burberry soldes, the data for reference only,mercurial vapor, please use the former to verify,air jordan, at your own risk,.
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Greece has become the European version of the Lehman brothers .Although after the national economy and enterprise performance is still strong ,but the global stock market crash ,the international bulk commodity price the depth call-back ,the panic rising ,global financial markets seem to be involved in the Greek debt crisis to the point of no return ,volatility in financial markets or will delay the recovery of the global economy footsteps .

at your own risk.

The station solemnly declare: ATOS department and approved by the government securities investment consultation institutions [ZX0005],.Contained in the article,mercurial vapor, the data for reference only,burberry, please use the former to verify,moncler, at your own risk,burberry soldes.
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Greece has become the European version of the Lehman brothers .Although after the national economy and enterprise performance is still strong ,but the global stock market crash ,the international bulk commodity price the depth call-back ,the panic rising ,global financial markets seem to be involved in the Greek debt crisis to the point of no return ,volatility in financial markets or will delay the recovery of the global economy footsteps .

Standard Chartered

Technical analysis ofpreference that dollar ,in view of the present main currency of the effective exchange rate index has dropped to 1970 in the collapse of the Bretton Woods system of the dollar continues to devalue the lowest point ,the space is not large, 70-80 should be US dollar index support .
Recently the Dubai world debt crisis that global investors increased risk aversion ,global commodity and went under ,the United States Treasury yields lower again ,,while the dollar rebounds significantly .
Technical analysis of preference are encouraged, that the dollar inflection point has to recover lost ,hollister,the future point the day and await for it .We are not optimistic .The dollar will rise into the channel ,burberry soldes,however,, is not the current .
The dollar rebounded strongly not earlier than the interest rate ,while the Fed rate hike not earlier than the next year .Dubai Lehman brothers ,not in the global financial market a huge billows .
Dubai is not even the emerging market countries typical representative, the sovereignty of Dubai crisis will not cause global investors downgrade the emerging market countries, credit rating .
From the recently at the Economic Club of Washington ,the Federal Reserve will not change the loose monetary policy tone .When a country is expanded to build record skyscrapers to keep this record during, this country economic and financial crisis ,the distance is not very far .
The construction of the Burj Dubai is also the myth of Dubai by Sheng Zhuanshuai logo .This lack of Dubai crude oil ,hot and dry ,dusty country ,in the past 10 years has become a global resort ,the famous free port and international financial centers ,this is really a beautiful story ,jordan pas cher.
However, behind the story ,is a hundred-percent foam formation and expansion process .Be in Dubai over the past few years the growth power ,international loans for development to provide a cheap funds ,international contractor for real estate development provided construction services ,international investors have come to Dubai for the purchase of real estate ,and the vast majority of people the purchase because the expected future price will continue to rise .
In the bright city silhouette behind ,is more than GDP150% debt ,is the Dubai world debt proportion of United Arab Emirates generally three fourths ,is all the prosperity built in prices will be rising mirage .
When the American loan crisis evolved into a global financial crisis ,the financial market liquidity and credit crunch ,when investors in the Dubai property prices can suspect ,and Dubai world can no longer in the market to obtain cheap money and extend debt crisis broke out ,crashing ,air jordan.
The whole world is in a financial market and entity economy rebound a critical moment ,the market confidence is still fragile .Therefore ,the Dubai world debt crisis in the short trigger a chain reaction .
Market overshoot is short ,when the market consciousness to Dubai world is just the old crisis ripples ,,rather than a new crisis began when, market return to rationality, everything will return to V shape bounce track .
Why Dubai world can be led to the second wave of financial tsunami ?First ,air,the Dubai world than the Lehman brothers .Lehman brothers is the United States of America ,is the United States of America short currency market is an important market maker .
The collapse of Lehman brothers not only break the investors of systemically important financial institutions too big to fail expected ,and caused a short currency market crash ,moncler,triggering the shadow financial system collapse .
In contrast ,the Dubai world in the global financial market plays the role of very small ,only the Middle East corner of the business entity only; second ,Dubai world is transparent ,but did not intervene too complex financial derivatives transactions, debt default multiplier limited ;third ,HSBC ,Standard Chartered ,though multinational bank may have greater impact ,but the governments of developed countries not to let Lehman in various government support falls, transnational bank and Dubai world a debt restructuring agreement .
There are concerns ,Dubai world debt crisis will lead to international investors to the emerging market sovereign risk reassessment, which may lead to short-term international capital turn again ,mercurial vapor pas cher.
This view is to entertain imaginary or groundless fears ,burberry.On one hand ,Dubai could not represent the emerging markets in East asia .The latter after the Asian financial crisis significantly reduced the scale of external debt ,and accumulated huge reserves .
Chiang Mai agreement multilateral efforts to strengthen the East Asian countries to weather the crisis ability .On the other hand ,Dubai and even can not represent the country in the middle east .
The typical countries in the Middle East prosperity built in oil prices ,if oil prices back into the $80 level, the countries of the Middle East crisis is not likely .In addition ,the external debt burden larger central and East European countries in 09 years at the beginning of the year is really nervous ,but along with the market rebound ,IMF provides assistance and creditor agreement ,these countries have survived .
Perhaps the most serious consequences ,it is breach in Dubai led to the Eastern European country sovereign risk premium rises ,crisis on the emerging market countries have little effect .Therefore ,the Dubai crisis is more like a beginning of a feast of the outbreak of a not worth mentioning in the episode, it does not reverse the dollar carry trade is flourishing ,not reversed by short-term international capital from developed countries to emerging market countries flow ,nor prevent the dollar exchange rate continued to fall .
The Dubai event was probably caused by international investors in emerging market countries risk perception differentiation .In this case ,the fundamentals are more perfect ,the debt burden is lower in the countries of East Asia ( especially China ) may face more turbulent short-term international capital flows .
Emerging market economy asset price bubble will farther aggravate ,air jordan,until the second half of 2010 and even more after some point, all turn again .Capital flow reversals and asset price crash repeated ,but a tragic heroine is in constant rotation .
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?user=hougaungd&blogentry_id=1078088

Greece has become the European version of the Lehman brothers .Although after the national economy and enterprise performance is still strong ,but the global stock market crash ,the international bulk commodity price the depth call-back ,the panic rising ,global financial markets seem to be involved in the Greek debt crisis to the point of no return ,volatility in financial markets or will delay the recovery of the global economy footsteps .

www.abercrombierfrance.com edited by Qiu Jiang

The national development and Reform Commission inspection through preliminary investigation discovery ,in the business war, Jingdong Mall ,Suning and Gome and Tesco online store is suspected in the presence of the violation of laws and regulations three big problems :relationresult relationresultAprice higher than the original price ,promotion , relationresult relationresultIn two,incomplete performance of price commitments , relationresult relationresultIn three,burberrry soldes,with their own unique product in the rate of exchange activities ,abercrombie paris, relationresult relationresultThereporter Wen Ting ,edited by Qiu Jiang , relationresult relationresultIn August 14th&ldquo &rdquo calls with vigour and vitality ;war ;into the ultimate price fraud swirl .
The national development and Reform Commission officials confirmed yesterday has been involved in the investigation ,the initial identification of Jingdong Mall ( micro-blog ) ,Suning and Gome to buy ( micro-blog ) ( micro-blog ) and its online store is suspected in the presence of the price swindling ,peuterey,and requests the enterprise reform .
The next step the NDRC will formulate relevant electronic commerce transaction price behavior ,to further safeguard the interests of consumers .In this regard, Jingdong Mall ,Su Ning Tesco are a response to the ongoing reform ,louboutin pas cher.
relationresult relationresultAccording to the nationaldevelopment and Reform Commission Price Supervision Bureau Market Supervision Division Director Chen Da disclosed ,the NDRC has consisted of four inspection groups and investigation group ,three of them sent to Jingdong ,Gome ,Suning survey ,fourth inspection teams were sent to the amoy ,louboutin pas cher.
A preliminary investigation found ,Jingdong Mall ,Suning and Gome and Tesco online store is suspected in the presence of the violation of laws and regulations of the three major issues, including promotional price higher than the original price ,louboutin,not completely implement the pricing commitments ,with their own unique product in the rate of exchange activities .
relationresult relationresult“for a business that everybody will less than another dealer price ,but after we checked ,discover its impossible to do than another power low ,abercrombie.&rdquo ;&ldquo ;furthermore ,hogan,Chen Da pointed out ,some dealers zero profit commitment did not fulfil .
&rdquo ;also,air jordan, there are calls to take their own unique product in the rate of exchange activities ,such as with suppliers to sign a sole agency for the sale of the agreement, with custom machine ,machine ,burberry,new product test marketing and so on in terms of parity .
This is obviously not appropriate .relationresult relationresultChen Da still discloses,at present the national development and Reform Commission had interviewed three enterprises ,for enterprises of targeted rectification ,three big business is self-examination and self-correction .
relationresult&nbsp,hollister;relationresultAccording to thedevelopment and reform commission investigating the incident, Suning to buy the responsible person in an interview that ,business war exists does not regulate the operation, the company is targeting within some non-standard operations for rectification ,hollister pas cher,but insisted that the line of synchronization of low-cost strategy does not change ,abercrombie france,according to the regulatory requirements of increasingly standardized ,air jordan.
relationresult relationresultJingdongMall in last night released a statement to apologize ,said a few people did not achieve zero profit commitment electrical goods ,maillot de foot,has been developed to rectify and reform plan .
relationresult relationresultJingdongMall said in a statement ,due to technical and operational difficulties and price fluctuation can not be realized in real time ,all electrical products at the same time all lower than competitors commitment .
For the above is not completely fulfill the promise of the behavior ,Jingdong Mall apologizes to customers .The company has been in the relevant government departments developed under the guidance of the improvement scheme to improve the operation and management ,&ldquo ;we will conscientiously abide by the related national laws and regulations ,to ultimately ensure the effective implementation of the commitments of the consumers .
&rdquo ;relationresult&nbsp,maillot de foot pas cher;relationresultIt is reported,the national development and Reform Commission the next step will be to develop electronic commerce transaction price behavior ,to further safeguard the interests of consumers .
relationresult relationresultIn addition,the NDRC also shows a preliminary investigation ,Amoy network data for the investigation of &ldquo ;business war &rdquo ,outlet hogan;offers to help ,but there are also false problem .
According to Chen Da ,a naughty net mentioned &ldquo ;first price price &rdquo ;basic issues do not exist ,that is to say a Amoy network to media disclosure of some data are inaccurate problem .
relationresult relationresult relationresultAccording to theshopping comparison site data authenticity ,shopping comparison site &ldquo ;help to buy 5 &rdquo ;founder Yin Rujie suggested ,shopping comparison site needs to state agencies and industry organizations to develop fairness policy and regulations ,this data is true or not ,abercrombie,can have a basis .
relationresult relationresultAs of yesterday,peuterey sito ufficiale,Jingdong Mall promotional event still in continuous fermentation .The netizen in micro-blog disclosed ,a brand of men decision to withdraw from the Jingdong Jingdong POP platform ,louboutin,is held in the consumer vouchers to send event, part of the business to pay for tickets .
In fact ,to send coupons on Jingdong practices ,online questions and complaints sound has not stopped .Netizen Mr Liu in an interview with the Financial Times said ,in August 15th to buy household electrical appliances by the promise of Jingdong send coupons ,but with coupons consumption encountersnumerous limit ,unclear instructions ,including loss of Jingdong will not respond .
In three large power rectification process, Jingdong will undoubtedly become the follow-up supervision departments and consumers continue to focus .( sina.com.cn ) , relationresult domestic
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the dollar has very weak

Soros evaluation agency in Hongkong on 12 May, with more positive economic indicators / come on stage, more business and official said cautiously optimistic about the prospects for economic recovery.In Switzerland at the bank for International Settlements (BIS) conference of the heads of some central bank said yesterday,burberry, the world economy has emerged signs of improvement, but still need to be cautious,.
r r Shanghai Securities News reported, billionaire investor Soros Monday also said, the financial crisis triggered by the economic downturn trend in remission, he also predicted,abercrombie paris, Asia will be the first out of crisis, and China is expected to replace the United States to become the economic engine of the world,air jordan.
r r BIS cautiously optimistic r r over the past few days, from the developed industrial countries and emerging economies' central banks leaders gather in Basel in Switzerland, the bank for International Settlements organized meeting, to discuss the current world economic health,abercrombie.
r r BIS president, Mexico governor Ortiz said recently, the global economic crisis,louboutin pas cher, the worst may have in the past, economy is no longer a sharp decline.Said Ortiz, many countries are no longer under the revised forecasts for economic growth,doudoune moncler, and bond market spreads in constrictive, showed risk aversion is reduced,louboutin pas cher.
r r attend this week's BIS meeting the European Central Bank Management Committee members Ordonez Monday on the sidelines of the media that the global economic downturn, the momentum has appeared signs of improvement, but policymakers should remain cautious, not overly optimistic that the economy will soon return to trend growth level,louboutin.
r r at the same time as Spain's central bank governor Ordonez warned, but at this stage, central bankers and policymakers will need to "highly cautious economic outlook".r r Iceland's central bank governor Ogad said he suspected that the world economy, as many economists had predicted a quick recovery, but the stock market recent strong gains are not persuasive,moncler.
r r over the past few days, there are a lot of other financial executives and politicians to economy published a more optimistic view, including Japan's finance minister,air jordan pas cher, Fed officials as well as Goldman Sachs CEO etc.
.r r Japan financial minister Kaoru Yosano recently in an interview that,air jordan, Japanese economy may be in the third quarter of this year the bottom.r r Goldman's CEO Blankfein in a recent annual meeting of shareholders of the company expresses,louboutin, for economic recovery of cautious optimism,.
He said, investors are now talking about when the market will rebound, but would bounce back.r r fed from the partition of Richmond bank to pull Kerr thinks, from consumer spending and the housing portion of the new evidence,sac longchamp, the economy appears to be bottoming out, the United States economy is expected at the end of the first out of the worst recession in decades.
r r Soros bullish on Asia and China r r Soros also predicted that Asia is the earliest, out of crisis, and China is expected to replace the United States to become the economic engine of the world,abercrombie france.He said,abercrombie, countries launched a large-scale economic stimulus measures have started to take effect.
r r in Germany to accept a daily interview, said Soros, Asia could be the first out of the crisis in the region, particularly China, the latter is expected to replace the United States to become the world's economic growth "engine",sac longchamp pas cher.
r r Soros still expresses, the dollar has very weak, saying that he "expects the dollar against the euro will not fall a lot".He said, the dollar has is a weak currency,moncler, not to mention other currencies.
The euro also has its own problems.Soros also called for, the EU should issue national debt,burberry soldes, he thinks the bonds than German debt market "more mobility".He points out, Germany should no longer issued bonds against eu.
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the total reached 3.
which is "very sensible policy".

Shandong fans can be struck with fright, Luneng soccer player is be kept constantly on the run.After all, just experienced a trip to Australia to travel long distances, and race day Nanjing high temperatures of thirty degrees, in the Physical contest, team Taishan completely defeated.

continue to improve the affordable housing policy .

&nbsp ;this year is the 30 anniversary of reform and opening of China ,is China real estate industry moves toward the market in the round of 10 anniversary .Unable to get up after a fall ,the housing market in the United States sub-loan crisis dragged down the global economy of China ,supra shoes,the real estate industry will face a tough year .
Late on April 11th ,at the Boao forum for Asia Annual Conference 2008 real estate ,politicians and high-end personage and expert on this year China real estate market perspectives of words ,Chinese real estate of a few big suspense .
&nbsp ;&nbsp ;&nbsp ;suspense :prices rise or fall? If the soaring house prices over the past two years China is the most remarkable feature ,so from the beginning of this year , inflection point theory and sing kind has become China argument protagonists .
The latest authoritative statistical data shows ,from the fourth quarter of last year ,especially this year 1 ,February,sac lancel, house prices have slowed down, part of the city has actually appeared quietly prices drop sign .
Decline in housing prices will spread across the country to become the hearts of the people the biggest suspense .Market personage points out ,since this year ,global the sources of energy ,mineral and other resource product price goes high ceaselessly ,April 10th, RMB exchange rate against the U.
S. dollar and the first ,franklin marshall.Facing the renminbi rise steadily ,louboutin,the international oil price rises with each passing day ,global food prices rising tide ,people in order to avoid the wealth like popsicles that away ,for the actual demand ,because of inflation pressure ,may have to loan buy a house .
Add excess domestic liquidity and the Olympic effect ,,this premium prices momentum will be difficult to avoid ,and the premium prices high and will add fuel to the fire .Minister of Commerce Chen Deming at the Boao forum for Asia is disclosed ,in 2007 with $80000000000 of hot money flowing into China .
Although the Chinese parts prices decline sign ,but in foreign investors optimistic about the Chinese market pursued,louboutin pas cher, falling house prices is unlikely .The Ministry of housing and urban-rural development soon in the NPC and CPPCC Vice Minister Qi Jiqian also pointed out ,does not advocate the inflection point ,but advocates are concerned about housing .
Huayuan Group CEO Ren Zhiqiang that ,from the history of the world law, positive rates in the case of asset prices will fall , and in the negative interest rate situation ,asset prices are rising .
In the long run ,as long as the Chinese macroscopical economy continues to improve ,the fundamentals unchanged, prices will continue to rise .But Goldman previously released China investment portfolio strategy report of this year the real estate price prediction is not optimistic .
Goldman Sachs ( Asia) executive director and China Equity Strategy Analyst Deng Tishun said ,the domestic real estate market inflection point has emerged .Integrated view, high-end personage at the Boao forum for Asia disclosed information shows: Nationally, the beginning of this round of price should only regional ,temporary ,Chinese property market can not appear in the long-term ,the nationwide big inflection point .
From China situation, the regulatory policy will still continue to play a role ,and the industry as a whole the trend will not change ,abercrombie.But at the same time ,sac longchamp,the risk of real estate and uncertain factors increased .
In 2008 the house is more likely to be in eight words :return to rational ,stable operation .&nbsp ;&nbsp ;&nbsp ;the two : macro-control efforts have how old? In order to prevent overheating in housing prices ,begin from 2006 ,our country increases strength of macroscopical adjusting control .
In 2007, policy of macroscopical adjusting control through real estate industry from beginning to end, covering the land ,the structure of market supply ,tax ,housing security ,housing and other aspects .
According to the domestic and international economic situation and macroscopical adjusting control task requirements ,this year we need to follow a prudent fiscal policy and a tight monetary policy .
In the long term ,these macroeconomic regulatory measures to prevent the real estate bubble formation and accumulation ,the real estate industry will run more smoothly ,but in the short term will cause the real estate financing more difficult for domestic .
From the end of last year ,the macro-control of real estate is gradually beginning to show the effect of .The city real estate trading volume shrinking and the price glides phenomenon .Macroeconomic regulation and control to the real estate business is a direct result of financing .
Real estate enterprise most rely heavily on bank loans will continue to shrink , suddenly become the bulging pockets of real estate developers oral language .The Ministry of housing and Urban-Rural Construction Policy Research Center Director Chen Huai said at the Boao forum for Asia ,,2008 Ministry of housing and urban-rural construction mainly do three things .
One is to improve the housing security system ,in not too long a period ,city of prefectural class above all to build low rent housing ,and Yingbaojinbao ,continue to improve the affordable housing policy .
The two is to implement the National People urban and rural planning law ,strengthen the rural housing construction ,to do everything in one within the scope of housing ,housing ,much faster ;management needs ,and guide rational consumption .
Three ,normative market ,on the market supply and demand behavior can have the restriction of system .Chen Huai said ,the Fed has already cut interest rates 6 times ,macro-control faces uncertainty is , those who do not want to enter the United States ,the European market money will come to China .
Chen Huai said ,the first quarter of the actual use of foreign capital year-on-year growth of 60%% ,the need for vigilance in the regulation of asset prices at the same time ,so that foreign investors to our bottom to copy .
Goldman Sachs Group Director ,general manager Hu Zuliu also expressed a similar view ,he believes that the current macro-control environment exists a lot of uncertainty ,such as the surrounding environment ,interest rate ,exchange rate changes on stock market ,with big before different .
The past of real estate some very positive positive factors are now in a reversal ,the Chinese real estate industry in a short period of great uncertainty .To be sure, even in the face of a series of factors of uncertainty ,lancel,in 2008 China development trend will not change .
Although it is not clear how much will be issued this year for the real estate industry regulation and control measures, but the participants reached a consensus is :once a new regulatory policies ,will certainly to the Chinese real estate market caused a huge impact ,sac longchamp pas cher.
&nbsp ;&nbsp ;&nbsp ;the three :whether the real estate industry is faced with shuffle ?At the beginning of this year ,louboutin,renowned investment master Jim Rodgers said China market will adjust in 2008 ,,some investors will face bankruptcy plight ;Citigroup then pointed out that China ,louis vuitton,many Real Estate Company will cause difficulties in financing and in the closure of predicament .
On March 20th, rival IPO use ,become prosperous after the Chinese mainland was forced to delay the Hongkong IPO program second real estate stocks ,is also known as the 2008 Chinese real estate industry iconic event .
In the background of monetary tightening ,the real estate market face enormous challenges,supra, a late start in small and medium-sized real estate enterprises the road ahead is not so easy .As a result of raw material ,labour force ,land prices, the real estate enterprise is inferior to in former years so high ,the recent downturn volume developers funding chain one disaster after another .
SOHO China Limited company chairman Pan Shiyi points out ,louboutin,last year, China annual sales income is 2.9 trillion yuan ,but the Real Estate Company purchased land capital has exceeded 3 yuan .
Is not only an unlisted Real Estate Company ,the financing channels relatively wider listed Real Estate Company also face cash flow risk of nothing .In 2007, Vanke ,China Merchants ,gold ,poly four listed developers operating cash flow per share are negative ,the company 5 years to the lowest value .
Pan Shiyi at the Boao forum for Asia said , now ,China implementation of tight monetary policy,louboutin pas cher, while walking outside of the capital market this road was blocked ,the next 100 days will be most Real Estate Company change for a period of time, developers between differentiation will be more serious .
Ren Zhiqiang points out ,real estate and other industries is the same, real estate most is a project company ,mergers and acquisitions in the real estate industry is widespread .Other industries in the annexation process may be is technology ,plant ,production capacity and market ,and real estate mergers and acquisitions is the basic land and cash exchange process .
Pan Shiyi said ,the real estate industry is a capital demand is very big industry .From last year the beginning of the fourth quarter ,the bank mortgage loan is very nervous .Therefore ,the s real estate industry is characterized by the lack of money ,air jordan.
International credit rating agency Standard & Poor recently released the latest report shows :liquidity will give almost all Chinese developers bring challenges ,if the market condition failed to improve ,the real estate industry mobility may be faced with dried up ,abercrombie france,and then makes some developers to continue to maintain growth .
The personage points out ,louboutin pas cher,if the real estate market in the short term recovery ,so developers can through this off ;if not, the real estate industry in China will be facing a large-scale reshuffle .
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&nbsp ;&nbsp ;&nbsp ;&nbsp ;&ldquo ;the central enterprises to private enterprises or individuals to win the bid by &rdquo ;,it sounds like a joke ,but in the railway project bidding is quite common .
The iron in the recently burst through private to take the subject of scandal once again exposed the railway project bidding in the presence of the disease ,and the new railway construction project bidding policy will be stubborn and &rdquo &ldquo ;.
relationresult“the new railway construction project invite public policy must first to bidder qualification review ,then draw lots to decide in the lowest bidding price method, comprehensive evaluation of five kinds of means of invite public bidding for specific uses which kinds .
&rdquo ;railway infrastructure system a source told reporters ,the new policy will increase the uncertainty in the bidding process ,as far as possible to reduce the interference of outside of bidding work ,&ldquo ,maillot de foot;everything is unknown ,even if some people want to find relations do not know who to turn to &rdquo ;.
relationresultActive in thefield of high-speed rail railway especially bidding market of intermediate people from all walks of life has been criticized ,and high-speed rail tender areas into corruption in high incidence area .
Recently burst of Railway Group Limited company and Fujian Province ICT project limited company dispute ,which is to help the railway access to high-speed rail project and relevant departments to pay billions of dollars in the so-called &ldquo ;intermediary fee &rdquo ;,and successfully won the bid to price will win the bid after the 11 tunnel project by Fujian Province ICT Project Construction Company Limited construction .
relationresult&ldquo,air jordan pas cher;railway project bidding market with a number of intermediaries ,air jordan,the central enterprises to rely on them to take standard ,this out is a joke .&rdquo ;Academy of engineering, Wang Mengshu told the Economic Information Daily reporter ,now due to the presence of railway project bidding agency ,burberrry soldes,become the biggest corruption, they are often under certain leaders of the flag ,from 1% to 6% of the intermediary fees ,peuterey sito ufficiale,the bureau also no way, do not rely on them could really get project ,so &ldquo railway project ;bidding policy needs reform ,need to put the man out of the bidding market &rdquo ;.
relationresultUnderstand according to the reporter,this year the railway infrastructure investment plans to increase to 496000000000 yuan ;the Commission approved a plurality of city rail transit planning ,a total investment of over 800000000000 yuan .
Super trillion yuan in the construction scale of the major companies in the pond was lifted &ldquo ;&rdquo ;,however the railway market corruption against the confidence of all parties ,abercrombie.&ldquo ;in general ,peuterey,we are unwilling to enter the railway market ,one is expected to profit low ,on the other hand, are not familiar with the railway construction market rule &rsquo &lsquo ;.
&rdquo ;a construction area of central enterprises departments responsible person told the reporter ,hollister,but in the railway construction to advance conference later ,group leaders of the &ldquo two &rdquo ;iron ;market confidence .
relationresultThis year to ensurethe completion of the task of railway construction ,railway construction market is ready to launch a new round of climax of construction .Recently, railway ministry held informal discussion of railway construction to advance is also emphasized ,to ensure that this year the railway construction task is satisfactorily completed, to ensure that the full &ldquo ;&rdquo ;railway construction target completely fulfill ;the near future will take a variety of measures, to help enterprises solve in railway construction of the various problems encountered ,to seek truth from facts work style to solve the bidding ,capital ,cost of ,contract ,design change ,air jordan,local coordination problems .
Minister of Railways Sheng Guangzu at the forum said that ,in the future for a long period of time ,the railway construction to accelerate development momentum will not change ,abercrombie,railroad construction task does not appear to change radically .
relationresultChina Railway GroupCEO Bai Zhongren in enterprise interior conference also expresses, look from current condition ,the railway construction to stabilize the situation has been formed ,for a longer period of time ,louboutin,the railway construction to speed up the development of the trend will not change .
In addition to China Railway Engineering Corporation ,the China Railway Construction Corporation of the two &ldquo &rdquo ,specialist ,maillot de foot pas cher;railway ;a new round of railroad construction climax can attract including China Construction Engineering Corporation ,China Transportation Construction Group Limited ,China Water Conservancy and hydropower construction company into a new round of railroad construction to the important reason ,is a railway project bid policy reform ,abercrombie paris,the Ministry of Railways to provide open ,fair ,just, transparent bidding platform .
relationresultThecentral enterprises and relevant departments responsible person said ,in railway construction to advance conference later ,group leaders of the &ldquo two &rdquo ;iron ;market confidence, and held a special meeting ,louboutin pas cher,put forward to want to quickly adapt to the tender policy ,to participate fully in the railway project tendering ,quickly lifted the upsurge of Railway construction .
relationresultFor deepening the railwayconstruction projects into the local market bidding work ,burberry,under the Ministry of Railways standard railway engineering bidding activities ,to further strengthen the bidding supervision ,hollister pas cher.
Understand according to the reporter ,in order to ensure the independence and impartiality of bid evaluation ,the bid evaluation expert bank railway industry into the local market speech automatic extraction system,outlet hogan, through the computer randomly ,voice ,person of invite public bidding and bid to prevent large former member of the Committee of experts contact ,louboutin.
In order to further improve the bidding management ,each railroad bureau will cooperate with the local market for railway construction projects trading rules .In order to further strengthen the bidding supervision ,abercrombie france,will implement the requirements before bidding to inform ,louboutin pas cher,and signed on behalf of the commitment of person of invite public bidding .
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the economic situation changes

&nbsp ;the Political Bureau of the CPC Central Committee, Vice Premier Li Keqiang recently emphasized when Guangxi makes an on-the-spot investigation ,abercrombie,to implement the Party Central Committee ,the decision-making deploy of the State Council ,lancel,the expansion of domestic demand ,economic growth and structural adjustment ,abercrombie france,benefit people to better integrate ,foster new economic point of growth ,cogent safeguard people in reforming innovation implementation new development .
In April,louboutin pas cher, 8 laurel earth ,everywhere present pleasant scene .From 19 to 21,, Li Keqiang has come Liuzhou ,guests ,Nanning ,into the enterprise ,workshop ,field edge of a field ,sac longchamp,construction sites ,hospitals and families of urban and rural residents ,focus on economic development and the people working investigation ,louboutin.
During the period ,he listened to the the Guangxi Zhuang Autonomous Region Party committee and government work report, in recent years, the construction of Guangxi fully affirmed the achievements .
In Laibin City the small town of Pingyang ,Li Keqiang to field edge of a field visit spring ploughing spring ,into the farmers with the Zhuang people talk .He said ,must further tamp agriculture base ,increase farmer income ceaselessly ,consolidate national unity ,air jordan,promote the common prosperity and development ,louboutin.
The enterprise is the main body of the market ,supra,the economic situation changes ,the most obvious feeling the most direct .Li Keqiang deeper machinery ,automobile ,light industry ,chemical industry ,nonferrous metal enterprises, a careful understanding of operating condition .
Products from production ,sales to the industry trend ,he asked about one one ,louboutin pas cher.Li Keqiang said ,in the face of the severe external environment ,supra shoes,the central timely adopted a series of policies and measures ,through the joint efforts of all ,current economy already appeared to change actively .
Also should see at the same time ,,the international financial crisis is still spreading ,the impact on China is still deepening .Want sturdy confidence ,overcome difficulties, the full implementation of promoting steady and rapid economic development package, to achieve economic and social development goals ,sac longchamp pas cher.
During the inspection, Li Keqiang and cadres and the masses have a heart-to-heart talk ,discuss the development reform plan .He said ,Guangxi East and West, Tongjiang sea ,rich in natural resources ,development potential is very great .
To further play to compare advantage ,deepen reform and opening up ,strengthen multi-level regional cooperation ,attract various kinds of advanced factor of production, enhance development ability .
To improve the modern traffic system ,expand characteristic advantage industry ,promote the Beibu Gulf Economic Zone Development and opening up ,promote sound and rapid economic development .In SAIC-GM-Wuling automobile ,Liuzhou chemical ,Nanning Phoenix Paper and South-South aluminum enterprises, Li Keqiang watched with interest of car of energy-saving environmental protection ,clean production ,comprehensive utilization of resources and other new products ,new technology .
He points out ,the development of new energy industry be just unfolding ,louis vuitton,leading a new round industrial revolution direction ,contains huge market space .Do this old essay ,is conducive to the expansion of domestic demand and stable export to protect environment ,but also conducive to the international competition in the future to gain the initiative .
Want to increase structural adjustment and the independent innovation, speeding up the development of new energy ,energy conservation and environmental protection and recycling economy emerging industries such as economic growth ,formation of new support force .
In the Liugong group ,that enterprises through technology and product innovation ,market share and the enterprise production remained stable ,Li Keqiang very happy .He said ,practice has proved ,adjusting structure and growth ,innovation to create a new market .
To seize the key components ,key products and key link to carry out technical innovation ,enhance market competition ability .Guarantee the basic livelihood is Li Keqiang this inspection is a key .
Victory in Liuzhou City Grace Community Health Service Center in Laibin City of Pingyang ,a small town hospital, Li Keqiang to masses of go to a doctor and medical staff ,sac lancel,asked in detail about the basic medical and health service advice .
He emphasizes ,health is directly related to people and life ,some of the masses is difficult ,send deficient due to illness ,sickness is one of the most important reasons .To implement the reform of the medical and health system of the five key tasks ,focusing on the construction of wide coverage ,and basic ,sustainable basic medical and health system ,louboutin,step by step to advance ,franklin marshall,alleviate the difficulty in seeing a doctor ,see a doctor expensive problem .
To strengthen the construction of public health service system ,do well the hand-foot-mouth disease and other seasonal infectious disease prevention and control work .In Liuzhou city and Hing park districts focus transformation zone ,Li Keqiang inspected housing renovation and living conditions of the masses .
He walked along the narrow crowded corridor ,into Wei Conghui and Meng Jiajin ,concern about life and the rebuilding of working opinion ,.In Laibin City the cow Liaocun ,Li Keqiang visit condolences to live in the old Zhuang peasants .
He points out ,people food and clothing problem is resolved, the improvement of housing demand is more and more urgent .Still lives in danger old house in the urban and rural residents are mostly low income masses ,these homes lack the basic living functions ,and some even do not guarantee the living safety .
We will take a variety of measures ,next great strength to carry out the protection of housing projects ,for the difficulties of the masses to solve the basic housing problem ,housing ,live and work in peace .
Li Keqiang stressed ,through efforts ,improve the guarantee the basic livelihood of the ,lighten the people any menace from the ,the residents potential is released, to constantly improve the people living standard and quality ,for economy development provides stable and lasting motive force ,louboutin pas cher.
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sell sexy not win those its brightness dazzles the eyes. With sexy woman magazine ads may not appeal to female readers .When some twenty head women see a picture of these tacky ,they will feel very boring and no interest ,and for some positive models of photo reaction is not so .

@@ Line 374: / Line 374: @@
   </ul>
 Xing Jianjun introduces, in Italy by Chinese high school students need to provide college entrance examination achievement, high school examination results, art examinee must provide the art exam results.
+== the economic situation  changes ==
+&nbsp  ;the Political Bureau of the CPC Central  Committee,  Vice Premier  Li Keqiang  recently  emphasized when Guangxi makes an on-the-spot investigation  ,abercrombie,to  implement the Party Central Committee  ,the decision-making deploy of the State Council  ,lancel,the  expansion of domestic demand  ,economic growth and  structural adjustment  ,abercrombie france,benefit people  to better integrate  ,foster new economic point of growth  ,cogent safeguard  people  in reforming innovation implementation  new development  .<br>In April,louboutin pas cher,  8 laurel earth  ,everywhere present  pleasant  scene  .From 19 to  21,,  Li Keqiang  has come Liuzhou  ,guests  ,Nanning  ,into the  enterprise  ,workshop  ,field edge of a field  ,sac longchamp,construction sites  ,hospitals  and  families of urban and rural residents  ,focus on  economic development and  the people  working  investigation  ,louboutin.<br>During the period  ,he  listened to the the Guangxi Zhuang Autonomous Region  Party committee and government  work report,  in recent years,  the  construction of  Guangxi  fully affirmed the  achievements  .<br>In Laibin City the small  town of Pingyang  ,Li Keqiang  to  field edge of a field  visit  spring ploughing  spring  ,into the  farmers with the  Zhuang people  talk  .He said  ,must further  tamp agriculture base  ,increase farmer income ceaselessly  ,consolidate  national unity  ,air jordan,promote the  common prosperity and development  ,louboutin.<br>The enterprise  is the main body of the market  ,supra,the economic situation  changes  ,the most obvious  feeling  the most direct  .Li Keqiang  deeper  machinery  ,automobile  ,light industry  ,chemical industry  ,nonferrous metal  enterprises,  a careful understanding of  operating condition  .<br>Products from production  ,sales to the  industry trend  ,he  asked about one one  ,louboutin pas cher.Li Keqiang  said  ,in the face of the severe  external environment  ,supra shoes,the central  timely  adopted a series of  policies and measures  ,through the  joint efforts of all  ,current  economy already  appeared to change actively  .<br>Also should see at the same time  ,,the international financial  crisis is still spreading  ,the impact on China  is still deepening  .Want sturdy confidence  ,overcome difficulties,  the full implementation of  promoting steady and rapid economic  development package,  to achieve economic  and social development goals  ,sac longchamp pas cher.<br>During the inspection,  Li Keqiang  and  cadres and the masses  have a heart-to-heart talk  ,discuss the development  reform  plan  .He said  ,Guangxi  East and West,  Tongjiang sea  ,rich in natural resources  ,development potential is very great  .<br>To further  play to compare advantage  ,deepen reform and opening up  ,strengthen multi-level  regional cooperation  ,attract various kinds of  advanced factor of production,  enhance  development ability  .<br>To improve the  modern traffic system  ,expand  characteristic advantage industry  ,promote the  Beibu Gulf Economic Zone  Development and opening up  ,promote  sound and rapid economic development  .In  SAIC-GM-Wuling  automobile  ,Liuzhou chemical  ,Nanning  Phoenix Paper  and South-South  aluminum  enterprises,  Li Keqiang  watched with interest  of car of energy-saving environmental protection  ,clean production  ,comprehensive utilization of resources  and other new products  ,new technology  .<br>He points out  ,the  development of new energy industry  be just unfolding  ,louis vuitton,leading a new round  industrial revolution  direction  ,contains huge  market space  .Do this  old essay  ,is conducive to the expansion of  domestic demand and stable  export to  protect environment  ,but also conducive to  the international competition in the future  to gain the initiative  .<br>Want to increase structural adjustment  and  the independent innovation,  speeding up the development of new energy  ,energy conservation and environmental protection  and recycling economy  emerging industries such as  economic growth  ,formation of  new  support force  .<br>In the  Liugong group  ,that  enterprises through technology  and product innovation  ,market share  and the enterprise  production remained stable  ,Li Keqiang  very happy  .He said  ,practice has proved  ,adjusting structure  and  growth  ,innovation  to  create a new market  .<br>To seize the key  components  ,key products and key  link  to carry out technical innovation  ,enhance  market competition ability  .Guarantee the basic  livelihood  is  Li Keqiang  this inspection  is a key  .<br>Victory in Liuzhou City  Grace  Community Health Service Center  in Laibin City  of Pingyang  ,a small  town hospital,  Li Keqiang  to  masses of go to a doctor  and medical staff  ,sac lancel,asked in detail about  the  basic medical and health  service  advice  .<br>He emphasizes  ,health  is directly related  to people  and life  ,some of the masses  is difficult  ,send deficient due to illness  ,sickness  is one of the most important reasons  .To implement the  reform of the medical and health system  of the  five key tasks  ,focusing on the construction of  wide coverage  ,and  basic  ,sustainable  basic medical and health system  ,louboutin,step by step  to advance  ,franklin marshall,alleviate  the difficulty in seeing a doctor  ,see a doctor expensive  problem  .<br>To  strengthen  the  construction of public health service system  ,do well the  hand-foot-mouth disease  and other seasonal  infectious disease prevention and control work  .In Liuzhou city and  Hing park  districts focus  transformation zone  ,Li Keqiang  inspected  housing  renovation  and  living conditions of the masses  .<br>He  walked along the narrow  crowded corridor  ,into Wei Conghui  and Meng Jiajin  ,concern  about  life  and  the  rebuilding of  working opinion  ,.In Laibin City the cow  Liaocun  ,Li Keqiang  visit  condolences to  live in  the old  Zhuang peasants  .<br>He points out  ,people  food and clothing  problem is resolved,  the improvement of housing demand is  more and more urgent  .Still lives in  danger old house  in the  urban and rural residents  are mostly  low income  masses  ,these  homes lack the  basic living functions  ,and some even  do not guarantee the  living safety  .<br>We will take a variety of  measures  ,next great strength to  carry out  the protection of housing projects  ,for the  difficulties of the masses  to solve the  basic  housing problem  ,housing  ,live and work in peace  .<br>Li Keqiang  stressed  ,through  efforts  ,improve the guarantee  the basic livelihood  of the   ,lighten the people  any menace from the   ,the  residents  potential is  released,  to constantly improve the people  living standard and quality  ,for economy development provides  stable and lasting  motive force  ,louboutin pas cher.<br>Related articles:
+ <ul>
+   <li>the Russian government  in 2009  February</li>
+   <li>the Shenzhouxing card can be purchased</li>
+   <li>oil to gas &rdquo</li>
+ </ul>
+sell sexy not win those its brightness dazzles the eyes. With sexy woman magazine ads may not appeal to female readers .When some twenty head women see a picture of these tacky ,they will feel very boring and no interest ,and for some positive models of photo reaction is not so .

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