|
|
|
G20 London Summit > China Effort
|
US nears car rescue; China, Europe mull stimulus(Agencies/chinadaily.com.cn)
Updated: 2008-12-09 07:09 Progress toward an auto bailout and hopes for massive public works injected life into US equity markets on Monday despite distress signals including new corporate job cuts and a pillar of American media filing for bankruptcy. Chinese and European leaders plotted their next steps as investors looked to governments to lead major economies out of recession because central banks could start running out of room to cut interest rates further.
China's Central Economic Work Conference China's top policymakers gathered to map out economic policy for next year, with the government focusing on shoring up growth and jobs as export demand shrinks.
The Chinese government is "very likely" to initiate cuts in business tax to add impetus to the slowing economy. [Tax cuts for businesses in pipeline] The authorities may soon cut business tax for enterprises by 1 percentage point from the current 5 percent, a source close to policymakers told China Daily, without mentioning a timeframe. That would amount to 120 billion yuan ($17.5 billion) worth of tax cuts given annual business tax revenues of more than 600 billion yuan ($87.6 billion) last year. Business tax - distinct from enterprise income tax and value added tax - is levied on enterprises and individuals that provide labor services, transfer intangible assets or sell immovable property in China.
It was also reported earlier that policymakers would introduce more measures to spur consumption at the meeting. "As demand for exports and the momentum for fixed-asset investments looks set to slow, China's authorities are expected to push forward measures to rebalance the sources of economic development in favor of consumption," Jing Ulrich, managing director and chairman of China equities at JPMorgan, said on Monday. Policymakers may discuss raising the threshold of personal income tax from 2,000 yuan to 3,000 yuan a month, as the economic slowdown and a slump in property and stock markets have already hit income growth, forcing consumers to cut expenditures. The Chinese government is also expected to increase social programs in the countryside, which could help boost rural consumption. US President-elect Barack Obama provided some hope with a weekend pledge to create more than 2.5 million new jobs by 2011 and launch the largest investment in US infrastructure since the 1950s. "Obama looks like he's going to be able to fast-track one of the largest infrastructure spending packages since the history of mankind," said Arthur Hogan, chief market analyst at Jefferies & Co in Boston. Negotiators for outgoing President George W. Bush, who hands over power to Obama on January 20, and Congressional Democrats edged toward agreement on a $15 billion auto sector rescue plan after three days of talks. US Rep. Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, said the remaining disagreements could be resolved in a few hours. |
主站蜘蛛池模板： 国产美女三级做爰 | 亚洲国产韩国一区二区 | 男人使劲躁女人视频小v | 9lporm自拍视频在线 | 国产精品欧美一区二区 | 欧美成人高清在线视频大全 | 国产亚洲精品九九久在线观看 | 久久国产亚洲观看 | 久久福利精品 | 午夜爱爱毛片xxxx视频免费看 | 亚洲人成免费网站 | 欧美日韩亚洲国内综合网俺 | 亚洲成人黄色在线 | a性片| 男人天堂免费 | 国产精品白浆流出视频 | 国产黄三级三·级三级 | yp国产在线观看 | 国产一区二区高清在线 | 日韩美女啪啪 | 国产在线观看免费一级 | 99久久伊人一区二区yy5o99 | 欧美日韩精品免费一区二区三区 | 国产禁女女网站免费看 | 日韩精品在线播放 | 精品国产综合成人亚洲区 | 久久久免费精品视频 | 欧美另类视频在线观看 | 老外一级毛片免费看 | 日韩免费观看一级毛片看看 | 欧美一级毛片aaaaa | 韩国毛片免费播放 | 欧美a级完整在线观看 | 日韩欧美一区二区久久 | 精品国产91久久久久久久a | 国产成人精品女人不卡在线 | 高清国产一级精品毛片基地 | 亚洲高清在线观看播放 | a级欧美片免费观看 | 特级a做爰全过程片 | 久久久成人啪啪免费网站 |
