Explainers

ECB’s Lagarde says euro could be viable alternative to US dollar

时间:2010-12-5 17:23:32  作者:Sustainability   来源:Investing  查看:  评论:0
内容摘要:Two of those who volunteer to lead the tours, Rami Gold and Simon King, say they are determined to ensure what happened here is remembered.

Two of those who volunteer to lead the tours, Rami Gold and Simon King, say they are determined to ensure what happened here is remembered.

As China prepared to celebrate its Golden Week holiday and mark the 75th anniversary of the People’s Republic, the ruling Communist Party rolled out a raft of measures aimed at boosting its ailing economy.The plans included help for the country's crisis-hit property industry, support for the stock market, cash handouts for the poor and more government spending.

ECB’s Lagarde says euro could be viable alternative to US dollar

Shares in mainland China and Hong Kong chalked up record gains after the announcements.But economists warn the policies may not be enough to fix China's economic problems.Some of the measures announced by the People's Bank of China (PBOC) on 24 September took direct aim at the country's beaten-down stock market.

ECB’s Lagarde says euro could be viable alternative to US dollar

The new tools included funding worth 800bn yuan ($114bn; £85.6bn) that can be borrowed by insurers, brokers and asset managers to buy shares.PBOC governor, Pan Gongsheng, also said the central bank would offer support to listed companies that want to buy back their own shares and announced plans to lower borrowing costs, and allow banks to increase their lending.

ECB’s Lagarde says euro could be viable alternative to US dollar

Just two days after the PBOC's announcement, President Xi Jinping chaired a surprise economy-focused meeting of the country's top leaders, known as the Politburo.

Officials promised to intensify government spending aimed to support the economy.the vast majority of tariffs after global stock markets tumbled, and a sell-off in the US bond market.

But he kept the import levies targeted at Chinese goods being shipped to the US. Beijing responded by imposing its own 125% levies on American imports.This has bewildered traders from more than 30,000 businesses who have come to the annual fair to show off their goods in several exhibition halls the size of 200 football pitches.

In the homeware section, firms displayed everything from washing machines to tumble dryers, electric toothbrushes to juicers and waffle makers. Buyers come from all over the world to see the products for themselves and make a deal.But the cost of a food mixer or a vacuum cleaner from China with the added tariffs are now too high for most American firms to pass on the cost to their customers.

copyright © 2025 powered by FolkMusicInsider   sitemap