|
|
|
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. |
国产色爽免费无码视频| 伊人热人久久中文字幕| 最近中文字幕免费mv在线视频| 久久久久久亚洲Av无码精品专口| 欧美日韩中文在线视免费观看| 国产精品一区二区久久精品无码| 亚洲国产精品无码久久久不卡| 久久精品中文字幕久久| 免费a级毛片无码免费视频120软件| 国产在线无码精品电影网| 中文字幕一区二区三区久久网站| 亚洲人成人无码网www国产| 日韩人妻无码精品久久免费一| 国产成人麻豆亚洲综合无码精品 | 亚洲国产无套无码av电影| 精品久久久久久久中文字幕| 亚洲AⅤ永久无码精品AA| av大片在线无码免费| 无码精品A∨在线观看| 亚洲熟妇无码另类久久久| 亚洲看片无码在线视频| 欧美中文字幕一区二区三区| 中文字幕在线观看有码| 一本之道高清无码视频| 久久久久久av无码免费看大片| 久久久久亚洲AV片无码下载蜜桃| 无码人妻少妇色欲AV一区二区| 国产在线无码精品电影网| 中文字幕无码无码专区| 中文字幕丰满伦子无码| 亚洲桃色AV无码| 无码专区狠狠躁躁天天躁| 亚洲大尺度无码专区尤物| 亚洲av无码国产精品色午夜字幕| 无码人妻丰满熟妇区免费| 无码人妻精品一区二区三| 无码国产色欲XXXXX视频| 国产在线无码一区二区三区视频 | 久久亚洲AV成人无码电影| 国产精品无码av在线播放| 国产AV巨作情欲放纵无码|
