Posts Tagged ‘ Ultra Short’

AFP: China’s pursuit of young readers, “80″ writer

Tuesday, September 8th, 2009

19-year-old jiang fangzhou admitted that it was a typical chinese restless
youth, lack of experience of things, this does not prevent her from becoming a
successful writer. she began writing seven years old, 9-year-old published his
first book, and then gradually write more novels. although chiang kai-shek are
precocious children, but a writer like her is not uncommon in china. in today’s
rapidly changing society, a group of childlike is not off the success of
writers, who described feelings of anxiety for young people to attract young
readers. jiang talked about his writing, ultra short said: “many people judge the standard of erratic, so i continued in my book awareness of personal values, and try to help them to correctly judge the good or bad.” she has just finished first year at university.

china famous writer by birth or age is classified, and now “80 after” and even “90 after” writers, more and more to occupy the bestseller list. also a writer, classic ugg tall gjm just 26 years old, he was considered the highest-selling works of chinese writers. he often describes youth suicide, violence and contemporary values of the dark story of depravity. according to the chinese book market research company openbook survey in 2008 gjm work accounting for 20% of sales of literary books, such success encouraged more young writers.

chinese people’s university professor of literature relative to wu ma said: “these writers expressed their feelings and values of their respective age groups. other age groups can not write these, it is irreplaceable.” has just completed their university graduate wang xiaoguo ( transliteration) said that the young writer’s book expresses the aspirations of such people like him, he himself is little chance that the job market and their parents asked him to marry the pressure of frustrated. “they are different. they are the works of our generation to express some of my feelings of young people.” 23-year-old browsing a bookstore in beijing, wang said.

chestnut ugg button however, as publishers
have published the works of such writers around these so young writer, literary
achievement sparked the debate. many critics look down on them, think they are
commercial products of the era, the internet makes easy for popular writers do
not inflow. jiang fangzhou sitting in a shabby dormitory tsinghua university in
beijing, the reading with young people anxious about their own writing a few
novels, fairy tales, said: “what worries me most is now the reader. if they see
something bad, after more than , how to differentiate between what is good and
what is bad? no standard. ”

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Allow auto market auto finance company bonds last a good card?

Monday, September 7th, 2009

body>the state allows the issuance of financial bonds, and our financing
channels have become wider, because the former are financed through banks and
shareholders. an auto finance company on condition of anonymity told reporters
yesterday that senior officials further said, “through financial debt financing,
to a certain extent also reduce financing costs. some of the industry are
another worry. “allow auto finance companies to issue financial bonds, the
development of the automotive industry is still helpful, however, whether the
bonds classic cardy can be issued to, or to be examined.” zhang xin, an auto analyst with guotai junan, told reporters that even if the bonds can be issued out, if the auto finance companies to issue bonds interest rates relatively low, consumers do not buy, that is, “bamboo basket to draw water and empty”; if we raise bond interest rates, increased business costs, it would be “worth the candle.”

information center of shanghai automotive industry development fellow, zhu jun-yi also said that “at present, the domestic automobile consumers not rely on borrowing to complete, though the auto companies to words, more a financing channel, but for the domestic market, though a bit role in promoting the automotive industry, but the impact will not be ‘earth-shaking’. ”

automobile credit consumption is expected

this year intensive good policy, whether it is on a macroscopic scale revitalization plan, the countryside subsidies, reduction of purchase tax or trade-in, bringing the first ultra short half of car sales on fire. warming through the promotion of automobile industry in the short term to ugg tall boots achieve a stable market and
the economy. ampang consulting analyst li haiying, told reporters. “however, we
estimate that in the second half will not be issued for the consumer market, the
direct stimulus policies, the policy effects of the gradual weakening in the
first half, while the use of policy instruments which can converge gradually
reduced, then the next year, car sales are likely to increase substantially back
down. “hai-ying li said,” the remaining automobile consumption credit card, the
state may take to encourage consumers to continue to drive consumer adoption of
an overdraft. ” <

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Inventory of the financial crisis Ten pain points: the housing bubble inflated and the fuse

Monday, September 7th, 2009

body>the financial crisis like the plague around the world in general has been
raging for a year. learn from their mistakes and then look back a year later,
resulting in the deep-rooted causes of the financial crisis all too clear. china
institute of international economics ultra short and development research department of the world fellows zhen bing xi-reporter summed up the result in the spread of financial crisis, the world’s top ten reasons:

the real estate market bubble expansion and the financial crisis triggered. from the end of last century until 2006 that five or six years time, the united states appeared in history’s biggest real estate bubble, house prices from 2000 to 2006 increased by 35%, equivalent to twice the growth rate of the previous five years house prices this case is like a game of musical chairs, as long as the music kept everyone dancing, but when the music stopped, the game will stop here, the real estate bubble has burst.

the real estate boom or a bubble, due to two changes in the banking sector. first, the bank is no longer in the balance sheet loan package will be sold to other financial investors, and as a means of risk transfer. second, excessive use of bank short-term financial instruments to hold financial assets, leading banks are not allowed to use these tools to adjust short-term debt. therefore, as long as the decline in funding liquidity to the financial system will bring significant pressure.

u.s. over-borrowing is the source of the crisis. the united states is a high-debt, low savings country. this was especially prominent in recent years, the average family will be home as the “automated teller machine” to support the high consumption, because they feel that as long as housing prices, his home equity will be appreciated, as from the bank to obtain a large number of loans to maintain high consumption. once prices fall, their house on insolvency, will lose consumer sources.

macro-economic policy failures. beginning of this century, the u.s. monetary policy, there have been at least twice too far, the first from 2001 to 2003, economic recession and recovery is weak, the fed interest rates from 6.5% to 1%, so contributes ugg bailey button to the use of loans to buy american families house, so as to stimulate the real estate prosperity. the second time was when the real estate and the u.s. economy overheating, from june 2004 to june 2006, the fed again 17 consecutive interest rate hikes, short-term interest rate from 1% adjusted to 5.25%, so the real estate began to cool, the housing prices in 2007, has also begun to fall.

congress to the “two room” too much privilege. fannie mae and freddie mac account for nearly 50% of the u.s. sub-prime, so the two government-backed mortgage companies to fail, the government must protect. the united states congress also has its own goals, that is, the americans can afford housing, political objectives. so banks to provide mortgages in low-income families, the “two rooms” can be for sale mortgage-backed securities guaranteed, these “bad assets” hands to those financial systems. in 2004, after congress has also taken another approach, to put pressure on the two rooms, making them in 2005 and 2006 high-risk mortgage guarantee, this guarantee has increased more than threefold.

financial derivatives implies a huge risk. since the 80s of last century, the u.s. financial industry has created a lot of financial derivatives. 2007 the u.s. financial derivatives worth about 300 trillion u.s. dollars, equivalent to the u.s. gdp, more ugg amelie suede than 20 times. excessive
financial products has led to a mismatch of assets, also led to a growing number
of circumvent the regulatory behavior. chain of investments in financial
derivatives in the end investors have lacked a means of risk monitoring, when
the derivatives of the source of problems in the subprime mortgage assets, when
built on top of that the investment market of financial derivatives like
“castles in the air” generally slumped collapsed. financial rating agencies
dereliction of duty. investment in financial derivatives products, such as
excessive reliance on the u.s. standard & poor’s rating agency to carry out
precisely because global investors confidence in u.s. financial rating agencies,
only purchase a large number of the sub-prime related products. but the rating
agencies, there are many problems in itself, but the models used are the rating
agencies of their own design, the lack of relevant regulatory authorities of the
argument. financial innovation in the derivatives against the backdrop of lack
of government regulation, which is a very important reason. the reagan
administration from the 20th century the early 80s to relax regulation of the
financial industry, whether it is the democratic party, the republican party is
doing, so a growing number of financial derivatives on the subject to government
supervision department. <

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