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nital168 · Joined: 01 Dec 2011 Posts: 1 Location: England

_12425 7000 billion U.S. dollars bailout failed to turn things around. U.S. subprime mortgage crisis led global economic crisis intensified, and has spread around the globe. The World Bank called for a global bailout, some experts pointed out that if they can not effectively contain the economic crisis, the real economy will suffer a deeper harm,personal throws, the financial crisis will evolve into an economic crisis.
Double the rate the central bank once again down at
As the world's fourth largest economy, ranks in the financial fire brigade, it seems the time to turn China debut last week, Chinese leaders would not sit idly by U.S. financial crisis spread around the world where, and As the crisis deepened in Europe, the role of China in contrast. The World Bank called for a global rescue before, China has promulgated a series of policies, from October 15, down from RMB deposit-taking financial institutions deposit reserve ratio by 0.5 percentage points; from October 9, down from year RMB deposit and lending rates by 0.27 percentage points, the other term deposit and lending interest rate adjusted accordingly; a 5% tax on interest. Let the world's major central banks cut interest rates, China's three measures Qi move is an unprecedented move.
Cut interest rates last month introduced the policy. and foreign financial experts have predicted that the end of 2009 China may cut interest rates five times! For small and medium enterprises is undoubtedly good news. SME Bank to relax credit controls what impact? Is spring coming?
This year, due to the subprime mortgage crisis and credit crunch in the context of SMEs generally face the problem of financing. According to statistics, in the first quarter: the commercial bank loans of more than 2.2 trillion yuan, of which only about 3,000 billion in loans to SMEs to implement, only 14% of all commercial loans, 30 billion yuan less than last year .
Reflect the market, central bank credit to SMEs to relax control of the gradual implementation of the technology will help SMEs to upgrade and product transition, but also particularly conducive to technological innovation in the textile business.
Companies never led
On China's traditional textile industry, the first half of this year more than 67,000 small and medium-scale collapse, collapse of the textile industry,chenille throw, more than 10,pattern blanket,000 small and medium enterprises more than two-thirds of textile enterprises are facing restructuring, more than 20 million workers are dismissed. This indicates that the current operation of these enterprises have been more serious difficulties, especially in export-oriented SMEs.
The central bank to inject liquidity of small and medium financial institutions, is a timely policy arrangements, will help alleviate the shortage of funds for SMEs predicament.

Guangdong Liya Po Industrial Development Co., Ltd. Ye Zhongping said: lending remains a key challenge.
Anxious for the small businesses in the dual rate cut in the dry land be only a drizzle. in the With the order, while from the banks borrow, is a complete good news.
, buy raw materials.
no case of large orders, small loans to SMEs, usually only 300,000 to 500,000, 1 million loans have been considered a lot of the.




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