Chinese authorities confirm support for the euro
Chinese authorities have this weekend confirmed that their ongoing support for the euro and European government bonds is as strong as ever. It seems as though the Chinese authorities are determined to assist with creating a more stable Europe which will in due course assist the overall worldwide economy and Chinese exports in particular.
Despite the fact that the Chinese authorities have already ploughed millions of pounds into the currency markets and the European bond markets, and recently seen these investments fall in value, it seems that the EU can still count on the support of the Chinese government. Indeed the authorities recently visited Greece and confirmed that as and when the Greek authorities are ready to move back into the bond market they will be amongst their main supporters.
It is the Chinese economy and the US economy which will literally dictate the direction of the worldwide economy as well as the Eurozone. It is encouraging to see these superpowers coming together and effectively "singing from the same hymn book" at a time when a collective approach to the worldwide economic problem is required. This is a massive change in the China of many years ago which was secretive, often unhelpful and something of a mystery to many around the world.
Share this..
Related stories
More needed to get the economy moving
Prime Minister David Cameron has recently made claims that the UK is in a better financial position than it was back in 1930. He denied claims that the slump witnessed over 80 years ago was similar to that of now. He said: "We are obviously facing in Europe a difficult set of circumstances that is harming our growth and our prospects and its going to take time to fix. Frankly, Britain needs to...
Read MoreFSA warns banks about remuneration packages
Just 24 hours after the potential £9.6 million remuneration package for Royal bank of Scotland chief executive Stephen Hester was announced, the Financial Services Authority (FSA) has warned banks not to slip into the "business as usual" mode. Without specifically mentioning the Stephen Hester situation it would appear that a number of UK banks have moved into the staff recruitment sector in a ve...
Read MoreMarketing budgets cut in second quarter of 2010
A survey of 300 British companies has today found that marketing budgets were cut in the second quarter of 2010 as sentiment fell to its lowest level for 12 months. This comes at a time when the UK economy is under severe pressure amid concerns it could be edging back towards a double dip recession or at the very best a significant slowdown in economic activity. So what has caused this marketing b...
Read MoreBank of England to hold biggest ever review of UK markets
28/10/2014 The Bank of England are set to launch the biggest ever review of the financial markets in history. They are looking to restore consumer trust in the financial industry, after several investigations uncovered a number of rate-rigging scandals. Recent rate-rigging scandals included Libor fixing, whilst investigations have also revealed alleged attempts by investors to fix the gol...
Read MoreAgency Staff And Full Time Staff Will Be Equal
After a number of years in the making it seems as though the government, the unions and the CBI have come to an agreement about how agency workers are treat in the workplace. For many years some companies have made use of agency staff to cut their costs and pay them less than full time staff doing the same job. Many companies have also been able to reduce other costs such as pension contribution...
Read More