Chile's Government announced the new economic measures 57 billion

According to the Latin American media, in the 57 million, $ 4 billion will come from Chile social and economic foundation, 17 million by issuing bonds on the local market. The new economic measures in addition to compensate for the decrease in revenues, as well as the economic crisis in Chile to help families and businesses.

In January of this year, the Government announced the launch of Chile with a total of 41 billion economic stimulus plan, announced in March and another in support of SMEs. And the latest economic measures is in Chile's Government recently announced this year's economy appears after 0.75% decline.

Chile social and economic foundation was founded in March 2007, start with 25.8 billion capital. The Fund is primarily used to stimulate the national economy development, avoid Government borrowing.

Japan September unemployment rate rising domestic consumption

Japan general provincial and Ministry of health, labour and 30, published a series of statistics, the unemployment rate in September, Japan declined slightly, household consumption expenditure increased by a slight increase, continued to show Japan employment and consumption is improved, the economy is gradually out of the most difficult period.

General, data show, after seasonal adjustment, Japan's unemployment rate in September this year as 5.3%, a decline than August 0.2% decline for two consecutive months, but still at a high level. That day, the Ministry published data that September, Japan display job easy of effective asking rate increase than last month 0.01 percentage to 0.43, 28 months for the first time.

According to the General report of the province, after deduction of the residence, buy cars, gifts and upbringing, and other factors, the September Japan National more than 2 people mean consumption expenditure of households is 27.7110 million yen (approximately US $ 91 Yen-1), an increase of 1% for 2 months-on-year increase. But at the same time, the data show that in September, Japan 2 or more actual salary family income dropped by 0.1% year-on-year to 42.2120 million yen, down for 2 months.

In addition, the General provincial data also show that removal of the price change in the larger fresh foods, the month of September this year, Japan's core consumer price index rose by 0.1% ring, year-over-year decline 2.3% 100.2. Since last year, energy prices, Japan core consumer price index has decreased over 7 months, 9 months drop slightly shrink.

Mexico tax increases the start of the programme

"What is expensive!" which is the majority of people coming for the new year, Mexico's initial feelings. January 4, 2010, Mexico fully raised a number of taxes and services charges levied.

In November last year, Mexico Congress passed the President Calderon proposed tax increase, decided in January 4, the consumption tax from 15% to 16% of personal income tax rate from 28% to 30%. At the same time, cash savings tax threshold from 2.5 million pesos (about us $ 1923) reduced to 1.5 million pesos, while taxes ranging from 2% to 3%.

In addition, apart from the Internet and telephone services in rural areas, the Mexico national telecom industry began collecting a 3% service tax; beer consumption since 25% rise to 26.5%; lottery, betting tax ranging from 20% to 30%.

Affected not just consumers. 2010-1-4 days, all enterprises to pay income tax arrears to the period from 10 years to five years, large enterprises in the year must be paid in arrears of income tax payment of 25%, the remaining part of the payment has been completed in four years.

The Government of Mexico stated that the financial crisis, flu, international market prices of crude oil and other harmful factors on Mexico economy resulted in heavy combat, government tax revenues dropped. In 2009, Mexico's public deficit reached 3 billion pesos (about $ 2301).

U.S. Federal Reserve meeting to suppress the gold price of crude oil and other commodities lower short-term.

<P> Federal Reserve (FED) Beijing Time on Thursday (January 28) announced interest rate decision 03:16, at the same time, the Fed gives a slightly optimistic about the U.S. interpretation of the economic outlook, the Fed announced its benchmark interest rates still at 0 .a historical low of -0.25% to support the moderate economic recovery. .</ P> <P> Fed rate decision will begin later - Economy: The Federal Open Market Committee (FOMC) has been obtained from the December meeting of the information that the U.S. economic activity continued to strengthen, weaken labor market deterioration. .</ P> <P> Fed rate decision will begin later - Inflation: Because a lot of surplus resources is likely to dampen cost pressures, and long-term stability of inflation expectations, the Committee expects inflation to remain for some time at a low level. .</ P>.

A spectrum of economic and trade cooperation in the "Silk Road" a new chapter.

<P> Than 2000-year-old "Silk Road" was to far away China and the Arab world together, and the exchanges between the two ancient civilizations have greatly promoted the progress of human society. .Today, fruitful economic and trade cooperation in Afghanistan, as the "Silk Road" and then New Chapter. .13 will be opened in Tianjin, China-Arab Cooperation Forum, the Fourth Ministerial Conference of the bilateral economic and trade cooperation will add new vitality. .</ P> <P> pragmatic cooperation </ P> <P> exchanges between China and the Arab world, began in economic and trade exchanges. .In the new situation, China-Arab Cooperation Forum was established in 2004, has now become the two sides mutually beneficial economic and trade cooperation platform. .Chinese President Hu Jintao, the early days of the forum, said the two sides have common development goals should be, close economic and trade exchanges. .Arab League Secretary General Amr Moussa that the Arab economic and trade cooperation enjoys huge potential that this cooperation should be given more meaning. .</ P> <P> China and Arab countries in the energy, market and technology have strongly complementary. .Arab countries have the geographical advantage and abundant resources, and abundant capital, and Chinese enterprises with proven technology and industry support. .Further promote mutually beneficial economic and trade cooperation and Arab-Arab Cooperation Forum as an important part, for the two sides established a business conference, seminars and special economic and trade cooperation in the General Assembly and other important energy cooperation mechanism. .</ P> <P>-Arab Business Conference held every two years by the Chinese and Arab countries take turns hosting, held three times so far. .Participants in the current situation and prospects of Arab economic and trade cooperation and how to facilitate trade and investment issues such as depth, enhanced mutual understanding between the business community. .</ P> <P> data show that before the establishment of Sino-Arab Cooperation Forum in 2003, the trade volume was 25.43 billion U.S. dollars, O, 36.7 billion U.S. dollars in 2004, 2008, soared to 132.89 billion U.S. dollars, ahead of schedule in 2010 .The bilateral trade volume increased to 1,000 billion target. .</ P> <P> In addition, two-way investment between China and Arab countries continued to grow. .In 2003, China's direct investment in Arab countries is only $ 17,260,000, more than 182 million U.S. dollars in 2004. .As of 2008, the Arab countries total actual investment in China reached 15 billion U.S. dollars, China's total investment in Arab countries, $ 2,650,000,000. .Argentina in project contracting and labor export has also made great progress. .</ P> <P> to overcome difficulties </ P> <P> 2008 年 9 月 outbreak of the international financial crisis to the world economy brought a "cold," China and Arab countries are subject to more serious economic impact. .Arab Federation of Chambers of Commerce Xikasaer April 2009 at the Dubai International Financial Conference, said that Arab countries in foreign investment losses of 2.5 trillion dollars. .Moreover, as international oil prices plummeted and the country's financial market downturn, the Arab countries lost more than 600 billion U.S. dollars. .</ P> <P> face of the international financial crisis, the two sides have expressed their determination to overcome the difficulties. .February 2009, Chinese President Hu Jintao visit to Saudi Arabia called on Arab countries to strengthen China and the Gulf Cooperation Council member countries in the financial sector coordination and cooperation, encourage mutual investment, in response to the challenges of the international financial crisis. .Two months later, the third China-Arab Cooperation Forum held in Hangzhou, China Business Conference, the participants stressed the need to work together to address challenges and seek common development. .</ P> <P> work together, the two sides have effectively stopped the declining trend in trade and investment, and establish closer economic and trade ties. .Data, by the international financial crisis, bilateral trade volume in the A decline in 2009, but still close to 110 billion U.S. dollars. .China and Arab countries although not completely out of the current financial crisis, but has embarked on the road to recovery. .</ P> <P> chief China economist at Royal Bank of Scotland, Simpfendorfer 2009, the author of the "New Silk Road", which sought to resolve the new situation in relations between Arab countries and China. .Wrote: "Trade and the rapid development of bilateral relations has become the main driving force, a new Silk Road to China and Arab countries are more closely linked." There is no doubt that the upcoming Sino-Arab Cooperation Forum .fourth Ministerial Conference of Sino-Arab trade and economic cooperation will inject new impetus to international observers will also examine the Sino-Arab relations provide a unique opportunity. .</ P>.

G20 outbreak of US-European differences in the United States put pressure on China's shift the focus from the European Union.

<P> European economic and financial crisis - the economic claims, will become the focal point of Toronto G20 summit, the United States at the meeting of the key focus and pressure will also be directed against China and turn against the EU. .</ P> <P> RMB exchange rate issue is not the focus </ P> <P> Group of Twenty (G20) summit meeting will be the fourth time June 26 to 27 major cities in Canada, the first being held in Toronto .International, local media and observers once thought that the RMB exchange rate issue will be the focus of the summit debate. .</ P> <P> but the June 19 People's Bank of China announced "further promote the reform of RMB exchange rate formation mechanism, strengthen the RMB exchange rate flexibility," the decision, the RMB appreciation against the U.S. dollar to regain the pace. .22, 1 U.S. dollar psychological barrier of 6.80 yuan a breakthrough, but also the highest since July 2005 the RMB exchange reform since the highest level. .As a result, the US-led Western countries in the G20 summit lost criticized China's excuse for squeezing. .Published in Europe, the United States, "International Herald Tribune," has pointed out that the focus of this summit is likely to move to Europe. .</ P> <P> now, the European Union summit in this idea of G20 and the multiple differences with the United States, is forming the focus of both parties and third parties. .</ P> <P> European Union has finalized three ideas </ P> <P> the leaders of the 27 EU member states in Brussels on June 17 will be held Xia Jifeng. .G20 summit in Toronto to determine the EU common position on one of the topics is the focus of the meeting. .</ P> <P> been fully discussed, the main heads of 27 3-point consensus reached: First, the requirements of G20 members in their efforts to promote global financial reform, strengthening supervision of financial institutions, increase transparency in the operation of financial institutions; II requirements .G20 member states to implement an exit strategy as soon as possible, to stop the implementation of large-scale implementation of the financial crisis stimulus. .Countries to implement the exit strategy can have the order, but must take concerted action; three members of the G20 requires financial institutions to impose financial transactions tax. .</ P> <P> the first point, Europe is essentially little difference. .But for the remaining two points, their differences are more apparent. .</ P> <P> United States and Europe in the summit clash has started </ P> <P> 17 EU summit urged to tighten fiscal spending G20 members of the implementation of the exit strategy, 18 the White House announced that President Obama tit for tat .Ma a letter from the head caused by G20 members. .</ P> <P> Obama stressed that the current turmoil in the economy or not the loss of growth momentum, countries must work together to support policies conducive to economic growth. .If the slowdown in economic growth, countries should also be prepared, if necessary, to make swift and strong response again. .</ P> <P> This means that the real U.S. economy strong recovery, Obama does not want other countries to stimulate the economy out of the plan; the contrary, if necessary, should be added stimulus. .</ P> <P> the pressure for Obama, the EU does not show weakness. .German Chancellor Angela Merkel on 19 videos in the government's official website address, urging countries to implement the exit strategy. .</ P> <P> Merkel said: "European views of the participants are: the rapid withdrawal of fiscal stimulus plan is to avoid recurrence of similar crises in the future the urgent need." </ P> <P> day, this G20 summit .Canada to host the open position, and is standing on the EU side. .</ P> <P> Canadian Prime Minister Stephen Harper had 19 open letter addressed to heads of G20 member countries, the developed the proposed members of the G20 member countries to halve by 2013 the fiscal deficit and stabilize the level of government debt, thereby .eliminate the uncertainty of economic growth and financial instability risks. .</ P> <P> Western media pointed out that the consistent position of the European Union and Canada, will continue related to the G20 summit on the dispute, and may even make the summit results greatly reduced. .</ P> <P> difficult to be consistent with the financial transaction tax support </ P> <P> EU summit statement also said the meeting adopted, G20 member countries should explore the implementation of the possibility of global financial transactions tax, and methods. .European Commission President Rompuy said that if the G20 countries do not support the proposal of Europe, Europe will separate. .</ P> <P> financial transactions tax is levied on the spot foreign exchange transactions worldwide harmonization of tax, its main purpose is to ease international capital flows, particularly short-term speculative capital flows caused by the rapid expansion of the scale of exchange rate instability. .This tax is a U.S. economist, 1981 Nobel laureate in economics James Tobin, 1972 speech at Princeton University was first proposed. .He then proposed "to the rapid operation of the international financial markets throw some sand in the wheels." .Thus, financial transactions tax, also known as the "Tobin tax." .</ P> <P> 2009 年 9 months, when the then British Prime Minister Gordon Brown has proposed tax on bank transactions. .However, this position was the U.S. veto. .</ P> <P> local media that the EU initiative to impose financial transaction tax is almost impossible to obtain the unanimous support of G20 members. .</ P>.

G20 consensus fiscal tightening could become very critical attitude toward the United States.

<P> Although the United Kingdom, Japan and the euro area have recently proposed a large-scale multi-national fiscal austerity plan, but it is to be held this weekend the leaders of the Toronto Summit of the Group of Twenty Finance reached a consensus probably is not easy to tighten. .</ P> <P> accept the China Economic Times reporter interviewed the experts believe that fiscal tightening if the summit will be the focus of discussion in Toronto, but countries in the orientation of fiscal policy, there are still significant differences, the European countries .has begun to tighten fiscal, while the U.S. still call on all countries to maintain a certain degree of fiscal stimulus, given the G20 in the United States in the absolute position and firm attitude in the G20 finance summit to tighten the hard to reach consensus. .</ P> <P> past two years, in response to financial crisis, the world began a massive fiscal expansion policy, which is to stabilize the world economy play an important role in recovery. .But at the same time, extremely expansionary fiscal stimulus plan, but also to a loss in the private sector transfers to the government crisis, debt crisis threatening the world economic recovery has become the new "devil." .</ P> <P> data from the World Economic Forum, the Group of Twenty members of the current fiscal deficit to GDP ratio of nearly 8% on average. .This data has been seriously out of "Maastricht Treaty" in 3% of the standard. .</ P> <P> present, in order to prevent the spread of the debt crisis and to ensure financial sustainability, not only the depths of the core euro-zone European countries the debt crisis, frequent introduction of fiscal austerity measures, the United Kingdom, Japan, Canada also intends to tighten .finances. .</ P> <P> British Chancellor of the Exchequer announced Osborne June 22, 2015 fiscal year, the United Kingdom to basically eliminate the "structural" budget deficits, GDP, the deficit down to 1.1%. .UK's current deficit hit a record share of around 11% in the Group of Seven in the top of the list. .This year the UK's public debt will reach 149 billion pounds, Osborne said fiscal year 2011, this figure must be reduced to 116 billion pounds, will have the next four fiscal years was reduced to 89 billion, 600 billion, 37 billion .and 200 million pounds. .</ P> <P> in the day, the Japanese government announced a fiscal tightening plan. .According to the Japanese cabinet meeting the government announced the "Decade of the financial strategy", the Japanese authorities prior to fiscal year 2020 plan, based on the national and local revenue and expenditure surplus. .In the 2015 fiscal year, the basic fiscal deficit to GDP ratio of less than half of the fiscal year 2010, achieving a surplus in fiscal year 2020; in the 2021 fiscal year, the Japanese national and local public debt in the total balance of the gross domestic product .The ratios will steadily decline. .In addition, fiscal 2011 to fiscal year 2013, the state financial expenditure based on fiscal year 2010 shall not exceed the level of local expenditure and fiscal year 2010, considerable. .</ P> <P> Ye Tian Jiayan Japanese Finance Minister said that the occasion of the upcoming G20 summit, he will try to win the trust of all parties, so that other members believe the markets and G20, the Japanese government introduced a new fiscal reform program will be able to .improve Japan's fiscal position. .</ P> <P> addition, the Canadian Prime Minister Stephen Harper on June 19 letter also said that G20 members, to stimulate economic growth, but also the implementation of fiscal reform in the next year; he suggested, G20 in the developed economies .body members to halve the deficit by 2013, and stabilize the government debt to GDP ratio, thereby eliminating the uncertainty of economic growth and financial instability risks. .</ P> <P> "Although there are many countries to tighten fiscal, but the rapid withdrawal of fiscal stimulus plan will not become a mainstream trend." Academy of Social Sciences Research Office, the U.S. economy in the accepted red Wang Zi-China Economic Times said the interview .At present, the developed countries want to tighten fiscal is still a big differences, especially the practice of these countries with the largest developed country in the world, the idea of the United States vary widely. .</ P> <P> According to "The Wall Street Journal," said Obama worried about the world economy as the United States when it was 30 years of last century into the second recession, it plans to G20 meeting in Toronto this week its economic partners Shi .pressure, called for global economic recovery still uncertain, States should be more cautious on fiscal austerity. .Obama will urge him to continue the implementation of the economic partnership, "extent" of the fiscal stimulus policies to maintain economic growth. .</ P> <P> Wang Zi Hong believe that the U.S. attitude is very important, the current situation, States United States does not want to exit the fiscal stimulus, because the tightening of financial market will lead to reduced demand, not conducive to the goals of U.S. exports, and employment status .for the better. .</ P> <P> the U.S. Treasury Department website, as of June 17, 2010, the federal government's debt over 13 trillion U.S. dollars, 90% of U.S. GDP. .Although the large size of the debt the United States, but Wang Zi-hong that the country's debt relative to European countries is much lighter. .He said the severity of the debt amount is not entirely dependent on the size, is mainly dependent on the debt arrangements, the quality of the U.S. debt is still possible, and the dollar also generate a strong credit support, liquidity is relatively strong .The. .So the current United States will not tighten fiscal. .</ P> <P> Shanghai Institute for International Research Fellow, Charles Xiaogang, the world economy in an interview with China Economic Times reporter also expressed the same view, "the U.S. will not follow the trend of tightening finances, do not want to fiscal .tightening of the country take their ride, it is hoped that a better financial position to continue to maintain the state fiscal stimulus. "</ P> <P> the wishful thinking of the United States did not receive support. .In addition to its stance in recent days the United Kingdom, Japan, Canada, the European relatively good financial situation of Germany, France and other countries have joined the ranks of fiscal tightening. .German Chancellor Angela Merkel said the June 19 European countries in the G20 summit called for rapid exit of governments fiscal stimulus plan. .She said, "European views of the participants, the rapid withdrawal of fiscal stimulus plan is to avoid the recurrence of similar crises in the future the urgent need." </ P> <P> "any withdrawal of fiscal stimulus, will become a hot topic in the G20 summit in Toronto .. "But the investigation Xiaogang believe the rally will urge the summit more serious fiscal problems the state has adopted prudent fiscal policies, fiscal tightening and will not reach a consensus, the world will not enter the period of fiscal austerity. .</ P> <P> In addition, Wang Zi Hong believe, G20 summit is just a platform, rather than the organization has a strong binding, countries can at the meeting agreed to withdraw the policy is not very important. .</ P> <P> Chinese Academy of Social Sciences Research Center of the U.S. economy in Xiao Lian interviewed said that although the G20 is a platform, but the U.S. is the leader behind the scenes, the right to speak mainly in the United States, the summit .which eventually reached a consensus on the role of the United States great. .</ P> <P> search Xiaogang said that the main role is to coordinate the summit of Toronto, for the direction of fiscal policy, countries should not just from their own interests, but should be coordinated, and to maintain growth, build market confidence as the main .goals, developed in consultation with the rhythm of the exit program. .In his view, financially capable of countries to implement the proactive fiscal policy; and financial problems of the country, the need for sound financial planning, restore investor confidence, but in the process, countries should fully open business, trade ., investment, and not in the implementation of fiscal austerity, it is also engaged in trade protectionism. .</ P>.