Gathered in the U.S. Big Three auto show in Shanghai that "China's most important"

By Zou Frbiz

April 21 news: According to Shanghai Morning Post, in a lot of trouble, the United States to temporarily withdraw from the three cars out, hopefully come to China this car is fast-growing consumer market for the future path of rejuvenation.

Yesterday, General Motors, Ford Motor, Chrysler gathered in the Shanghai auto show, the three giants will not only bring their own in the world top within the scope of new products, and the United States eager to whitewash the issue of business on the Chinese market, and that China the market will be the key to reviving the company.

General:

Buick reservations, shove novel goods

General Motors --- a lot of trouble at the moment "is bankrupt" no conclusion has been drawn with the trade unions, creditors continued to negotiate the sale of Hummer, Saab negotiations are underway. It is precisely because the face of so many problems, General Motors, "the new head of" Henderson the end of the current absence of the Shanghai auto show.

"Big brother" did not come, president of GM Asia-Pacific region has become Lorie legislation was the subject of questioning. For "universal in Asia-Pacific region and China's future," said Lorie legislation, General Motors has decided to cut demonstration in the Asia Pacific region, to secure the deductions of demonstration size, where numerous factories to secure the erected plan endeavour and component of the expansion of novel goods, which may include a lot of distributes South Korea and the growth rate of the diminish in finance in Thailand, India, Australia, business.

Lorie Li furthermore worried that all of the overhead shrink the design does not encompass the Chinese market. Lorie Li said that China and the Asia-Pacific market is GM's international development scheme for the Center, GM's long-term achievement will count on China-based Asia-Pacific market, the achievement of General Motors in the rehabilitation method, the Chinese market will play an significant function .

Lorie Li revealed that General Motors will continue to invest in new products, new factories and new technologies, and strive to introduce the next five years 30 new products, "based on the Buick in the tremendous success of the Chinese market, GM has told the United States Government, General Motors will Buick reservations, the U.S. government also has agreed to. "

Chrysler:

Efforts to return to the mainstream of the Chinese market

11 days later, Chrysler will face a huge test --- "life is disappearing." Nevertheless, the Chrysler business in China is still full of desire.

Chrysler John Kett, president of the Asia-Pacific region said yesterday, the next 12 months to 36 months, Chrysler will have a large number of new products, new technologies enter the market one after another, "In the medium and long-term plan for Chrysler, China the market will have a very important position, Chrysler will try to return to China to the ranks of mainstream cars. "

John Kett, said Chrysler is actually in China, very significant to find partners.

Very significant due to the Chinese market, John Kett said Chrysler goods in the development of the next lifetime will give more concern to the desires of the Chinese market and development trends.

Ford:

Plans to move into the Asia-Pacific headquarters in China

And General Motors, Chrysler, compared the situation, Ford is currently in normal operation, but in China for the U.S. auto giant equally important.

According to learning set free by Ford in 2010, Ford will be the fresh in the world's vitality and transmission mechanical supplies into the Chinese market. At the same time, Ford is planning to be the Asia-Pacific region and Africa Regional Headquarters in Bangkok, Thailand, transferred from China, and the establishment of the runs of other centers.

In supplement, Ford Motor in China will further improve the strategic placement, "Ford's global reorganising in the transition plan, China is recorded as an noteworthy strategic placement, the future of Ford in North America, Europe and China, the layout of the global goods line." Relevant separate population Said. - 21392

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Joseph Yam: RMB overseas step-by-step boost the use of

By Professional editor working for cheaponsale.

The Hong Kong Monetary Authority Chief Executive Joseph Yam in his once a week Thursday post "Viewpoint" that there are signals that other than the use of RMB in China has advanced and is looked frontwards to to use his foreign step-by-step increase.

Said Joseph Yam, Hong Kong is "an ideal testing ground" to help push forward the liberalization of RMB.

Following is the full text of Mr Joseph Yam, outlooks Comments:

"When a currency exterior the nation which are extensively employed, broadly chatting cited to as provincial or global currency. Basically, this means that other than the currency in the nation in addition play a unit of account, average of exchange and warehouse of worth roles, for instance denominated as a cross-border trade in entities, and other retain currency of the anchor currency. But what elements will lead to a currency other than in their use of it? foremost, of course, the currency ought be viewed as very tough, with market participants ought be keen to retain the currency for the worth of storage. At the matching time, the currency to be without hesitating convertible, in order that can in addition retain non-national residents.

Clearly, multi-currency are in line with these criteria, but only a couple of can become a really worldwide currency, which should thus furthermore engage other factors. Economies of scale is one of the factors. A large and comparable economic part in trade and open financial scheme, it will routinely have a large number of foreign exchange transactions. These transactions engage not less than part of the localized currency. In supplement, a large-scale, open and sound economic markets is identically significant because it can supply adequate localized currency-denominated assets, in alignment to rendezvous the desires of worldwide investors. In supplement, the economists furthermore sharp out that the so-called "network externalities" is furthermore very important. When the nations other than their own finances in the use of the currency, it will step-by-step pattern a kind of inertia, we will extend to use the currency for worldwide transactions.

Only a couple of in the annals of the currency to get the rank of the International Monetary true. After the end of the Second World War, whereas from time to time on the U.S. mislaying its superior place of worldwide conjecture and consideration, the dollar has been the world's major book currency. In latest years the euro has become the second most widely-used worldwide currency, the euro, some persons forecast it will dispute the rank of U.S. dollars, the future development of a "polarization" situation. To a certain span, the emergence of the euro can be considered as the German assess an elongation of a broadly acknowledged, and absolutely the introduction of the euro currency in alignment to endure and reproduce in the amplified space. This displays that the foremost currencies in worldwide trade and the significance of economic transactions will step-by-step develop over time, but the evolution of the method is somewhat slow.

In the international economic urgent position, the What is the best scheme of worldwide monetary principle one time afresh become the aim of discussion. With the ever-increasing financial power, Asia has large promise in the future simultaneously with Europe and America directed the world to become significant drivers of financial growth. In this, as some persons mentioned to a "three-polarization" of the international natural environment in the long run, more satisfactory to the worldwide monetary scheme should contemplate the distinct districts in the international finances, the significance of the structure, therefore assisting to the adoption of trade and buying into disperse risk, and encourage international economic stability.

As one of the world's largest economies and trading nations, China will continue the rapid development of global trade and production as a significant force. On the other hand, in July 2005 the RMB exchange rate formation mechanism reform, the RMB exchange rate flexibility has increased. At the same time, there are indications that the RMB outside the mainland of China has increased, despite the current use of the yuan is limited to close contact with Mainland China's surrounding areas, but there is still a relatively limited scale.

As a large development promise and dynamically encourage open finances monetary currency, the yuan in the mainland out-of-doors a progressive boost in the use of natural. However, I accept as factual the RMB and other locations in the district are broadly utilised will be a step-by-step method to double-check that the promise dangers are correctly managed. In this consider, Hong Kong presents an perfect check location, will help double-check a glossy unfastening assesses associated to the glossy progress. - 21392

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International coal market of the critical short-term provide and demand imbalance

By Zou cheaponsale

By the global financial crisis and the impact of economic recession, the Asia-Pacific region the main coal-importing countries, a significant decline in coal demand, with the result that the international coal market of the severe short-term supply and demand imbalance, a substantial decline in international coal prices, coal prices are low.

Access to domestic energy prices in 2009 continue to maintain low, but in mid-March and early April in both the International Energy prices rebound in the bottom of the situation, it is expected a new round of global economic growth to stimulate the implementation of the plan, the global economy is expected to curb recession momentum and gradually climbed out of a slump, the economy bottomed out pick-up will help to increase global energy demand, at the same time to stimulate the energy products prices.

Overall, the international coal market, after more than half a year of continuous adjustment of the price "bubble" has also disappeared. In production costs and the need for rigid support of the basic forces, international coal prices down is basically non-existent space, the latter will be stable and rising.

International Energy yield, principally coal costs will rebound in the second quarter of the in the household coal deliver and demand have an valued consequence, which chiefly mirrored the consequence of in the household coal enterprises to advance the exuberance of trade overseas curtail in the household coal deals from the global community. - 21392

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Auto Sales Training: 3 Ways to Sell More Cars

By Mak

In the car sales industry there are lots of things you can do to become more effective. Making more sales is easy when you know the most effective sales techniques. By changing a few things that you do when dealing with customers you will be a much more effective car salesperson. The following three things will help you get started on the right foot.

Automotive Sales Training Tip 1: Start with a Great Impression In less than one minute a customer will decide whether are the person they want to buy from, feel you are professional, and whether they want to buy from you or not. I bet you never knew 60 seconds could be so important. If you are not able to make an impression in the first minute there is no way you are going to sell a car. If you want to make a good impression you need to dress and look like a professional. Throw away the khaki pants and plaid shirts and purchase a suit. Make sure you are clean shaven and have a nice haircut.

Car Sales Training Step 2: Introduce Yourself Correctly If you want to go from complete stranger to "that great salesman we bought our car from" you have to start with a great introduction. Quit asking "What can I do for you?" Everyone knows you sell cars and if they are on the lot they probably want to buy one. You should start the introduction by saying, "Hi my name is____ and you folks are____?" Next move straight into the question that will help you discover which car is best. Who is the new car for? What kind of car are you looking for, a truck, car or minivan?

Car Sales training Step 3: Get to Know Your Customers Making a connection with your customers is the most important step to closing the deal. Find things you and the customer have in common. Do you both like to play golf, go camping, or did you both go to the same college? Your customer will feel more comfortable opening up and listening to your suggestions if you have things in common.

If you can't find anything that you have in common, think of someone you know that does. For example, if the customer like to travel and your parents just got back from a long trip you can use that fact to build a conversation and rapport. If your customer thinks you understand their wants and needs you will be much closer to making the sale. - 21392

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Steel charges fallen back to 15 years before, metal and iron alloy enterprises miserable day

By Professional editor working for himfr.

Affected by steel prices remained low, and foreign steel companies across the days it seems that the more painful - profits continued to decline, more and more losses.

"My metal and steel," the newest statistics display that over the past week, household iron alloy charges proceeded to tendency down, this is the tenth successive week of down turn steel. Plate charges proceeded to down turn, has been tapered, the large-scale cost decrease in tons of 100 yuan or less; warm and freezing revolved somewhat smaller charges, the Shanghai market broad hot-rolled merchandise specifications tons round 3080 yuan cost grade consolidation; large tons of material charges in the cost fall of 20 yuan.

And the trend of steel prices continued to fall in line, the profitability of domestic steel companies are also drastically reduced.

The night of April 19, China's Wuhan Iron and Steel Company portions of foremost iron alloy output in 2008 Annual Report issued in 2009 and the quarter described by the provision for down turn in worth of large supplies, as well as groundwork for the considerable decline in iron alloy demand for the influence of the year in 2008, as well as the presentation of the first quarter of this year, there down turn - 2008 functioning earnings was accomplished 73.339 billion yuan, up 35.41 per hundred development, but down turn as a outcome of provision of supply prepared to 1.645 billion yuan, ascribed to shareholders of recorded businesses snare earnings of 5.189 billion yuan, up 20 per hundred decline. Worse still, the realization of the first quarter 2009 functioning earnings 10.913 billion yuan, up 30 per hundred fall in snare earnings 263 million yuan, up 87.17 per hundred year-on-year decline. Wuhan Steel portions pessimistically state that this year is still hopeful about the general position, the first half of the presentation of the identical time span last year will be down more than 50%.

Prior to this, iron and steel enterprises in China Baoshan Iron & Steel announced in 2008 the total profit was 86.7 billion yuan, up 55.1 percent decline, down more than WISCO.

The downward spiral in hard metal market is not only the consequence of steel and hard metal enterprises in China, the global hard metal oversized is in addition "very injured."

April 20, Japan's largest steel companies Nippon Steel Corporation said that its fiscal 2008 regular profits over the previous fiscal year is expected to shrink by 43%, only 320,000,000,000 (about 3.2 billion U.S. dollars). Than its forecast in January when the 400 billion yen.

Nippon Steel said that the automotive and electric commerce as a outcome of foremost customers to elaborate output of its iron alloy yield proceeded to decline. First quarter of this year dropped to the output design the company's annals since the origin of the smallest issue, only five million tons. Actual output may be poorer, even less than the design for more than 300,000 tons.

Earlier in the day, another big South Korean Pohang Iron and Steel Rail said that as of March 31, its last year's net income fell 68 percent, which is the company since the first quarter of 2001, the largest decline since.

"China's hard metal habitation of the second quarter of arduous to foundation out." To the flow of steel and hard metal analyst Productivity Center Rongliang He said that the Chinese hard metal market after the end of the commencing of the year short-term rebound, costs plunged stridently again. At present, the market demand, shrinking trade overseas, while hard metal goods produced in addition did not realise the wished for objectives, the complete downward spiral in hard metal market. In the worldwide economic procedure is looked frontwards to to carry on heading down, the overload steel and hard metal goods produced under the insist of the second quarter of the in the household hard metal market has bottomed out, costs rebounded stridently difficult.

China Steel Association current statistics present that 3 at the end of the in the household composite hard metal charge indicator to 97.59 points, plunged 44.72 points, 31.42 out of 100 decline. China Steel Association in the training of the charge indicator in April 1994 of the composite hard metal charge for 100 points, it is blatant that the integrated hard metal costs have now less than 15 years ago.

"China's surplus iron alloy capability considerably, the market provide force, more significantly, altered the tendency of the international finances down." However, Rongliang He said that iron alloy charges have dropped harshly, and charges have fallen to the reduced charges the last cited space small. Steel charges in May in the general enterprise natural environment will be advanced, will go in a somewhat steady time period. - 21392

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