Hot News ( 17/05/2010-24/05/2010)
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1. New State treasury system is implemented in China. Farmers directly benefit from the reform- State subsidies regarding agricultural material flow into farmer’s account.
2. There are signs that a new Future Exchange and the Western Financial Center will be set up in Sichuan. Bulk standardized objects relating to national economy and people’s livelihood, which are not listed in other Province’s Future Exchange, are recommended to be traded in the Future Exchange of Sichuan Province as follows:
(1) Chemical fertilizer. The output of Chemical fertilizer (pure nutrient) reached 4644 thousand tons in Sichuan in 2009, accounting for 7% of the total national output. As standardized industry products, trading of chemical fertilizer in accordance with standardized future contract not only favors the development of chemical fertilizer industry, but also enhances the national support of agriculture industry.
(2) Natural gas. Sichuan province is the second largest natural gas producing province. Natural gas output reached 19.06 billion cubic meters in 2009, taking up 22.4% of the total national output. Future trading would contribute to the reformation of the current natural gas pricing mechanism, ease the contradiction between supply and demand, and improve rational allocation of resources. |