英文要目

China’s New Role in World

The global financial crisis made traditional developed countries like the United States and European countries trapped in difficulties. Meanwhile the total economic aggregate of China came the second in 2010 and is estimated to reach RMB 86 trillion in 2020. The relationship between China and those developed countries will be adjusted in the future.

Peer-to-peer Lending Needs Regulation

Peer-to-peer lending websites， or P2P， are developing quickly in China with the total amount of over 200 firms， but risks have been exposed in this sector. The central bank of China has implemented a series of research on the P2P websites.

UBS to Cut 10000 Jobs

UBS Ag， Switzerland's largest bank， will cut as many as 10000 jobs companywide in the next three years after the bank reported loss of 2.17 billion Swiss francs for the third quarter. UBS will continue to reorganize its team and remodel the firm to cope with the severe situation.

Suntech’s Salvation

Shi Zhengrong， the founder of Suntech Power， flied to Beijing to negotiate cooperation details with bank leaders at the end of October. The cooperation plan will be published in the middle of November. It’s confirmed that Shi’s personal assets haven’t been mortgaged and equity interests haven’t been transferred.