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Wen Jiabao the 69 year old the sixth and current Premier of the State Council of the People’s Republic of China, serving as China’s head of government has called for the break-up of a banking “monopoly” over lending practices that has prevented businesses from borrowing the money they needed for expansion. Wen stated during tours of company sites in Fujian Province and the Guangxi Zhuang Autonomous Region, “Regarding raising funds for your businesses, I think it has been too easy, quite frankly, for our banks to make profits, the reason is that a small number of large banks are in a monopolistic position. It is only from them, and nowhere else, that companies get the loans they need. This is why we’ve now come to make way for private capital to enter the financial services sector, which ultimately requires breaking monopolies. There is already a consensus among the central leadership, which is reflected, as you can see, by the pilot reform in Wenzhou. I think some successful practices from Wenzhou’s pilot reform can be introduced nationally. Some of the practices may even be immediately implemented. The monopoly in the sector makes getting loans expensive. Private businesses, especially smaller ones, have to get cheaper loans to flourish.”

 

Inspired by Chinaorgcn http://ow.ly/aEeXD image source www.kremlin.ru http://ow.ly/aEfls

Anna Maria Bligh the 50 year old Premier of the Australian state of Queensland, under enormous pressure resulting from the flood inundation of the state They breed tough north of the border (January 14 2011)

Anna Maria Bligh the 50 year old Premier of the Australian state of Queensland, under enormous pressure resulting from the flood inundation of the state displayed a raw and emotional performance at a flood briefing. Shedding tears as a media conference Bligh called on the Queensland residents to stay strong in the face of the flood devastation, reminding them of who they are “We’re the people that they breed tough, north of the border. We’re the ones that they knock down, and we get up again.” Bligh has herself been praised for her tireless work during the natural disaster that struck her state, and for her honesty, compassion and leadership. Bligh is renown for her straight talking without the usual spin that generally accompanies politician speak.

 

Inspired by Paul Osbourne ow.ly/3IfPf Image source ow.ly/3IfP0

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