Released on: September 15, 2008, 12:49 am

Press Release Author: Richard Drake

Industry: Financial

Press Release Summary: Cornerstone worldwide: China’s tax cuts and increased public
spending plans to ensure economy grows.

Press Release Body: Cornerstone Worldwide reportedly welcomed news that China's
leaders are planning tax cuts and a public-works spending program to ensure their
economy's growth continues.

The Asian-based investment manager believes this will provide a welcome boost for
some of China's Asian neighbors, including Korea and Taiwan.

“Inflation in China has begun to fall as this means the additional spending
shouldn’t have an adverse effect on the economy,” said a source close to Cornerstone
Worldwide.

The new initiatives should help to boost commodity producers around the world whose
profitability have been endangered by the global economic slowdown. Cornerstone
Worldwide have apparently been one of a relative handful of commentators retaining
their bullish stance on commodities in the face of waning optimism.

Relaxed lending restrictions and the arrest of an appreciation of the Yuan are seen
as underlining the reluctance of the Chinese authorities to allow a sharp slowdown.


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