Gao Fei is the pen name of a journalist from China now living and working in the U.S.
Another look at the corporate income tax bill, downplaying its potential crushing effect on foreign investment. From People’s Daily Online: Chinese Premier Wen Jiabao said Monday that the timing and conditions are now ripe for unifying the enterprise income tax rates for domestic and overseas-funded enterprises to “level the playing field.” Wen made the remark […]
Read MoreFollowing Black Tuesday, some explanations, from Time Magazine: Chen Jing was one of the lucky ones. The 56-year-old retiree, who lives in Shanghai, dabbles a bit in local stocks, exchanging investment tips with what she calls her “mah jong friends,” a group that gets together each week to play and chat. Just before the Chinese […]
Read MoreThe domino effect is to be seen following China’s Black Tuesday. From AP, via The Sydney Morning Herald: Chinese regulators shifted into damage control, denying rumours of plans for a 20 per cent capital gains tax on stock investments as share prices recovered modestly today following their worst plunge in a decade. About an hour […]
Read MoreFrom Forbes: They’re calling it Black Tuesday in China: local stock markets unexpectedly sold offt, losing nearly 9% of their value, and putting pressure on equity prices around the world. Analysts said the Shanghai and Shenzhen markets were reacting to widespread rumors of plans by the Chinese government to raise interest rates or institute a […]
Read MoreFrom Xinhua, via People’s Daily Online: As the Chinese government is considering easing control over foreign investment in the futures sector, foreign investors are reportedly rushing into talks with potential Chinese partners on possible mergers and acquisition. The Hong Kong-based securities brokerage CLSA is said to be in negotiation with Xiangcai Qinian Futures, founded in […]
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