In accordance with the provisions of registered voters at least Liucheng, the results to be valid. Referendum Committee that the end of the fourth day of voting, turnout has been achieved this provision. Observe the voting process in Sudan, former U.S. President Jimmy Carter said turnout could reach 90%, one hundred percent rate of a few polling stations.
referendum on the morning of 9, started a week. Local time, all the polling stations closed on time at 18:00 on the 15th. Referendum Commission officials told AFP: personnel to polling stations in remote areas ballot boxes delivered to counting locations. Counting process as long. Preliminary results of the referendum will be announced at the end of this month, final results scheduled for Feb. 15 announcement.
referendum in southern Sudan ended 15 afternoon local time. Referendum organizers and international observers that the voting went smoothly, the voting rate.
Thursday, January 20, 2011
Wednesday, January 19, 2011
Liaoning outbreak of infighting Hande Jun losing locker room fight with the foreign aid
Single scored 13 points, this is Wang Xiao-hui CBA has been the most brilliant career section of the starting lineup, he also contributed an assist first section game and 2 steals, but defensive end, he eat 3 fouls.
this year, Xiao Hui Wang, 21, started two years ago, campaign CBA. He played two seasons with little chance, averaging only got 2.4 points. This season, Min Lulei gave him more opportunities, After Min Lulei of love will also have been conducting the advice. For this game, Min Lulei that the Beijing team to grab rebounds well, losing to opponents 15, , broke out in the locker room is not happy, Hande Jun and Foreign fight, because the last moment from a rebound scramble, hit shot, Liaoning team's locker room filled with a strong smell of gunpowder.
(This article Source: Sichuan Online)
this year, Xiao Hui Wang, 21, started two years ago, campaign CBA. He played two seasons with little chance, averaging only got 2.4 points. This season, Min Lulei gave him more opportunities, After Min Lulei of love will also have been conducting the advice. For this game, Min Lulei that the Beijing team to grab rebounds well, losing to opponents 15, , broke out in the locker room is not happy, Hande Jun and Foreign fight, because the last moment from a rebound scramble, hit shot, Liaoning team's locker room filled with a strong smell of gunpowder.
(This article Source: Sichuan Online)
Tuesday, January 18, 2011
Expert VAT is a general trend referred to finance lease
Recently, a person close to the Ministry of Finance, told reporters that the Ministry of Finance and State Administration of Taxation is considering leasing industry research into the scope of value-added tax.
In fact, the country's Industry sources said the finance lease from the point of view, it should support the development of a new national service, so in the next few years should be incorporated into the scope of VAT collection.
whether leasing industry areas of value-added tax should be included? In the process of inclusion to overcome any difficulties? How tax rates should be determined, the VAT expansion can reduce the burden on enterprises around? These have become topics of concern to the industry.
foreign Johnson Zaibao stop large-scale recalls the warm state forest behind the taking of 23 million subsidy allegedly left Enron: The Central Bank is really clever move into value-added tax levied
range of finance lease is a general trend
2008 by the end of The State Council approved in principle input tax deduction, which is a major tax reform measures. Zhang Tong, Associate Professor Central University of Finance said it has solved the fixed assets of double taxation, so that our value-added tax system to the neutralization step in the direction substantially the same time, greatly reduce the tax burden of enterprises, mobilize the enthusiasm of enterprises update the device, in response to financial crisis, rapid economic recovery and provide a powerful driving force.
However, industry sources, the To this end, led by the State Administration of Taxation, the National Association of Chinese second-hand equipment rental and used equipment for professional committee organized several
Zhang Tong told reporters that because the current value added tax and sales tax of two co-exist, the tertiary industry (other than commercial external) services provided by the business tax and not VAT, so VAT arrived in our country buckle chain is very complete, value-added features can not be neutral reflected more fully, to the business administration and tax authorities have brought a lot of trouble. So will include finance leasing all of the tertiary industry, including value-added tax included in the scope of the final abolition of sales tax is a general trend. But in the current tax reform can not be the case of one-step, how to handle the financial leasing industry in the tax system transition issues will need careful consideration.
industry also said that 2009 National Association of Chinese second-hand equipment rental and used equipment for the Secretary-General Yu Xiaomei Professional Committee, said: Leasing companies have encountered many such examples. will not make a lot of domestic companies wanted to import equipment, imported equipment was not now gone into a lease imported. Because imported equipment to get their 17% VAT, but also arrived in time to stay longer, and pay only 5% import leasing business tax, which resulted in a huge tax burden differences. In addition, we also worried that the tax difference will our domestic equipment manufacturing enterprises relatively large negative impact.
A source close to the Ministry of Finance, told reporters that a better solution is to put into the leasing industry in the scope of value-added tax to.
nature, this is the tax policy on the leasing industry root cause of her mind, but also referred to the VAT Capital Leasing difficult. So, how to overcome these difficulties it?
Zhang Tong told reporters that the change in the financial leasing industry in the process of VAT, properly handle the following aspects of the policy of balance: The first is the policy of balance between the different financing methods. Leasing industry is the financial industry, but it is kind finance, and banking, securities and other units of currency financing are not identical. Under the existing law, bank loan interest is fully paid sales tax (no deduction of interest paid to depositors), while the finance leasing company to buy a rent to pay business tax for the tax based on the difference, obviously different tax treatment, tax also different . In addition, sales of currency futures by financial institutions to pay sales tax bid-ask spread, futures sales of goods subject to VAT, the business tax and finance leases are different payment methods are the same.
second point is that finance leases and operating leases in the policy balance. Finance leases are long-term lease on the surface, but in essence, installment buying equipment, and the loan interest buy equipment were similar, but not with short operating lease rental properties are different. Currently, the operating lease rental fees in full to pay sales tax, the lessee does not allow deduction of input tax cost of the rent; and equipment finance companies are more than the original value of the rental fee in part to pay sales tax, the lessee offset by equipment at cost input tax deduction.
The third point is the equipment seller, the lessee and the financing policy of balance between the leasing company. Under the existing regulations, financing companies in accordance with the requirements of the lessee to purchase equipment, pay to the seller 17% VAT, and equipment rental to the lessee, the finance company to pay the difference by buying and leasing a 5% business tax, the lessee according to equipment VAT invoices issued by the Seller in accordance with the VAT tax rate of 17% tax. Obviously, the seller, the lessee and the financing of the tax rate applicable to the three different companies, the actual tax burden is not the same. Overall, the actual financing of the company's business tax burden is far lower than the bank loan interest, which is similar to the VAT sales tax rate than the single business tax rate by 10%. This is the leasing industry tax reform must be addressed.
problems still to be explored.
Zhang Tong told reporters that the companies have chosen to rent equipment or buy equipment, depending on the company's capital position. Own funds for SMEs are rare, so the device must be taken in installments to buy a one-time payment to buy equipment than good for business; in monetary tightening, interest rates rise, corporate finance very difficult circumstances, to finance lease way to buy equipment to avoid monetary policy is a legitimate way. As long as the rental fee charged at the standard appropriate to the company's profit margin financing to buy equipment than to pay off bank loans less interest, lease companies that deal, will choose to finance leases and loans to buy equipment will not choose a way.
In addition, the tax burden on businesses lease equipment, purchase of equipment and whether the tax burden should be some difference? Yu Xiaomei, said that after the financial crisis is being revised according to international accounting standards in the future, a piece of equipment rental and purchase of this equipment in common is the need to use the equipment for production, can create cash flow, should have access who's balance sheet, therefore, in the formulation of tax rules should be leveled between the two, both the tax burden should be close to unity, and should not have too much difference.
She also said that if the business tax reasons to consider the purchase of equipment in different ways, this is a very fair tax rules. VAT should be neutral in itself, it should not be to influence corporate decision-making.
Zhang Tong also said to maintain value-added tax from a neutral point of view, should not buy equipment lease financing, with its own funds to buy equipment and use the loan to buy equipment to distinguish between the three tax policy. Zhang Tong also pointed out that finance leases and operating leases although different in nature, but also similar to the operating lease fee value-added enterprises should change the VAT and input tax deduction allowed to the lessee. This equipment and rental equipment to buy tax differences will disappear, the tax system and tax policy will be more scientific.
party charged the full rental fee (including equipment salvage Bianjiashouru) minus the purchase price and associated equipment, the balance after taxes (equivalent to the value-added enterprises or leasing company profits), by 5% business tax rate (similar to value-added tax rate) to levy. If you change the VAT, the tax rate should be unified at 17%, which is bound to greatly improve the financing of the company's tax burden, to a certain extent, affected the financial leasing industry.
Seller, finance companies and leasing business transactions among the three procedures, savings in stamp duty. standards, will increase the tax burden onto the lessee, so long as to allow the lessee to pay to finance the company's total price (including equipment at cost and financing the company's profits) as the basis for VAT input tax deduction (issued by a finance company VAT invoice), then the original part of the excess equipment can successfully offset the input tax, the lessee would not increase the tax burden. If the tax system this arrangement, it will not affect the development of leasing industry, but also give it more customers. This is treated as finance leases equipment sales will be the reform ideas.
newspaper essay
the past two years, the finance lease has entered a rapid development stage, is to solve the shortage of finance for SMEs is one important way. So, for the development of financial leasing companies in favor of the fiscal policy is very important. This requires the leasing industry and the financial sector to discuss further financial leasing system to make more scientific arrangement.
However, the current tax policy for the understanding of finance leases, tax authorities also are not consistent. It was noted that some grass-roots tax department administration did not consider financial leasing transactions practice characteristics, operating lease accounting standards confusion and the concept of leasing business tax for the full sales tax policy to increase the tax burden of financing leasing companies and inhibit the development of financial leasing industry.
However, the finance lease is referred to the most difficult value-added leasing industry is too broad, too many varieties. Including the main machine boat leasing, equipment leasing, construction equipment leasing, IT leasing, and so a variety of domestic and foreign, difficult to coordinate common interests. However, VAT is still referred to a finance lease is a general trend. The introduction of the VAT for financial leasing industry policy has become a necessity.
In fact, the country's Industry sources said the finance lease from the point of view, it should support the development of a new national service, so in the next few years should be incorporated into the scope of VAT collection.
whether leasing industry areas of value-added tax should be included? In the process of inclusion to overcome any difficulties? How tax rates should be determined, the VAT expansion can reduce the burden on enterprises around? These have become topics of concern to the industry.
foreign Johnson Zaibao stop large-scale recalls the warm state forest behind the taking of 23 million subsidy allegedly left Enron: The Central Bank is really clever move into value-added tax levied
range of finance lease is a general trend
2008 by the end of The State Council approved in principle input tax deduction, which is a major tax reform measures. Zhang Tong, Associate Professor Central University of Finance said it has solved the fixed assets of double taxation, so that our value-added tax system to the neutralization step in the direction substantially the same time, greatly reduce the tax burden of enterprises, mobilize the enthusiasm of enterprises update the device, in response to financial crisis, rapid economic recovery and provide a powerful driving force.
However, industry sources, the To this end, led by the State Administration of Taxation, the National Association of Chinese second-hand equipment rental and used equipment for professional committee organized several
Zhang Tong told reporters that because the current value added tax and sales tax of two co-exist, the tertiary industry (other than commercial external) services provided by the business tax and not VAT, so VAT arrived in our country buckle chain is very complete, value-added features can not be neutral reflected more fully, to the business administration and tax authorities have brought a lot of trouble. So will include finance leasing all of the tertiary industry, including value-added tax included in the scope of the final abolition of sales tax is a general trend. But in the current tax reform can not be the case of one-step, how to handle the financial leasing industry in the tax system transition issues will need careful consideration.
industry also said that 2009 National Association of Chinese second-hand equipment rental and used equipment for the Secretary-General Yu Xiaomei Professional Committee, said: Leasing companies have encountered many such examples. will not make a lot of domestic companies wanted to import equipment, imported equipment was not now gone into a lease imported. Because imported equipment to get their 17% VAT, but also arrived in time to stay longer, and pay only 5% import leasing business tax, which resulted in a huge tax burden differences. In addition, we also worried that the tax difference will our domestic equipment manufacturing enterprises relatively large negative impact.
A source close to the Ministry of Finance, told reporters that a better solution is to put into the leasing industry in the scope of value-added tax to.
nature, this is the tax policy on the leasing industry root cause of her mind, but also referred to the VAT Capital Leasing difficult. So, how to overcome these difficulties it?
Zhang Tong told reporters that the change in the financial leasing industry in the process of VAT, properly handle the following aspects of the policy of balance: The first is the policy of balance between the different financing methods. Leasing industry is the financial industry, but it is kind finance, and banking, securities and other units of currency financing are not identical. Under the existing law, bank loan interest is fully paid sales tax (no deduction of interest paid to depositors), while the finance leasing company to buy a rent to pay business tax for the tax based on the difference, obviously different tax treatment, tax also different . In addition, sales of currency futures by financial institutions to pay sales tax bid-ask spread, futures sales of goods subject to VAT, the business tax and finance leases are different payment methods are the same.
second point is that finance leases and operating leases in the policy balance. Finance leases are long-term lease on the surface, but in essence, installment buying equipment, and the loan interest buy equipment were similar, but not with short operating lease rental properties are different. Currently, the operating lease rental fees in full to pay sales tax, the lessee does not allow deduction of input tax cost of the rent; and equipment finance companies are more than the original value of the rental fee in part to pay sales tax, the lessee offset by equipment at cost input tax deduction.
The third point is the equipment seller, the lessee and the financing policy of balance between the leasing company. Under the existing regulations, financing companies in accordance with the requirements of the lessee to purchase equipment, pay to the seller 17% VAT, and equipment rental to the lessee, the finance company to pay the difference by buying and leasing a 5% business tax, the lessee according to equipment VAT invoices issued by the Seller in accordance with the VAT tax rate of 17% tax. Obviously, the seller, the lessee and the financing of the tax rate applicable to the three different companies, the actual tax burden is not the same. Overall, the actual financing of the company's business tax burden is far lower than the bank loan interest, which is similar to the VAT sales tax rate than the single business tax rate by 10%. This is the leasing industry tax reform must be addressed.
problems still to be explored.
Zhang Tong told reporters that the companies have chosen to rent equipment or buy equipment, depending on the company's capital position. Own funds for SMEs are rare, so the device must be taken in installments to buy a one-time payment to buy equipment than good for business; in monetary tightening, interest rates rise, corporate finance very difficult circumstances, to finance lease way to buy equipment to avoid monetary policy is a legitimate way. As long as the rental fee charged at the standard appropriate to the company's profit margin financing to buy equipment than to pay off bank loans less interest, lease companies that deal, will choose to finance leases and loans to buy equipment will not choose a way.
In addition, the tax burden on businesses lease equipment, purchase of equipment and whether the tax burden should be some difference? Yu Xiaomei, said that after the financial crisis is being revised according to international accounting standards in the future, a piece of equipment rental and purchase of this equipment in common is the need to use the equipment for production, can create cash flow, should have access who's balance sheet, therefore, in the formulation of tax rules should be leveled between the two, both the tax burden should be close to unity, and should not have too much difference.
She also said that if the business tax reasons to consider the purchase of equipment in different ways, this is a very fair tax rules. VAT should be neutral in itself, it should not be to influence corporate decision-making.
Zhang Tong also said to maintain value-added tax from a neutral point of view, should not buy equipment lease financing, with its own funds to buy equipment and use the loan to buy equipment to distinguish between the three tax policy. Zhang Tong also pointed out that finance leases and operating leases although different in nature, but also similar to the operating lease fee value-added enterprises should change the VAT and input tax deduction allowed to the lessee. This equipment and rental equipment to buy tax differences will disappear, the tax system and tax policy will be more scientific.
party charged the full rental fee (including equipment salvage Bianjiashouru) minus the purchase price and associated equipment, the balance after taxes (equivalent to the value-added enterprises or leasing company profits), by 5% business tax rate (similar to value-added tax rate) to levy. If you change the VAT, the tax rate should be unified at 17%, which is bound to greatly improve the financing of the company's tax burden, to a certain extent, affected the financial leasing industry.
Seller, finance companies and leasing business transactions among the three procedures, savings in stamp duty. standards, will increase the tax burden onto the lessee, so long as to allow the lessee to pay to finance the company's total price (including equipment at cost and financing the company's profits) as the basis for VAT input tax deduction (issued by a finance company VAT invoice), then the original part of the excess equipment can successfully offset the input tax, the lessee would not increase the tax burden. If the tax system this arrangement, it will not affect the development of leasing industry, but also give it more customers. This is treated as finance leases equipment sales will be the reform ideas.
newspaper essay
the past two years, the finance lease has entered a rapid development stage, is to solve the shortage of finance for SMEs is one important way. So, for the development of financial leasing companies in favor of the fiscal policy is very important. This requires the leasing industry and the financial sector to discuss further financial leasing system to make more scientific arrangement.
However, the current tax policy for the understanding of finance leases, tax authorities also are not consistent. It was noted that some grass-roots tax department administration did not consider financial leasing transactions practice characteristics, operating lease accounting standards confusion and the concept of leasing business tax for the full sales tax policy to increase the tax burden of financing leasing companies and inhibit the development of financial leasing industry.
However, the finance lease is referred to the most difficult value-added leasing industry is too broad, too many varieties. Including the main machine boat leasing, equipment leasing, construction equipment leasing, IT leasing, and so a variety of domestic and foreign, difficult to coordinate common interests. However, VAT is still referred to a finance lease is a general trend. The introduction of the VAT for financial leasing industry policy has become a necessity.
Monday, January 17, 2011
A Taiwan fishing boat off the coast of Hawaii, lost contact with suspected damage to communications equipment
Xinhua BEIJING, Jan. 17, according to Taiwan's signal, then the United States understand the situation of sending a helicopter patrol and found 11 people on board while the vessel suspected of communications equipment damage, lost contact in the state of the current, fishing boat, has been deployed around the collusion of the Friends of the vessel failure.
reported that Li Defu, 7 and 2 in Indonesia a total of 11 Filipino fishermen, vessel located 30 degrees north latitude, 174 degrees east longitude, suspected due to ship water, losses associated communications equipment.
Su-ao District Fishermen's Association said the Director-General Lin Yueying, number of crew members on board waved, but the helicopter could not temporary stop to determine the location of the ship after notification to the Taiwan side.
Linyue Ying said that although the ship starts a distress signal, but communications lost contact, in order to ensure the safety of vessels and fishing will receive a notification, then send the Friends of the ship poor, two ships from the current 30, can not determine the two ships rendezvous time.
Su-ao District Fishermen's Association chairman Chen Chunsheng, departments concerned, in close contact with the Coast Guard, 20:30 United States will once again send a helicopter to determine the ship position.
reported that Li Defu, 7 and 2 in Indonesia a total of 11 Filipino fishermen, vessel located 30 degrees north latitude, 174 degrees east longitude, suspected due to ship water, losses associated communications equipment.
Su-ao District Fishermen's Association said the Director-General Lin Yueying, number of crew members on board waved, but the helicopter could not temporary stop to determine the location of the ship after notification to the Taiwan side.
Linyue Ying said that although the ship starts a distress signal, but communications lost contact, in order to ensure the safety of vessels and fishing will receive a notification, then send the Friends of the ship poor, two ships from the current 30, can not determine the two ships rendezvous time.
Su-ao District Fishermen's Association chairman Chen Chunsheng, departments concerned, in close contact with the Coast Guard, 20:30 United States will once again send a helicopter to determine the ship position.
Sunday, January 16, 2011
Dollar, stocks, commodities, A shares and aluminum plate
In fact, the core of the subject or his comrades last week to discuss the issues: the recent international futures look very strange to go, dollar and U.S. stocks, commodities actually inconsistent pace, and we are very concerned about the color in the aluminum industry, we talk about how people look at The industry's market? this issue is very questionable, because suddenly the international financial market rhythm changed, this change must have behind it the motives and interests of the points, then the analysis of the incentives and take the interests of the points on the future market investment a very important practical significance.
before we have analyzed, the dollar was U.S. stocks see-saw state of the financial strategy of the decision by the United States, which is conducive to the United States on the one hand to attract funds through the stock market rally into the U.S. market, one can depreciate These funds will be locked, this strategic long-term change in general less likely, because the U.S. is in recession for a long cycle. but does not change does not mean that the long-term mid-term does not change, then I judged that if U.S. stocks staged there at the same time increases so that the U.S. economy has entered a stage of the recovery period. U.S. dollar rose again by attracting capital into, and if U.S. stocks continue to remain relatively strong in this stage will be more attractive feet. So, from the point of view the present situation, At least on the surface of the U.S. economy entered a period of strong recovery.
fact, the dollar index rose mainly due to the recent strong euro and the euro area national currencies against the U.S. dollar depreciation, particularly the euro, after rising in a row plummeted. Why the euro fall? causes of the crisis in Greece. Greece is the EU member states, which makes it faced insolvency edge of national bankruptcy, so one of the three international rating agency Fitch reduced continuously over its national credit rating, this has led to fears that the crisis will spread down, there is even speculation that the next may be the United Kingdom. As a result, some speculative funds into the euro zone will naturally be considering leaving the rest of the world market, the most natural feel for these speculative short-term safety is probably the U.S. market Therefore, the euro rose to U.S. dollar to fall. Greek crisis is actually a long time, why suddenly exposed at this time? It is the continuous degradation of the Fitch Company, headquartered in New York and London, but it is a French holding company, The French company, the writer can not find out who is holding it in the end was. but what is certain is that the company will not simply be exposed at this time Greece is the EU member states think the EU should now be said, but that doubted is that this is something that only German Chancellor Angela Merkel said the issue should be aid to Greece. This is a very strange thing, there is nothing tricky here, in the end the author has yet to make clear reasoning. but it is certain that this by no means a simple isolated event (his comrades might have come to share ideas exchange).
but in any case, the dollar rose sharply is realistic, technically speaking, the dollar should fall soon there will be adjustments, but adjustments decline, then it means that if the U.S. dollar staged a firm bottom, which is obviously the United States in the use of time in an attempt to attract funds to achieve rapid recovery of economy. Therefore, investors must pay attention to whether the dollar can go down to be supported, if That means new lows the formation of a new decline, at least to talk down to previous lows support; the contrary, there will be a wave of support after the rebound is relatively larger.
addition, there is a more interesting news . the People's Bank vice president, said long-term depreciation trend will not change the dollar, which is obviously bad-mouthing dollars, eight hundred billion U.S. dollars for a bond held by the national economic interests alone is beginning to rebound in the dollar should not badmouth , and this time bad-mouthing can only indicate a problem that is sharp appreciation of China does not want U.S. dollars, which is only considered if the export is still not. personally think that this should be in the direction of capital inflows to the United States to suggest that the relative United States, China is the future economic growth. personal opinion, if the reasoning set up China's financiers then considered as to the international perspective, but also be considered with a long-term strategic considerations. because, in a sense, Which of course, the market capital flows on which the most favorable market, fear is useless to capital inflows, capital inflow and how much of that money into the real economy is the financiers of the dry matter. This is the recognition of the individual that comrades more Chinese officials should be concerned about the attitude in this regard, if there is follow-up statement, the inference that the author can be no two ways about that.
the United States to adjust the financial strategy actually is a gamble because if the dollar rose while U.S. stocks also strong, in a sense gave the funds to be relatively high dollar stuck in some sort of relief opportunities. Therefore, when the dollar rebounded to a large sell-off hit to some extent inevitable, there will be a lot of money out of than the United States. So , depending on whether the U.S. government have the courage to gamble on them. Thus, for China, should continue to accelerate the construction of multi-level capital market, continue to attract international capital into the Chinese market.
dollar-denominated commodities, it should be said depreciation of the dollar will rise in the overall commodities, commodity dollar will fall, but investors may find a recent phenomenon, that is, commodities are not fully consistent with the U.S. dollar. This is mainly because commodity prices depends on two factors : 1, the settlement currency currency factors; 2, the supply factor. devalue the currency so that if the settlement is bound to rise in commodity power, but the other decided to commodity prices is the supply factor. This determines the trend in commodities can not be completely consistent with the rhythm of the dollar. careful investors will find some trends in commodity shares also have some A shadow, it is not imaginary but a fact. China's stock market reflected the Chinese economy, Chinese economy was the first to achieve recovery in post-crisis economy , then the Chinese demand for commodities will, of course elements of the movement of bulk commodities. through the above analysis we can see that if the world economy will have a strong recovery in commodity prices pulling power, if the dollar continues to depreciate the power will be strengthened , the resonance will lead to commodities rose, this year has been a greater degree of expression. If the dollar appreciation phase, then the dollar becomes the strength and the strength of economic recovery in a game between, and behold greater party strength. So who best embodies the trend for commodities? of course, is the trend in commodity itself. Therefore, for bulk commodities, the dollar is the key point of concern during the commodity itself is not trend upward trend remains after death.
So, why the movement of bulk commodities of aluminum and other commodity movements and different? supply relationship is still here at work. because aluminum production capacity than other commodities is more excess capacity, relatively speaking, more adequate inventory . The reality is that the real estate industry since 2008 was the beginning of underemployment, and other products have a relatively large amount of inventory, stock in the digestion during the course of the relative demand for aluminum is low, demand for aluminum in aluminum futures rose less than the intensity that Of course not as good as other non-ferrous products. Recently, when the aluminum in the frequent high dollar, the trend was much stronger than other commodities, which in turn is the rationale? commodities futures according to the above trend on the two known determinants of the dollar appreciation of the power demand to less than the power of the market for aluminum. So, the strength of demand for aluminum and from where? In fact, the reason is very simple, ordinary housing next year, China will increase the supply, in 2008 less than the real estate industry started projects cases consumed in 2009 will usher in the house after the outbreak of inventory period, together with the Government to increase housing supply, then the real estate industry will significantly increase the demand for aluminum. using aluminum China's auto industry is more high-speed development period, cars will increase as aluminum. appliances home appliances through the stimulation of this year, larger stocks should consume, the future production of home appliances will increase the demand for aluminum; the same time, taking into account the state lowered the second and third tier cities household registration threshold will increase the consumption of household appliances, so the class of aluminum electrical demand is also increasing. compared to China, the world economy is recovering, the recovery is bound to bring consumer, of course, the demand for aluminum will increase. so many factors that increase together, of course, would be expected for aluminum strengthened. look at the trend of aluminum technology. Compared with other non-ferrous, aluminum also experienced the smallest increase for up to four or five months of technical correction, compared to other non-ferrous metals of course, more energy, which is aluminum while the recent strength in the dollar to a new high of the fundamental reason frequently. Of course, money is also optimistic about the value of the capital inflow surface depression factor. Therefore, under normal circumstances, aluminum is still worth looking forward to the future trend, then Aluminum plates also cause for concern.
above, is the author discussed the subject for the last week, with the majority of his comrades questionable.
also: Copenhagen, does not reach any major agreements, the results did not achieve what is normal The. Like I said before, this time an agreement must not agree to, we must unswervingly hold the bottom line. Americans now throw out one hundred billion U.S. dollars on, then put the press on the first solid, the other millions of Do not sign the agreement with the conditions, so long as to maintain this situation, the Bureau is developing win, that is, the Chinese won. multipolar world raised more than a decade, China's current multi-polar world only really have a polar taste. Copenhagen is one of China's best publicity. we've too many ;, at which point the attack will inevitably accompanied by various developed countries, this is a natural phenomenon, the Chinese just do a good job hold the bottom line, we should give the Xie and Su Wei is leading a delegation with warm applause, and if our negotiations are so smart, are such a plan, how can we be as incompetent as iron ore and helplessness ? that hard people will remember. Copenhagen has been a no legal effect only to save face and leave for the next steps and scope of the . But the climate will have a second Board of Game, the third game, the first N Council, hope that our negotiators and prudent, to continue to develop a strategy this time, the strategy, planned way to give people with to greater victories.
Micro Bot heroes like a quote:
everyone's technology platform game. There is no teacher, only friends and Game students, this is not the first letter to you, the teacher's knowledge has been accounted for charisma and deeply impressed, not say kind words to say, here are a few questions to ask the teacher accounts:
1 , on the exchange rate. Since March this year, the U.S. has repeatedly stressed the strength of U.S. dollars (most impressed by Premier Wen Jiabao Meets the Press after the meeting that time), but in fact it has been half a year to U.S. unilateral decline, during which U.S. other major currencies against the euro depreciated by about 30%, while the RMB and the dollar remained fixed exchange rate that way, seems to be possessed of RMB to U.S. dollars indirectly, on the other a floating exchange rate system with the rate of devaluation of the currency. so, the RMB not only does not appreciate as expected but on the contrary, to some extent, suppressed a sharp decline in exports. So my question is, for China, this is not a very successful exchange rate policy? However, on the other hand, it , the dollar's depreciation against the U.S. dollar has made many countries distrust generated, and that depreciation of the renminbi with it not follow the U.S. have the same impact? This is not, and contrary to the international strategy of the RMB up?
2, on the import and export. Today the teacher in class in terms of industrial economics to the issue of import and export, said that many countries are now complaining about too much of China's import and export trade imbalance against the related industries in their countries. and they take a lot for China's trade restrictions, for example, the most common anti-dumping. However, the undeniable fact is that most of our export products are of high pollution and high energy consumption and low value-added low-level industries, many of whom are people willing to produce a transfer over a European and American consumption in China has undertaken the hazards of environmental pollution, China has only made a few little money from it, which is in fact working for the United States and Europe is not it? economics teacher second to our industry to say that China's foreign trade is not balance in large part because China needs to import high-end technology and key resources others have to sell. So I think the issue of China in these months was very passive, embarrassed at such an international game in China always seem to appear on helpless (such as iron ore events). and we get from the national media rarely negative information, people can hear nothing more than a strong China, the unprecedented strength, international influence and a substantial increase and so on. I do not know whether our nation is too big concerns, so that people would prefer to livelihood issues of the international contest of the inability to turn a blind eye should also strongly boast from the mine, singing the praises. I do not know the teacher has to say about accounting? Anyway, I is the current situation and China Management is very views.
3, on real estate. Dubai with the world such a thing, once again proved that the prosperity driven by the real estate bust is not no myth! Professor Huang Weiping, Renmin University of China said: world countries who rely on real estate driven, results did not not collapse, the United States the world's oldest economic outcome is driven by the real estate collapse; the world's second oldest in Japan to promote economic outcome is by the real estate collapse; the world economy has long been the center of China as the collapse of the real estate column. in the world, probably only in Germany to escape the robbery, all driven by the real estate on the planet outcome is the collapse of national economies, especially when the real estate and financial closely as a financial derivative instruments , do not crash it is simply not the economy. 50%, do not they will continue to increase this number forever? 60%, 70%? then? I can not imagine going hh but I think worse things than this, the government seems irrational real estate prosperity does not seem objectionable, I think the reason one hand may be national economic stimulus plan requires a lot of money, and financial strength of the State can not keep up, need to sell the financial resources to fill the gap, so the high prices will have to to acquiesce. Second is self-interest may be associated with the local government, which I am not prepared to go on, because that it will not be useful, but also top of mind top of the lung. My question is this real estate boom also how far? is already embarked on a path of no return? the irreconcilable contradictions that seem to not really need a way to fix the crash!? Chinese real estate are closely linked with the finance, real estate collapse is also to offer financial dragged into the quagmire of the inevitable, when, losing the financial support of the real economy also unsustainable, then, is not to mean that the entire Chinese economy will plunge into the struggle for a long time?
4, on democracy . relative to western democracy and legal system than I do not want to believe that China's political system more advanced, even textbooks speak more appealing. I think the measure of a system of good and bad is not the oral and written, but rather the state to people doing, what brings benefits to the people? and I saw and experienced personal life does not seem to imagine it, I think the biggest problem is that this society of unequal power, not the voice of the people expression, democracy can not develop well, those in power doing is they are not very strict supervision. So the teacher would like to talk about democracy in China accounted for the views and the way out.
finally want to show what, I did not mean to bad-mouth the Chinese economy, I am a Chinese, of course, is in love with this country. also is the case, I also exposed to this country was worried about many issues. I grew the most in this country underlying the growth and sufferings of the common people have a deep understanding of, and sincerely hope that a truly multi-national regulatory authorities to seek blessing for the people, looking chest, but also do not forget to head down to, look at the following supporting his people What is experiencing the suffering.
said a Chase, thinking it is confusing, ask the teacher corrected total.
wish good life of peace!
exchange Zhanjiang Scarecrow
2009-11-30
:
the first question. What is the exchange rate? In fact, the war game is the currency exchange rate must take into account the interests of a country's economy. For China, before the appreciation of the real economy to China has brought a lot of pressure, because the appreciation of the many business failures, making Chinese goods less competitive internationally a lot. More importantly, the Chinese foreign exchange losses on a direct, dollar-denominated assets against which a substantial loss back home, in other words now in the United States assets are hedged assets. Then, in the tremendous economic pressure, the final once again chosen to keep an eye on China's dollar policy, a more substantial appreciation of the yuan during the U.S. dollar relative to other currencies is also a significant appreciation of Chinese companies that once again worse, until the dollar started to depreciate again China's exports was gradually improved. from the point of the whole process, not to mention the success of Chinese exchange rate policy, is upset to return to keep an eye on dollar, indicating that there was appreciation of the timing issue.
yuan last close watch The dollar has some benefits of economic recovery, but the future revaluation pressure still exists, mainly the development of China's economic decisions, if China wants to avoid the sharp appreciation of the renminbi is necessary to establish a larger capital market, while the RMB internationalization so that more people hold the RMB, so that countries do not keep their inflation under a lot of the issuance of RMB, the price is determined by the supply relationship, supply enough natural appreciation of the RMB will reduce the pressure, then the yuan from the dollar will gradually mature . long-term depreciation of the dollar is expected to be inevitable, it is because the U.S. economy itself has been seriously overdrawn, it is only through the issuance of a lot of money to hedge this risk, the currency is an inevitable decline in the value too much. Therefore, the RMB from the dollar sooner or later to.
RMB internationalization of the main criteria currently two points: 1, to allow more foreign ownership investment of RMB to enter the Chinese market, then this requires a sufficiently large capital markets; 2, trade settlement, the original form is currency swap, when everyone can be trusted after the settlement of RMB currency, so as long as a settlement currency traders must always hold to the RMB, which is why I think China should still be the continued occupation of the world commodity markets, the dollar held RMB then the holders of RMB yuan more than enough people out of the dollar will, in order to facilitate the settlement of other countries will gradually close watch on their yuan currency, which gradually formed the international. Currently, the yuan can only be keeping your eye on the dollar because RMB's international power is now too weak, a process that is inevitable.
second question. trade is a country in the process of capitalist development must form, no process of industrialization of the country not to rely on trade conquer the world, which involves the balance of payments problems. China has become Europe's plant which is a process of the industrialization process, otherwise, how can technology transfer from developed to developing countries? how could the capital transfer from developed to developing country? China is the virtue of cheap labor to attract capital and technology to achieve their rapid development, which is the process of industrialization. As for the U.S. and Europe accuse China of this is inevitable, no country are all on their own point of view, these more moves here from China in order to get more benefits. In addition, the Western leader to keep their technology, there are many high-tech products export restrictions to China, which China's trade surplus resulted in objectively great. station In China's point of view, so that excuse of course, just as Western Canada's dumping charge in China, like the body, which is actually a defense of China to the other charges added. Frankly speaking, even if Europe does not restrict these technologies, because labor costs in China very low-end Chinese trade surplus is still high. This is the trade dispute, but the contest of strength, his death this is not the root cause, the fundamental reason is that capital is the fame and fortune, of course, low labor costs in China to invest in China, investment in Europe and America after completing Of course life will need to import, then of course, will have a surplus. Since it is a game, it does not exist any help do not help, the fight is wise to talk about what help or not, help = incompetence. just like iron ore, China imported iron ore trade of five of the world into such a big customer if we can integrate itself fully with the bargaining power and at least part of the pricing, the results of what China's internal friction, he did not rule, their messing around, they finally so passive. This can not blame the people of Australia, who do not think for themselves? complain to blame the people who do not live up to expectations, such as Baoshan Iron ore negotiations soon to be rising on the steel, it is not obvious to their negotiation manufacturing pressure? so how could not be controlled by others without strategy? see the Copenhagen conference, prepared to say, this pocketed the eyeballs in China, so negotiations are not a passive thing, of course, also have bargaining power.
The International Game indeed it is the strength to speak, speak the wisdom of China suffer more than before, and now gradually have some initiative, these are the strength dictates. even if the U.S. does not mean everything completely, this is not Copenhagen very trouble? so the international event to watch over and over again, and not just look at one side. As the people's livelihood, the failure of reform in China has led to three people's livelihood is a serious problem now, health reform, education reform, housing reform, these three changes a lot of trouble to change out, it has been seriously affected the livelihood and sustainable economic development. So far still no three elements of this change, the Chinese planted a large hidden economy. But if the Government does not point score that is an exaggeration, the most recent description of China's rapid economic development policy although there may be arguable but the direction has not committed a fatal error on. For example, in social security is a major change for the present indeed, but such as healthcare reform was still not complete, which will leave troubles; Reform The current stagnation, education, a growing problem; housing reform not to mention the real estate has become China's largest economic sub cancer, the biggest risk China's economy. These three do not frankly say that I am most worried about.
The third problem. Indeed, the current Chinese real estate in taking a point of no return, it does not return the interest involved too much in fact, ordinary people can not control high prices can not imagine why, if the primary responsibility for the return to developers and real estate speculators who it is biased. In my opinion, the root of high prices on the chase to catch 九四年 then the tax system reform, housing reform government to catch all the problems of housing to the market, the real estate as the driving GDP of major industries, continue to pursue further deep reform of the mechanism involved in the Government, the Government is also the root causes of the high cost of operating one. post-tax distribution of property rights taken away but did not take more powers, and ultimately must rely on local government finances tight Sale to fill a vacancy, which formed a land finance. The housing market all to make a direction can be controlled product pricing, the ultimate real estate developers and local governments and financial institutions to re-form a community of interests, this relates to how the interests of all parties will really control prices? Therefore, the reform must first establish the real estate industry, the Government's position as a real estate supply side, while the land to solve the financial, but also reform of the mechanism involving the Government, to solve these fundamental problems is the corruption, real estate and other surface problems . These fundamental problems are not resolved, the Chinese real estate industry is no return, and ultimately bound to collapse, that would inevitably hurt the Chinese real economy.
fourth question. China's system of course is not advanced, even the legal community has not fully realized about What is advanced. China's economy is the rapid development of China's demographic dividend is the outbreak of reform and opening up to China on this basis provides a direction, but far from advanced systems, can only be fairly appropriate. but the moment with the China's economy entered a period of qualitative change, the moment the system has become increasingly inappropriate. corruption, more and more serious, more serious official standard, and uneven distribution of social benefits has led to physical confrontation. These are serious system problems caused. Therefore, China must continue to reform, we must continue to strengthen the institutional reform and institution building.
it is undeniable that the Chinese economy is developed, can not deny is that our standard of living, and if denied So that our state system as advanced as ridiculous. reform and opening up three decades, our economic development is real, this must be recognized. Otherwise, thirty years ago, there is much difference between China and North Korea? but now you more than willing to put themselves and the DPRK? This is progress. Therefore, we must acknowledge progress, but also must recognize the gap. So, I have never complained against blindly, blindly that wretched, wretched! Who we are born in this country, our country had just experienced two or three hundred years behind the shame, of course, of course, development is very slow, Is this the reason we give up on themselves? So do not do so much complaining, and more effort for everyone under the point of influence the lives of more than just promote the system construction is our duty to this people, I think all would complain about are not worthy of sympathy.
there is no absolute in this world of democracy, Western democracies to democracy? the United States to push the Democratic favorite, but he shells others flew to the head, smashing other people's homes, calling them is to bring democracy. If people did not even order a democracy should do? ate the top of what use are not democratic? to mention is the most developed United States still has serious racial discrimination, a hundred years ago the United States had slaves, and China two thousand years ago to have left a slave society. So, nothing worthy of worship western, Western of Genghis Khan, if not today, opened the Hexi Corridor, China The four great inventions of the past where there does not pass today's Western? no western United States where there is now? modern maritime power but also because here is the development of powerful Arabs can not only take into account the sea adventure, who can be developed on land to the sea development ? These are historical facts. our modern backwardness is our own making, we must be responsible for these, we should also learn something advanced to the West, but we do not blindly worship, not to mention that what they have nothing to worship We just need improvement. We should not leave the so-called Western democracy, but to create their own genuine democracy, this is the most important.
many problems in China, but she, after all, tomorrow, after all, a strong driving force for development, the need to build the system is not perfect, but everything needs to be done. America before being discovered, or the middle of nowhere does not it? Rome was not built in a day, it requires the efforts of several generations. the future is bright, The road is tortuous.
before we have analyzed, the dollar was U.S. stocks see-saw state of the financial strategy of the decision by the United States, which is conducive to the United States on the one hand to attract funds through the stock market rally into the U.S. market, one can depreciate These funds will be locked, this strategic long-term change in general less likely, because the U.S. is in recession for a long cycle. but does not change does not mean that the long-term mid-term does not change, then I judged that if U.S. stocks staged there at the same time increases so that the U.S. economy has entered a stage of the recovery period. U.S. dollar rose again by attracting capital into, and if U.S. stocks continue to remain relatively strong in this stage will be more attractive feet. So, from the point of view the present situation, At least on the surface of the U.S. economy entered a period of strong recovery.
fact, the dollar index rose mainly due to the recent strong euro and the euro area national currencies against the U.S. dollar depreciation, particularly the euro, after rising in a row plummeted. Why the euro fall? causes of the crisis in Greece. Greece is the EU member states, which makes it faced insolvency edge of national bankruptcy, so one of the three international rating agency Fitch reduced continuously over its national credit rating, this has led to fears that the crisis will spread down, there is even speculation that the next may be the United Kingdom. As a result, some speculative funds into the euro zone will naturally be considering leaving the rest of the world market, the most natural feel for these speculative short-term safety is probably the U.S. market Therefore, the euro rose to U.S. dollar to fall. Greek crisis is actually a long time, why suddenly exposed at this time? It is the continuous degradation of the Fitch Company, headquartered in New York and London, but it is a French holding company, The French company, the writer can not find out who is holding it in the end was. but what is certain is that the company will not simply be exposed at this time Greece is the EU member states think the EU should now be said, but that doubted is that this is something that only German Chancellor Angela Merkel said the issue should be aid to Greece. This is a very strange thing, there is nothing tricky here, in the end the author has yet to make clear reasoning. but it is certain that this by no means a simple isolated event (his comrades might have come to share ideas exchange).
but in any case, the dollar rose sharply is realistic, technically speaking, the dollar should fall soon there will be adjustments, but adjustments decline, then it means that if the U.S. dollar staged a firm bottom, which is obviously the United States in the use of time in an attempt to attract funds to achieve rapid recovery of economy. Therefore, investors must pay attention to whether the dollar can go down to be supported, if That means new lows the formation of a new decline, at least to talk down to previous lows support; the contrary, there will be a wave of support after the rebound is relatively larger.
addition, there is a more interesting news . the People's Bank vice president, said long-term depreciation trend will not change the dollar, which is obviously bad-mouthing dollars, eight hundred billion U.S. dollars for a bond held by the national economic interests alone is beginning to rebound in the dollar should not badmouth , and this time bad-mouthing can only indicate a problem that is sharp appreciation of China does not want U.S. dollars, which is only considered if the export is still not. personally think that this should be in the direction of capital inflows to the United States to suggest that the relative United States, China is the future economic growth. personal opinion, if the reasoning set up China's financiers then considered as to the international perspective, but also be considered with a long-term strategic considerations. because, in a sense, Which of course, the market capital flows on which the most favorable market, fear is useless to capital inflows, capital inflow and how much of that money into the real economy is the financiers of the dry matter. This is the recognition of the individual that comrades more Chinese officials should be concerned about the attitude in this regard, if there is follow-up statement, the inference that the author can be no two ways about that.
the United States to adjust the financial strategy actually is a gamble because if the dollar rose while U.S. stocks also strong, in a sense gave the funds to be relatively high dollar stuck in some sort of relief opportunities. Therefore, when the dollar rebounded to a large sell-off hit to some extent inevitable, there will be a lot of money out of than the United States. So , depending on whether the U.S. government have the courage to gamble on them. Thus, for China, should continue to accelerate the construction of multi-level capital market, continue to attract international capital into the Chinese market.
dollar-denominated commodities, it should be said depreciation of the dollar will rise in the overall commodities, commodity dollar will fall, but investors may find a recent phenomenon, that is, commodities are not fully consistent with the U.S. dollar. This is mainly because commodity prices depends on two factors : 1, the settlement currency currency factors; 2, the supply factor. devalue the currency so that if the settlement is bound to rise in commodity power, but the other decided to commodity prices is the supply factor. This determines the trend in commodities can not be completely consistent with the rhythm of the dollar. careful investors will find some trends in commodity shares also have some A shadow, it is not imaginary but a fact. China's stock market reflected the Chinese economy, Chinese economy was the first to achieve recovery in post-crisis economy , then the Chinese demand for commodities will, of course elements of the movement of bulk commodities. through the above analysis we can see that if the world economy will have a strong recovery in commodity prices pulling power, if the dollar continues to depreciate the power will be strengthened , the resonance will lead to commodities rose, this year has been a greater degree of expression. If the dollar appreciation phase, then the dollar becomes the strength and the strength of economic recovery in a game between, and behold greater party strength. So who best embodies the trend for commodities? of course, is the trend in commodity itself. Therefore, for bulk commodities, the dollar is the key point of concern during the commodity itself is not trend upward trend remains after death.
So, why the movement of bulk commodities of aluminum and other commodity movements and different? supply relationship is still here at work. because aluminum production capacity than other commodities is more excess capacity, relatively speaking, more adequate inventory . The reality is that the real estate industry since 2008 was the beginning of underemployment, and other products have a relatively large amount of inventory, stock in the digestion during the course of the relative demand for aluminum is low, demand for aluminum in aluminum futures rose less than the intensity that Of course not as good as other non-ferrous products. Recently, when the aluminum in the frequent high dollar, the trend was much stronger than other commodities, which in turn is the rationale? commodities futures according to the above trend on the two known determinants of the dollar appreciation of the power demand to less than the power of the market for aluminum. So, the strength of demand for aluminum and from where? In fact, the reason is very simple, ordinary housing next year, China will increase the supply, in 2008 less than the real estate industry started projects cases consumed in 2009 will usher in the house after the outbreak of inventory period, together with the Government to increase housing supply, then the real estate industry will significantly increase the demand for aluminum. using aluminum China's auto industry is more high-speed development period, cars will increase as aluminum. appliances home appliances through the stimulation of this year, larger stocks should consume, the future production of home appliances will increase the demand for aluminum; the same time, taking into account the state lowered the second and third tier cities household registration threshold will increase the consumption of household appliances, so the class of aluminum electrical demand is also increasing. compared to China, the world economy is recovering, the recovery is bound to bring consumer, of course, the demand for aluminum will increase. so many factors that increase together, of course, would be expected for aluminum strengthened. look at the trend of aluminum technology. Compared with other non-ferrous, aluminum also experienced the smallest increase for up to four or five months of technical correction, compared to other non-ferrous metals of course, more energy, which is aluminum while the recent strength in the dollar to a new high of the fundamental reason frequently. Of course, money is also optimistic about the value of the capital inflow surface depression factor. Therefore, under normal circumstances, aluminum is still worth looking forward to the future trend, then Aluminum plates also cause for concern.
above, is the author discussed the subject for the last week, with the majority of his comrades questionable.
also: Copenhagen, does not reach any major agreements, the results did not achieve what is normal The. Like I said before, this time an agreement must not agree to, we must unswervingly hold the bottom line. Americans now throw out one hundred billion U.S. dollars on, then put the press on the first solid, the other millions of Do not sign the agreement with the conditions, so long as to maintain this situation, the Bureau is developing win, that is, the Chinese won. multipolar world raised more than a decade, China's current multi-polar world only really have a polar taste. Copenhagen is one of China's best publicity. we've too many ;, at which point the attack will inevitably accompanied by various developed countries, this is a natural phenomenon, the Chinese just do a good job hold the bottom line, we should give the Xie and Su Wei is leading a delegation with warm applause, and if our negotiations are so smart, are such a plan, how can we be as incompetent as iron ore and helplessness ? that hard people will remember. Copenhagen has been a no legal effect only to save face and leave for the next steps and scope of the . But the climate will have a second Board of Game, the third game, the first N Council, hope that our negotiators and prudent, to continue to develop a strategy this time, the strategy, planned way to give people with to greater victories.
Micro Bot heroes like a quote:
everyone's technology platform game. There is no teacher, only friends and Game students, this is not the first letter to you, the teacher's knowledge has been accounted for charisma and deeply impressed, not say kind words to say, here are a few questions to ask the teacher accounts:
1 , on the exchange rate. Since March this year, the U.S. has repeatedly stressed the strength of U.S. dollars (most impressed by Premier Wen Jiabao Meets the Press after the meeting that time), but in fact it has been half a year to U.S. unilateral decline, during which U.S. other major currencies against the euro depreciated by about 30%, while the RMB and the dollar remained fixed exchange rate that way, seems to be possessed of RMB to U.S. dollars indirectly, on the other a floating exchange rate system with the rate of devaluation of the currency. so, the RMB not only does not appreciate as expected but on the contrary, to some extent, suppressed a sharp decline in exports. So my question is, for China, this is not a very successful exchange rate policy? However, on the other hand, it , the dollar's depreciation against the U.S. dollar has made many countries distrust generated, and that depreciation of the renminbi with it not follow the U.S. have the same impact? This is not, and contrary to the international strategy of the RMB up?
2, on the import and export. Today the teacher in class in terms of industrial economics to the issue of import and export, said that many countries are now complaining about too much of China's import and export trade imbalance against the related industries in their countries. and they take a lot for China's trade restrictions, for example, the most common anti-dumping. However, the undeniable fact is that most of our export products are of high pollution and high energy consumption and low value-added low-level industries, many of whom are people willing to produce a transfer over a European and American consumption in China has undertaken the hazards of environmental pollution, China has only made a few little money from it, which is in fact working for the United States and Europe is not it? economics teacher second to our industry to say that China's foreign trade is not balance in large part because China needs to import high-end technology and key resources others have to sell. So I think the issue of China in these months was very passive, embarrassed at such an international game in China always seem to appear on helpless (such as iron ore events). and we get from the national media rarely negative information, people can hear nothing more than a strong China, the unprecedented strength, international influence and a substantial increase and so on. I do not know whether our nation is too big concerns, so that people would prefer to livelihood issues of the international contest of the inability to turn a blind eye should also strongly boast from the mine, singing the praises. I do not know the teacher has to say about accounting? Anyway, I is the current situation and China Management is very views.
3, on real estate. Dubai with the world such a thing, once again proved that the prosperity driven by the real estate bust is not no myth! Professor Huang Weiping, Renmin University of China said: world countries who rely on real estate driven, results did not not collapse, the United States the world's oldest economic outcome is driven by the real estate collapse; the world's second oldest in Japan to promote economic outcome is by the real estate collapse; the world economy has long been the center of China as the collapse of the real estate column. in the world, probably only in Germany to escape the robbery, all driven by the real estate on the planet outcome is the collapse of national economies, especially when the real estate and financial closely as a financial derivative instruments , do not crash it is simply not the economy. 50%, do not they will continue to increase this number forever? 60%, 70%? then? I can not imagine going hh but I think worse things than this, the government seems irrational real estate prosperity does not seem objectionable, I think the reason one hand may be national economic stimulus plan requires a lot of money, and financial strength of the State can not keep up, need to sell the financial resources to fill the gap, so the high prices will have to to acquiesce. Second is self-interest may be associated with the local government, which I am not prepared to go on, because that it will not be useful, but also top of mind top of the lung. My question is this real estate boom also how far? is already embarked on a path of no return? the irreconcilable contradictions that seem to not really need a way to fix the crash!? Chinese real estate are closely linked with the finance, real estate collapse is also to offer financial dragged into the quagmire of the inevitable, when, losing the financial support of the real economy also unsustainable, then, is not to mean that the entire Chinese economy will plunge into the struggle for a long time?
4, on democracy . relative to western democracy and legal system than I do not want to believe that China's political system more advanced, even textbooks speak more appealing. I think the measure of a system of good and bad is not the oral and written, but rather the state to people doing, what brings benefits to the people? and I saw and experienced personal life does not seem to imagine it, I think the biggest problem is that this society of unequal power, not the voice of the people expression, democracy can not develop well, those in power doing is they are not very strict supervision. So the teacher would like to talk about democracy in China accounted for the views and the way out.
finally want to show what, I did not mean to bad-mouth the Chinese economy, I am a Chinese, of course, is in love with this country. also is the case, I also exposed to this country was worried about many issues. I grew the most in this country underlying the growth and sufferings of the common people have a deep understanding of, and sincerely hope that a truly multi-national regulatory authorities to seek blessing for the people, looking chest, but also do not forget to head down to, look at the following supporting his people What is experiencing the suffering.
said a Chase, thinking it is confusing, ask the teacher corrected total.
wish good life of peace!
exchange Zhanjiang Scarecrow
2009-11-30
:
the first question. What is the exchange rate? In fact, the war game is the currency exchange rate must take into account the interests of a country's economy. For China, before the appreciation of the real economy to China has brought a lot of pressure, because the appreciation of the many business failures, making Chinese goods less competitive internationally a lot. More importantly, the Chinese foreign exchange losses on a direct, dollar-denominated assets against which a substantial loss back home, in other words now in the United States assets are hedged assets. Then, in the tremendous economic pressure, the final once again chosen to keep an eye on China's dollar policy, a more substantial appreciation of the yuan during the U.S. dollar relative to other currencies is also a significant appreciation of Chinese companies that once again worse, until the dollar started to depreciate again China's exports was gradually improved. from the point of the whole process, not to mention the success of Chinese exchange rate policy, is upset to return to keep an eye on dollar, indicating that there was appreciation of the timing issue.
yuan last close watch The dollar has some benefits of economic recovery, but the future revaluation pressure still exists, mainly the development of China's economic decisions, if China wants to avoid the sharp appreciation of the renminbi is necessary to establish a larger capital market, while the RMB internationalization so that more people hold the RMB, so that countries do not keep their inflation under a lot of the issuance of RMB, the price is determined by the supply relationship, supply enough natural appreciation of the RMB will reduce the pressure, then the yuan from the dollar will gradually mature . long-term depreciation of the dollar is expected to be inevitable, it is because the U.S. economy itself has been seriously overdrawn, it is only through the issuance of a lot of money to hedge this risk, the currency is an inevitable decline in the value too much. Therefore, the RMB from the dollar sooner or later to.
RMB internationalization of the main criteria currently two points: 1, to allow more foreign ownership investment of RMB to enter the Chinese market, then this requires a sufficiently large capital markets; 2, trade settlement, the original form is currency swap, when everyone can be trusted after the settlement of RMB currency, so as long as a settlement currency traders must always hold to the RMB, which is why I think China should still be the continued occupation of the world commodity markets, the dollar held RMB then the holders of RMB yuan more than enough people out of the dollar will, in order to facilitate the settlement of other countries will gradually close watch on their yuan currency, which gradually formed the international. Currently, the yuan can only be keeping your eye on the dollar because RMB's international power is now too weak, a process that is inevitable.
second question. trade is a country in the process of capitalist development must form, no process of industrialization of the country not to rely on trade conquer the world, which involves the balance of payments problems. China has become Europe's plant which is a process of the industrialization process, otherwise, how can technology transfer from developed to developing countries? how could the capital transfer from developed to developing country? China is the virtue of cheap labor to attract capital and technology to achieve their rapid development, which is the process of industrialization. As for the U.S. and Europe accuse China of this is inevitable, no country are all on their own point of view, these more moves here from China in order to get more benefits. In addition, the Western leader to keep their technology, there are many high-tech products export restrictions to China, which China's trade surplus resulted in objectively great. station In China's point of view, so that excuse of course, just as Western Canada's dumping charge in China, like the body, which is actually a defense of China to the other charges added. Frankly speaking, even if Europe does not restrict these technologies, because labor costs in China very low-end Chinese trade surplus is still high. This is the trade dispute, but the contest of strength, his death this is not the root cause, the fundamental reason is that capital is the fame and fortune, of course, low labor costs in China to invest in China, investment in Europe and America after completing Of course life will need to import, then of course, will have a surplus. Since it is a game, it does not exist any help do not help, the fight is wise to talk about what help or not, help = incompetence. just like iron ore, China imported iron ore trade of five of the world into such a big customer if we can integrate itself fully with the bargaining power and at least part of the pricing, the results of what China's internal friction, he did not rule, their messing around, they finally so passive. This can not blame the people of Australia, who do not think for themselves? complain to blame the people who do not live up to expectations, such as Baoshan Iron ore negotiations soon to be rising on the steel, it is not obvious to their negotiation manufacturing pressure? so how could not be controlled by others without strategy? see the Copenhagen conference, prepared to say, this pocketed the eyeballs in China, so negotiations are not a passive thing, of course, also have bargaining power.
The International Game indeed it is the strength to speak, speak the wisdom of China suffer more than before, and now gradually have some initiative, these are the strength dictates. even if the U.S. does not mean everything completely, this is not Copenhagen very trouble? so the international event to watch over and over again, and not just look at one side. As the people's livelihood, the failure of reform in China has led to three people's livelihood is a serious problem now, health reform, education reform, housing reform, these three changes a lot of trouble to change out, it has been seriously affected the livelihood and sustainable economic development. So far still no three elements of this change, the Chinese planted a large hidden economy. But if the Government does not point score that is an exaggeration, the most recent description of China's rapid economic development policy although there may be arguable but the direction has not committed a fatal error on. For example, in social security is a major change for the present indeed, but such as healthcare reform was still not complete, which will leave troubles; Reform The current stagnation, education, a growing problem; housing reform not to mention the real estate has become China's largest economic sub cancer, the biggest risk China's economy. These three do not frankly say that I am most worried about.
The third problem. Indeed, the current Chinese real estate in taking a point of no return, it does not return the interest involved too much in fact, ordinary people can not control high prices can not imagine why, if the primary responsibility for the return to developers and real estate speculators who it is biased. In my opinion, the root of high prices on the chase to catch 九四年 then the tax system reform, housing reform government to catch all the problems of housing to the market, the real estate as the driving GDP of major industries, continue to pursue further deep reform of the mechanism involved in the Government, the Government is also the root causes of the high cost of operating one. post-tax distribution of property rights taken away but did not take more powers, and ultimately must rely on local government finances tight Sale to fill a vacancy, which formed a land finance. The housing market all to make a direction can be controlled product pricing, the ultimate real estate developers and local governments and financial institutions to re-form a community of interests, this relates to how the interests of all parties will really control prices? Therefore, the reform must first establish the real estate industry, the Government's position as a real estate supply side, while the land to solve the financial, but also reform of the mechanism involving the Government, to solve these fundamental problems is the corruption, real estate and other surface problems . These fundamental problems are not resolved, the Chinese real estate industry is no return, and ultimately bound to collapse, that would inevitably hurt the Chinese real economy.
fourth question. China's system of course is not advanced, even the legal community has not fully realized about What is advanced. China's economy is the rapid development of China's demographic dividend is the outbreak of reform and opening up to China on this basis provides a direction, but far from advanced systems, can only be fairly appropriate. but the moment with the China's economy entered a period of qualitative change, the moment the system has become increasingly inappropriate. corruption, more and more serious, more serious official standard, and uneven distribution of social benefits has led to physical confrontation. These are serious system problems caused. Therefore, China must continue to reform, we must continue to strengthen the institutional reform and institution building.
it is undeniable that the Chinese economy is developed, can not deny is that our standard of living, and if denied So that our state system as advanced as ridiculous. reform and opening up three decades, our economic development is real, this must be recognized. Otherwise, thirty years ago, there is much difference between China and North Korea? but now you more than willing to put themselves and the DPRK? This is progress. Therefore, we must acknowledge progress, but also must recognize the gap. So, I have never complained against blindly, blindly that wretched, wretched! Who we are born in this country, our country had just experienced two or three hundred years behind the shame, of course, of course, development is very slow, Is this the reason we give up on themselves? So do not do so much complaining, and more effort for everyone under the point of influence the lives of more than just promote the system construction is our duty to this people, I think all would complain about are not worthy of sympathy.
there is no absolute in this world of democracy, Western democracies to democracy? the United States to push the Democratic favorite, but he shells others flew to the head, smashing other people's homes, calling them is to bring democracy. If people did not even order a democracy should do? ate the top of what use are not democratic? to mention is the most developed United States still has serious racial discrimination, a hundred years ago the United States had slaves, and China two thousand years ago to have left a slave society. So, nothing worthy of worship western, Western of Genghis Khan, if not today, opened the Hexi Corridor, China The four great inventions of the past where there does not pass today's Western? no western United States where there is now? modern maritime power but also because here is the development of powerful Arabs can not only take into account the sea adventure, who can be developed on land to the sea development ? These are historical facts. our modern backwardness is our own making, we must be responsible for these, we should also learn something advanced to the West, but we do not blindly worship, not to mention that what they have nothing to worship We just need improvement. We should not leave the so-called Western democracy, but to create their own genuine democracy, this is the most important.
many problems in China, but she, after all, tomorrow, after all, a strong driving force for development, the need to build the system is not perfect, but everything needs to be done. America before being discovered, or the middle of nowhere does not it? Rome was not built in a day, it requires the efforts of several generations. the future is bright, The road is tortuous.
Thursday, January 13, 2011
42-year-old martial arts instructor involved in cases of rape trial of 13-year-old pleaded not guilty apprentice
Married martial arts instructor and female students,
martial arts instructor (He was 42 years old) suspected in Feb. 28, 2007 to May 9 during the day, 3 times a rape of female students as young as 13 years old, but 4 times to make indecent acts on her .
the defendant is married and has children. He faced a total of seven charges, pleaded not guilty. The case to trial this morning, school principals and Discipline Officer has testified.
heard the prosecution revealed that girls in a 2007 study, participated in martial arts community, then the coach is the case the defendant.
2007 Lunar Year (ie 20 February), several of the group of girls to go hand in hand to the defendant at home New Year. After the girls left the house the defendant was originally intended to go to another appointment, but the appointment was temporarily canceled.
girls then contact the defendant, and he readily agreed, drove to pick her up, but most of the day to accompany her. The defendant asked the girls that night, are you willing to be his girlfriend.
Since then, the defendant and the girl two months, three times to have sex.
accused face seven charges, of which three that he raped her and committed Children and young people committing Act.
martial arts instructor (He was 42 years old) suspected in Feb. 28, 2007 to May 9 during the day, 3 times a rape of female students as young as 13 years old, but 4 times to make indecent acts on her .
the defendant is married and has children. He faced a total of seven charges, pleaded not guilty. The case to trial this morning, school principals and Discipline Officer has testified.
heard the prosecution revealed that girls in a 2007 study, participated in martial arts community, then the coach is the case the defendant.
2007 Lunar Year (ie 20 February), several of the group of girls to go hand in hand to the defendant at home New Year. After the girls left the house the defendant was originally intended to go to another appointment, but the appointment was temporarily canceled.
girls then contact the defendant, and he readily agreed, drove to pick her up, but most of the day to accompany her. The defendant asked the girls that night, are you willing to be his girlfriend.
Since then, the defendant and the girl two months, three times to have sex.
accused face seven charges, of which three that he raped her and committed Children and young people committing Act.
Wednesday, January 12, 2011
Shanghai million green flooring manufacturers not reached the court for a retreat one indemnity
Warranty card marked , Minhang District Court ruled that the manufacturers under the Consumer Law back a lost one.
January of this year, in order to decorating their new homes, Mr. Liu spent a million to the wood on the purchase of nearly 100 square meters of floor. Warranty Card marked smell filled the air, Mr. Liu has not exhausted all measures to eliminate. He therefore removed the floor after the other installed another floor, and rented a warehouse placed on the floor removed.
coordination of the company with no fruit wood This year in March, Mr. Liu will be wood company to court, to the floor there is formaldehyde, organic compounds, occupation of factories on the grounds of fraud, according to Consumer Law requires manufacturers to the provisions of decree back a lost one, and compensate for the floor due to rework, etc. loss cost of nearly 12,500 yuan. the court, Wood insisted that the company qualified products, saying they were investigating the scene found that Mr. Liu Chuangtao home doors, hard interior decoration materials, formaldehyde and other volatile, air smell may be the decorating materials distributed. Mr. Liu is out of his house two indoor air quality testing report. In February of this year's report the first detection of formaldehyde exceeded the standard average of 0.11 milligrams per cubic meter, while the removal of the floor after 3 test report in the month of indoor formaldehyde levels were lower than the standard. Wood relevant departments of the board commissioned by the appearance of quality, moisture content of the test are qualified, and the paint supplier quality standards.
Court held that Wood floor test report provided by the company is not on the floor of the organic emissions were measured, and Liu provide indoor air quality report 1 month after an interval, with or without the floor that the impact on air quality to determine the organic matter in the floor volatilization method is reasonable. According to testing data, the court found that the floor is Mr. Liu formaldehyde in indoor air at home index exceeded the direct source of organic matter. Wood warranty card in its commitment request threat, the nature of fraudulent sales practices, the verdict.
January of this year, in order to decorating their new homes, Mr. Liu spent a million to the wood on the purchase of nearly 100 square meters of floor. Warranty Card marked smell filled the air, Mr. Liu has not exhausted all measures to eliminate. He therefore removed the floor after the other installed another floor, and rented a warehouse placed on the floor removed.
coordination of the company with no fruit wood This year in March, Mr. Liu will be wood company to court, to the floor there is formaldehyde, organic compounds, occupation of factories on the grounds of fraud, according to Consumer Law requires manufacturers to the provisions of decree back a lost one, and compensate for the floor due to rework, etc. loss cost of nearly 12,500 yuan. the court, Wood insisted that the company qualified products, saying they were investigating the scene found that Mr. Liu Chuangtao home doors, hard interior decoration materials, formaldehyde and other volatile, air smell may be the decorating materials distributed. Mr. Liu is out of his house two indoor air quality testing report. In February of this year's report the first detection of formaldehyde exceeded the standard average of 0.11 milligrams per cubic meter, while the removal of the floor after 3 test report in the month of indoor formaldehyde levels were lower than the standard. Wood relevant departments of the board commissioned by the appearance of quality, moisture content of the test are qualified, and the paint supplier quality standards.
Court held that Wood floor test report provided by the company is not on the floor of the organic emissions were measured, and Liu provide indoor air quality report 1 month after an interval, with or without the floor that the impact on air quality to determine the organic matter in the floor volatilization method is reasonable. According to testing data, the court found that the floor is Mr. Liu formaldehyde in indoor air at home index exceeded the direct source of organic matter. Wood warranty card in its commitment request threat, the nature of fraudulent sales practices, the verdict.
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