Monthly Archives: April 2012

Cover of April 2012

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Table of Contents of April 2012

1. Cover story

Taiwan proposes securities gain tax

2. Economy outlook

Global value chain and trade protectionism

3. Financial strategy

Baidu announces first quarter 2012 results

4. Legal spotlight

Australia rejecting Huawei’s bidding for  National Broadband Network Project

5. Point of interest

Auto China 2012

6. Portrait

Leader of top Chinese search engine

7. Remark from editor

Liquidity king and capital gain tax

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Taiwan proposes securities gain tax

Proposed amendments to Taiwan’s Income Tax Act, which will see a securities gain levy reinstated from 2013, were approved April 26 by the ROC Cabinet in Taipei City. Continue reading

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Global value chain and trade protectionism

The First Trade and Economic Ministers’ Meeting of G20 was held in Puerto Vallarta, Mexico on April 19. Its main topics are: global value chain, new interpretation on trade, and trade, growth and employment. Chinese Minister of Commerce Chen Deming headed a delegation to the meeting, and delivered a speech. Continue reading

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Baidu announces first quarter 2012 results

Baidu, Inc., the leading Chinese language Internet search provider, on April 24, 2012 announced its unaudited financial results for the first quarter ended March 31, 2012. Continue reading

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Australia rejecting Huawei’s bidding for National Broadband Network Project

In response to Australian government’s rejection of Huawei’s bidding for the national broadband network project, the spokesman of Chinese Ministry of Commerce Shen Danyang pointed out in an interview granted to media that, the rejection by Australia was beneath impartiality and China is deeply concerned about it.

Mr. Shen said that, according to our information, Huawei has provided broadband network equipment and service to many countries. Huawei Australia, which participated in the tenders, is a company that has a staff of whom 90% are Australia citizens, and that are doing business in Australia for nearly ten years without any bad record. Australia has no reason to reject an enterprise in fair competition in pretext of security, when there is no fact of evidence.

Mr. Shen stressed that China and Australia have signed bilateral investment protection agreement, and bilateral trade and economic cooperation has been developing well these years. China and Australia should adopt an open, cooperative and constructive attitude, and create an impartial market environment without discrimination for enterprises of the two countries in carrying out trade and investment, so as to promote the healthy development of China-Australia trade and economic cooperation.

Source: Ministry of Commerce Website; http://english.mofcom.gov.cn/aarticle/newsrelease/policyreleasing/201204/20120408064948.html

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Auto China 2012

With the history of over two decades, Beijing International Automotive Exhibition, known also as Auto China, has been successfully organized for eleven consecutive sessions. Auto China, organized every two years, has been globally recognized as the one of the most important auto shows in the world. Auto China 2012 will be held from April 25 to May 2 of 2012. The venue is at China international exhibition center (Tian Zhu). Continue reading

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