Monthly Archives: April 2012
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
6. Portrait
Leader of top Chinese search engine
7. Remark from editor
Filed under Contents
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
Filed under Cover story
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
Filed under Economy outlook
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
Filed under Financial strategy
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
Filed under Legal spotlight
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
Filed under Point of interest
Leader of top Chinese search engine
Robin Li is the co-founder, chairman and chief executive officer of Baidu, Inc., and oversees the company’s overall strategy and business operations.
In the 11 years since founding Baidu in January 2000, Robin has turned the company into China’s largest search engine, with over 80% market share. Baidu also ranks as the second largest independent search engine in the world. In August 2005, Baidu listed on the NASDAQ stock exchange, and in December 2007 became the first Chinese company to be included in the NASDAQ-100 Index. Continue reading
Filed under Portrait
Liquidity king and capital gain tax
Cheming Yang
According to a report of the Standard Chartered Bank, the People’s Bank of China (PBC), China’s central bank, has become the king of global liquidity with its total assets topping 28 trillion yuan (about 4.5 trillion dollars) by the end of 2011. The PBC had seen a 118 percent rise over the past five years. Chinese M2 was up 146% over the past five years to 85.2 trillion yuan (13.8 trillion dollars) and China accounted for 52% of the world’s new M2 in2011. PBC has become the world’s number one both in terms of the stock of M2 money and newly-added M2 money. The crown of major global liquidity provider has been taken away from the traditional central lender, such as the U.S. or the Europe. Continue reading
Filed under Remark from editor
GOLD MONEY TALK 