Monthly Archives: April 2012

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

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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

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