Monthly Archives: October 2015
Cover of October 2015
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Table of Contents of October 2015
- Cover story
- Economy outlook
- Financial strategy
Taiwan’s consumption stimulation plan
- Legal spotlight
- Point of interest
- Portrait
- Remark from editor
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Xi’s UK State Visit
Chinese President Xi Jinping had a successful state visit to UK in October.
On October 21, witnessed by President Xi Jinping and the Prime Minister Cameron, Chinese Minister of Commerce Gao Hucheng signed with the British Secretary of State for Business, Innovation and Skills Sajid Javid and the British Secretary of State for International Development Justine Greening respectively the Memorandum of Understanding between Chinese Ministry of Commerce and the Department of Business, Innovation and Skills of the United Kingdom of Great Britain and Northern Ireland on Strengthening Bilateral Local Trade and Investment Cooperation and the Memorandum of Understanding between Chinese Ministry of Commerce and the Department of International Development of the United Kingdom of Great Britain and Northern Ireland on Strengthening Development Cooperation and the Partnership Implementing the Goals of Sustainable Development. Memorandum of Understanding on local cooperation is the first MOU signed by China and EU countries on strengthening local economic and trade cooperation. Continue reading
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China’s 13th five year plan
According to VAO news, Chinese authorities is holding high-level political meetings in Beijing in the last week of October that are expected to unveil details about the country’s next five-year plan, which comes as the Chinese economy is slipping into a so-called “new normal” of slower economic growth. Continue reading
Filed under Economy outlook
Taiwan’s consumption stimulation plan
Taiwanese Executive Yuan announced in October its program to bolster consumption, which will be based on the principle of the “government providing subsidies, enterprises adding incentives and all citizens enjoying the benefits.” The program emphasizes collaboration between the public and private sectors, encouraging businesses to coordinate with the government in conducting promotional sales and discounts that foster a festive year-end purchasing trend. Continue reading
Filed under Financial strategy
TPP’s negotiation completed
On October 4, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries announced conclusion of their negotiations. The summary of the TPP Agreement is as follows: Continue reading
Filed under Legal spotlight
Fujian Tulou
Fujian Tulou is a property of 46 buildings constructed between the 15th and 20th centuries over 120 km in south-west of Fujian province, inland from the Taiwan Strait. Set amongst rice, tea and tobacco fields the Tulou are earthen houses. Several storeys high, they are built along an inward-looking, circular or square floor plan as housing for up to 800 people each. They were built for defence purposes around a central open courtyard with only one entrance and windows to the outside only above the first floor. Housing a whole clan, the houses functioned as village units and were known as “a little kingdom for the family” or “bustling small city.” They feature tall fortified mud walls capped by tiled roofs with wide over-hanging eaves. The most elaborate structures date back to the 17th and 18th centuries. The buildings were divided vertically between families with each disposing of two or three rooms on each floor. In contrast with their plain exterior, the inside of the tulou were built for comfort and were often highly decorated. They are inscribed as exceptional examples of a building tradition and function exemplifying a particular type of communal living and defensive organization, and, in terms of their harmonious relationship with their environment, an outstanding example of human settlement. Continue reading
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CRRC
Upon the consent by the Chinese State Council and the approval by the Chinese State-owned Assets Supervision and Administration Commission of the State Council (SASAC), China CNR Corporation Limited and CSR Corporation Limited merged into CRRC (China Railway Rolling Stock Corporation) Limited on the principle of reciprocity, which is an A+H share company. On June 8, 2015, the CRRC was listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange upon the approval by the China Securities Regulatory Commission (CSRC). Headquartered in Beijing, the CRRC has 46 wholly-owned and majority-owned subsidiaries and more than 170,000 employees. Continue reading
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Is there equity in equity?
Cheming Yang
Taiwan is poised to repeal yet-to-be implemented capital gains tax on stock gains. A tax on some capital gains from the stock market was passed by the Legislature in mid-2013, but its implementation was later delayed to 2018 because of fears it would negatively affect turnover in the local stock market. Opponents claimed that the mere existence of the measure was scaring away investors. Continue reading
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