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China won the United States' countervailing 'lawsuit

02/24/2012 10:23

 

The local time on December 19,, the federal circuit court is the hebei tyre company in the United States in le to its 14% on anti-subsidy and appeal made a historic in the ruling, that America countervailing law does not apply to 'non-market economies'. According to the ruling, since 2006 the United States to restart the ministry of commerce on China's export enterprise countervailing investigation made decades since Pope countervailing investigation, all don't comply with the current law, could start all over again, about $8 billion of China is likely to get rid of products involving the United States set countervailing barrier which directly for China's export products come back to life.

This is a natural for China's export enterprise exciting news. Since November 30, 2006 the United States to China launched the export of glossy paper countervailing and the anti-dumping investigation later, China and the United States have been trade disputes, especially in after the outbreak of the global financial crisis, the United States in order to help themselves, increase the export enterprise after China's 'double reverse' action, China's export suffered a serious challenge. In recent years, our New Era Hats country foreign trade export the products in continues to decline, coastal a number of the production of export products for business enterprise in serious difficulty. The United States set this trade barriers once removed, natural let China export enterprise hold their head high.

But, the United States circuit court that ruling, but in China is still a 'non-market economies' for the premise condition, this obviously China and the pursuit of the goal are not consistent. After the reform and opening up, China gave up the government economic management plan economic model, especially in 10 years ago to join the WTO, China is increasing the international market with the power and speed. The United States and other countries to make China previously countervailing sanctions, the basis is also because the so-called government subsidies don't conform to the market economic principles. Now, if China accepts the U.S. circuit court ruling that, apparently the China must accept the implicit imposed on our 'non-market economies' such a hat. For we celebrate the United States in the court of the ruling, but also increase a point the colour of anxiety.

Long-term since, in the development of China's economy to rely heavily on exports, and will promote the growth of GDP as a important method. In the policy guidance, China's exports maintain a high growth, and has emerged with a large number of overseas market as the main business docking of small and medium-sized private enterprises. But, this kind of a single export oriented policy but covers the domestic market power consumption insufficient contradiction, some local governments to support export enterprise do big business, to export enterprise implementation of financial subsidies, the country is also to some export product implementation export tax refund policy. The result from this policy, although did receive foreign trade exports increase the positive effect, also solved quite a number of social employment problem, but that the economic growth in China to produce too many of dependence on foreign trade, relax the domestic market sense of urgency. At the same time, the higher financial subsidies and export tax rebates for foreign consumers to enjoy the Chinese prices, the domestic market prices higher than foreign markets instead. Obviously, this in putting the cart before the horse fiscal policy support of export, is the lack of persistence, in recent years the appear international trading friction, are the United States and other countries for selfish pursuit of the crisis of the interests of the pass on motive, but China is also should really see the friction from their deficiency.

Insist on the development of the Cheap sunglasses market economy road, is China will firmly established state policy. The real the requirement of market economy government meddling in the economy must be highly restrictions, but in recent years, our country from the central to local levels of government in economic affairs have specific degree increase trend, U.S. circuit court based on China is' non-market economies' to the ruling, too, from a side to China made a wake up, we can't just accept the laws of the United States to the Chinese enterprise support and ignore it to our economic system judgment. Therefore, we must see their own economic structure exists serious defect, thorough reform. This reform a direction, is gradually cancel the government use national finance gives export enterprise financial subsidies, and gradually cancel is still in some sectors of the implementation of the export tax refund policy. China enterprise must give up lying on the arms of the government of the growth of the mind, the only way to truly made in the international market the discourse right, so that China's export trade maintain effective sustainability.

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Blow the real intention of the euro

The biggest victims are false urbanization farmers citizens

02/23/2012 11:10

 

National land vice-president inspectors Kennedy hidden spring 22 said, our country land expropriation system of the biggest drawbacks, farmland is in the process of urbanization caused a lot of 'false urbanization' farmers. Now the population statistics, more than half of the city is living population statistics, in fact not enjoy treatment of citizens.

This part of the farmers in a very awkward position of: is the side of land has already been requisition, farmers lose live life of production material, the other side is to be called 'urban' farmers, in social security, employment, and no child enter a waiting to enjoy the true citizens treatment. Some farmers will land transfer income after spending is likely to survive in times of trouble. Can say, landless farmers is the biggest victims false urbanization.

In the process of urbanization in the false the biggest beneficiaries of developers and local governments. Real estate development enterprise by the name of the urbanization take various means even at the local government backing for forcing JiangCa depended on real estate development, the purpose is to seek profits. This is the developers to speed up the urbanization construction screamed, MLB hats is why developers with the city into rhetoric on prices, high prices push hype the reason. The local government, especially local governments from the city from get huge gains, from rapid development of real estate won the tax and GDP, which is more than the hard development of the third industry and real economy much faster. Developers and local governments have common interests in urbanization, will naturally formed alliances, and also can regardless of urbanization is true or false urbanization and advance farther.

Wantonly covers an area of cultivated land occupied land, even phenomenon, in accordance with the requirements of the development of the city around, naturally, extended to expand the land demand is not fearful. This need is the real need, is inevitable process. The most terrible is, is currently in the capital city to down to small county to blow a made new town, made big square 'sports'. See the acres of arable land is new town, overnight, the government building in front of the big square, was a year more than 300 days of so-called idle leisure square occupied, who see will be grieved.

The author always think, on the one hand, urbanization should and economic development speed, especially the residents, the social guarantee construction adapt to the degree and level, too slow appear lags behind, the fast also not line, false urbanization is inevitable. On the other hand explores as soon as possible what China go what kind of urbanization? Must have a correct view and understanding the concept of urbanization. Emphasis on 'change' word fuss. A kind of understanding is urbanization is the inhabitants of the cities are not drive into the city, the other a kind of understanding is the urbanization is now is not just the city will rural especially big towns' change 'into cities, namely, the urban. The author thinks that, after a kind of urbanization with the reality of China, is China's urbanization way out. That is the rural urbanization is administrative villages' change 'into the city, not drive into the city farmers. 1.3 billion population is China's largest national conditions, not possible according to 1.3 billion cast into the city's population urbanization practice make. If I really want to do this, then, is inevitable citizens and farmers in the existing buy sunglasses situation of having a difficult time.

This requires, first, must from system to solve the problem of mechanism, as soon as possible to break urban and rural economic structure and the abuse of the system, and realize the rural and urban population freedom, equality flow. Second, speed up the rural infrastructure investment, speed up the rural urbanization construction force. The villages and small towns construction into town city, not only keep farmers and still can attract city people, it is not only accord with the situation of China urbanization, urbanization road, and is the current economic pull the necessary.

All in all, as long as to determine the correct direction of urbanization, to avoid false urbanization phenomenon, also can really protect cultivated land resources, protect the landless peasants' rights and interests, reducing land disputes, maintain social stability.

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The employment situation and policy

Antitrust investigation is of great significance

02/22/2012 09:55

 

Monopoly state-owned enterprises has always been a fan of market economy the main object of criticism. But for a long time, monopoly state-owned enterprises to criticism is basically stay out of the war, is still persist one's old ways, seems to be free in the market outside the rules. However, the development and reform commission a monopoly survey news, I'm afraid to let these reveling in the monopoly dream startled of state-owned enterprises.

According to CCTV's reports, at the national development and reform commission is investigating, China telecom and China unicom suspected of broadband access field problem of monopoly, if established facts, the above two enterprise possible in billions of dollars of huge fines. No matter from which Angle, this thing for China the perfection of the market economic system and establish and regulating the behavior pattern of state-owned enterprise is of great significance of benchmarking sex.

The free and equal competition, market economy is the main rule, and the monopoly is the great enemy of the equal competition. It is aware of the market economy monopoly destructive, western developed countries as early as one hundred years ago by formulating the antitrust MLB hats laws related to impose harsh monopoly. China's anti-monopoly law in 2008 that formal introduction, and in recent years the main review object is foreign capital to the domestic enterprises mergers and acquisitions, and widely people have noticed the problem of monopoly of state-owned enterprises, the almost no censorship of the case, let alone to accept deserve.

In fact, the problem of monopoly state-owned enterprises has been the fair competition of the market economy is not a chronic illness. Some state-owned enterprises use policy gives of monopoly power, purposeful sabotage the basic principles of fair competition, and use this as grab huge monopoly profits from the beginning. The data show that 102 home last year scholars from renmin total assets of 24.42746 trillion yuan, net profit of RMB 852.27 billion yuan. In contrast, many private enterprise to manage difficulty, thin profit.

And the vast number of consumers to pay for higher prices, enjoy is more bad service, such as nets fee expensive, slow speeds. In the monopoly, under the protection of the some state-owned enterprises lack of innovation power, neglected and organizational chaos, corruption, the bushes. And did not improve their monopoly losses of fate. Such as China unicom last year 4.1 billion yuan giant kui, row in the last name all scholars from renmin.

The development and reform commission on two communications giant antitrust investigation, opened the door of the anti-monopoly of state-owned enterprises. According to the Cheap sunglasses development and reform commission said, two of the suspected accusation of the monopoly enterprises is the price discrimination, for this and take punitive measures is a fine. A fine is necessary, but we on subsequent measures and practice more attention. Such as how to solve two state-owned enterprises of interconnected, considering the development and reform commission, including involving department of the ministry of commerce and work, believe the judicial organs and many other departments, how to coordinate is a big problem.

Not only that, we also look forward to the antitrust broadsword to cut more of the anti-monopoly enterprise. Although monopoly power to powerful, but to perfect and establish the real full competition of the market economic system, the pain will have to make up your mind to break through the heavy resistance. The rule of law, to govern the enterprises. Only monopoly completely eradicated, various types of enterprise can stand to fair competition stage tried his power, China's economic vitality again to get the impulse, long-term economic sustainable development have reliable guarantee.

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Increasing direct investment or China of the European Union rescue strategy

02/21/2012 10:22

 

After eight hours of marathon negotiations, the European Union summit finally solved the Greek debt crisis a package deal.

In the solution through the before between central Europe frequent interaction between, the European Union is put down the initiative to these China for help. However, China has to help the eu is certain necessary, but must adhere to the basic principle of strengths. In many options for assistance programs, should pay more attention to intensify the eu direct investment. And the direct purchase crisis countries than bonds, this is probably a better plan.

According to the latest reached agreements, the eu decided to European financial stability tool scale leveraged to expand the 1 trillion euros to aid in the eurozone debt crisis sovereignty. But the 1 trillion euros is not ready, need to large-scale financing. But the reality is, the European Union countries generally lack the money to the bank. Just over a month ago, the European baseball hats central bank, the federal reserve, the Swiss central bank, the bank of Japan and bank of England announced before the end of the year for European Banks into dollars with liquidity.

So, as the world's second largest economy, and has more than $30000 of China's foreign exchange reserves will become the European struggled to get the 'borrow money' object. According to the concerned scholar measurements, in China's huge foreign exchange reserves, about 1.2 trillion dollars in the United States sovereign debt, has about $800 billion in the eu sovereign debt. Other investment again eliminate, China at least several hundred billion dollars and the store can use. British media said, in Mr Sarkozy and the thunder of the green lobby, the Chinese side may as' the European financial stability fund 'investment about 70 billion euros.

There is no doubt that, in the European debt crisis to make the necessary assistance, accord with China's economic strategy. At present, the European Union is China's largest trading partner, both sides of the trade volume last year to $360 billion.

But how to aid is a question. On the surface, China's purchases of bonds the eu, lending money debt crisis countries, is the most direct and may immediate answer. But this approach also contains a huge risk. Because the eu's main aid, such as France and Germany would itself, and the United States is also ZiGuBuXia, such as Greece and recipient domestic economy situation didn't fare any better, at present the tightening of fiscal and most voters by the strong opposition, the prospect of the future is not clear.

Therefore, might consider using foreign exchange reserves to increase the eu's direct investment, in order to reduce the debt held too much the risks. Increasing direct investment can also bring benefits include:

On the one hand can help to alleviate the eu capital shortages. By the end of last year, China directly set up in the European Union of investment enterprise Discount sunglasses nearly 1600, stock of $12.5 billion.

On the other hand, there are beneficial to increase the eu's employment. The European Union's unemployment rate remains high, chinese-invested enterprises entering, the will to expand the eu employment brings new power. At present, Chinese enterprises employ Europe less than 40000 employees, the potential is enormous.

To the European Union expanded direct investment, is also the Chinese enterprise to speed up 'go out' strategy of an opportunity. Direct investment can make China enterprise around the host country of the many barriers to trade, reduce the bilateral trade friction. In addition, China can also be bold to issue aid conditions, that China's market economy status, expand the energy and high-tech areas etc., for Chinese enterprise to provide more into the opportunity.

In short, more use of the eu's direct investment, can receive multiple effect, was a 'more than an arrow carved' good solution.

Of course, the Chinese enterprise in the eu's direct investment to expand, but also need to social security systems. In the process, the Chinese government should speed up the talks with the European Union and communication, for China in the European Union investment build a more relaxed and more equal environment.

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The influence of the gold four factors

02/20/2012 10:14

 

First, the Greek parliament passed the bill to make sure to make the day put the European Union and the international monetary fund's second round of aid, 130 billion euros ($) for relief fund, avoid disorderly breach. The bill includes terms in 2012 alone will cut 3.3 billion euros wages, pensions and jobs. March 20, 14.4 billion euros of Greek bond matures, unless the Greek received relief funds, or will be unable to repay its debts. The bill to control their quarter by let the market for the second relief to Greece expected to warm up, and Greek congress voted to reduce the downward pressure on the euro in the short term, short line still supported for gold. But Greek bail-out is still faced with more difficult, the euro zone finance ministers this week is expected to be in later signed the agreement on the meeting, but agreed to sign in before, they will demand that Greece how to realize the budget for this year of the earnings of 325 million euros.

 

Second, the fed chairman Ben bernanke recently said, the federal government should launch related new policies to boost the real estate market. The United States economic policymakers seem to have in through the boosted housing to enhance the American economy has long "physical" reach an agreement. However, relatively limited finance policy space but may be the American housing market recovery the New Era Hats road. Bernanke has eight days is the third public calls for incentive the real estate market. In the United States housing builders association at 2012 annual meeting, he stressed that the housing and mortgage market situation or are drag financial market recovery and influence the credit situation normalization, the federal government should introduce more measures to promote the housing market recovery.

However, the New York times says that while the federal government and state governments and big Banks reached $26 billion mortgage the settlement agreement would allow millions of American homeowners get increase, but the limitations of the agreement will also allows a lot of people are out. Even though the fed top continuous for Obama to government again make moves to stimulate the property market, but the government's intervention ability is limited, but the fed relatively more influential, to a great extent estate recovery still need the fed "quantitative easing" policy.

Third, the euro zone risk disintegration is growing. Part of the national central Banks, financial institutions, multinational enterprise and market investors have started to make emergency plans, and for individual countries from the euro zone or the euro zone to collapse. Some of the European countries the central bank has been discussing the euro zone after the one thousand collapse of countermeasures. The central bank of Ireland will need to discuss whether acquire managers, once the eurozone collapse or Irish out of the euro zone, printing machine will send on the big use. The Swiss central bank although not for "managers" trouble, but for now is pegged to the euro of CHF strategy, once the euro collapse, the Swiss central bank will suffer from looking for the next or a basket of hook currency, the Swiss central bank officials have started to consider the current in what currency or replace the euro currency basket.

In addition, some multinational enterprise and market investors is aware of the potential risk of collapse of the euro zone. Use the prescient Germany Siemens last September or already heavily escape France banking, pull the plug limit for around 500 million euros. Since then, many multinational auto manufacturing enterprise, energy enterprise and consumer goods enterprises have to follow suit, will cash reserves to leave the dangerous of the European banking industry, the multinational enterprise is for the eurozone disintegration of one thousand make emergency plans. Northern Europe countries of financial MLB Jerseys institutions and retirement funds have slash to the euro zone finance nervous countries loans. The euro zone crisis is real crisis, once appear, the unforeseen financial risk, gold is still the last refuge.

Its 4, American gold futures net position has been rising since the end of the trend, the latest data was 50.70%, and the net silver bull has also increased, the latest figures show that more than 32.69% of the net. The gold and silver is promising to continue.

Market focus is the European Union summit on Wednesday short-term, because the Greek rescue loans are still 130 billion euros will need to get approval of the leaders of the European Union, before this material market sentiment will maintain the current cautious optimism. Overall, gold or and risk assets LianDongXing stronger, and the Greek tightening bill through, inside short time euro still has support, the weak beauty means will also continue to the gold.

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Southeast Asia investment environment is still a window

02/19/2012 10:13

 

If 2011 "east on the west the rain" of the world economic development to the world situation left deep impression, that western developed economies continue to reason for stability, Oriental emerging economies constantly unconventional, will become the 2012 world economic development of the two important aspect. Among them, the southeast Asian economies good momentum of development and continued to good investment environment, will continue to attract the eyes of the world.

The Asian development bank's latest observations showed that in 2012, the asean economic will keep overall health good development momentum, including Indonesia will be 6.5% growth came first, followed by Vietnam, the Philippines, Malaysia 6.3% 4.8% 4.7% 4.5% 4.0% and Singapore, Thailand. The international consultation institutions, released by the company of cole in 2012 "global foreign direct investment confidence index" shows that Asian countries especially emerging economies in 2012 is the most attractive investment destination, including asean countries, Singapore's rankings from last year's 24 th jumped to the 7 th, Indonesia from 20 th to ascend to the ninth, among the 14 Vietnam, Thailand is at the sixteenth. Asian emerging New Era Hats market in a New Year is expected to bring greater opportunity for investors.

 

In the past year, southeast Asia countries-emerging Asia development excellent performance, and the investment environment have been further strengthened and improve, investment achievements. According to not complete count, last year 1... July, Cambodia, the government has approved 75 investment projects, the total amount of 5.5 billion us dollars, up 301%; Last year 1... In September, Thailand were accept foreign direct investment application project 773, up 27.8%, total amount involved 254.56 billion baht, up by 91.4%; And the Philippines investment council approval in 2011 for the investment of 368.9 billion pesos, a 22% increase over 2010. In the New Year, southeast Asian countries government successively says, will continue to adhere to the economic reform and development policies, to continue to improve the investment environment and to implement the investment promotion measures, and expand the investment field and industry, etc. So in the New Year, the southeast Asia will continue to become a global fund relative insurance investment.

In 2011, southeast Asia in emerging economies keep pace at the same time, are taking stable financial measures and slowing down economic growth, inflation has eased. In 2011, in addition to Vietnam CPI18.12 % rises considerably more than the scheduled control index outside, other major economies in control of inflation has good grades, including Indonesia last year's total inflation rate was 3.79%, lower than the 4.5% expected; The Philippines in 2000 as the base year calculation in 2011, the average inflation rate was 4.4%, 3% FeiYangHang completely in... 5% of the target in the expected. At the same time, the southeast Asia large-scale infrastructure construction, industrial operation health, export growth and other countries don't reduce income increasing public investment, promote the multiple, stock markets in the region is the woes of the several important factors.

In recent years, not only southeast Asian countries borrow financial situation of baseball hats the  opportunity to develop their improved infrastructure construction and key industry construction, and at the same time in strengthening cooperation and achieve 2015 asean community on schedule on the road, highlight regional infrastructure construction. Such as Indonesia's national economic mid-term development planning, 2011... 2014 years of construction total investment will reach 4 quadrillion shield, engineering investment for 3.348 quadrillion shield, including infrastructure engineering investment reached 1.551 quadrillion shield; Thailand new government plans to port, rail system and highway network three major infrastructure construction to change logistics infrastructure "short board" phenomenon; Long-term foreign closed Burma will allow foreign investment in Burma agriculture; Asean nations agree to put into a staggering $60 billion for construction to transportation, science and technology information and human resources, etc, infrastructure, accelerate create "asean connection". In addition asean energy cooperation project, asean tourism cooperation projects that need a lot of capital construction. Can be expected, the southeast Asia large-scale infrastructure construction and industrial investment this window will be in the next three to five years to continue to shine.

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Be careful security room aggravate haves the gap

02/17/2012 10:40

 

Supportability project how should guarantee and improve the people's livelihood, promote social harmony and stability to the people's livelihood of engineering. However, from all kinds of MiaoTouXing, exposed tendentious question look, security room construction, and the current operation level to pay special attention to the system design, prevent security room into the benefit of speculative tools, and even become aggravate the gap between rich and poor "accelerator '. In many governments promised security room construction 'larger, more investment, covering a wider "at the same time, security room construction in the distribution to a mess of its degree. According to media disclosure, shenzhen appear nearly 300 security room illegal applicant, fujian longyan civil servants' group buying 'security room, Beijing ZhongTieJian dozen security room since house banner make distribution.

The world is a for profit, world is bustling for profit into. Security room source of capital, in addition to the real charitable donations outside, the rest essentially come from financial investment. Social capital in security room construction, all the government tax cuts, preferential policy for the premise, its essence is nothing but will financial investment from today delayed until tomorrow.

Large-scale affordable implementation reside New Era Hats engineering, essence is through the strengthening the government's public service, on the whole social income a redistribution. When an unprecedented 10 million sets of supportability project live, all around the country vigorously spread out, don't know how many double unprecedented eyes, staring at the security room the giant 'cake ".

At present, build security room, lack most is money and land. One is the shortage of capital and land index is limited, on the other hand is massive security room indexes of high pressure, but under, some places or public or allowed some units using land for building security room, and some even legal laws and regulations are kicked open no matter, allow small property right as guarantee room.

Many people had not sent money to play the main role of scholars from renmin national team, as the guarantee room 'bleeding sweating', however, let a person great disappointment, but some scholars from renmin under guarantee room the banner eke out her house. Incredibly, according to media research, Beijing should have about 60% of the state-owned enterprises have built from security scholars from renmin housing projects, and almost all of the scholars from renmin state-owned enterprises have in recent years collect money build house or the welfare house built unit.

Scholars from renmin of state-owned enterprises pay levels, originally let the general public deficits, now, scholars from renmin soe employees and a tun, using their original land of possession, the early bird catches the worm to live in or impair the new security room or pronouncement, enjoy the associated property income, I'm afraid not only let the heart born jealous.

Building security room not easy, distribution security room more difficult. The end of 2010, according to figures released on the study in the 32 cities, there are 18 to 2132 homes in the city don't meet the requirements for the distribution of the family.

According to relevant regulations, security Cheap sunglasses room need to the distribution sectors layers of audit, however, the results of the review, why is often not satisfactory? Functional departments poor regulation, it is one of the reasons the audit failure, however, will all the responsibility to push on cadres at the grassroots level, I'm afraid some say not the past.

Jiangxi JiuJiangShi housingadministration bureau deputy director WuHaiLin accept the looked out on "in an interview with newsweek, although the five way procedures, jiujiang four word list three level, fair show, from the program is very tight on, but there are still 'fish in troubled waters'. WuHaiLin said, now, a husband and wife at home there are don't know each other income, and what's more, neighbor? Therefore, income also can appear the families' team and mingling with the 'distribution is not impossible.

Ought to say, WuHaiLin words, have quite reasonable. The first work out security object of standard, and then let the relevant departments to identify the method of guarantee object, the actual operation difficulty really big. To this, estimates that each have the actual work experience, will sympathetically.

A truly effective supervision, can only based on respect objective economic law on the foundation of the system design. Really effective supervision, can only carry out there in the rule of law under the premise, since the supervision of mass.

Security room not be equivalent to the quality, environment of the inferior pronoun, but its' security 'characteristic, should decide the area of "little". Would the "little" relative "strong" of the corresponding corresponding guarantee (price corresponding cheap), relative to the 'big' corresponding corresponding "security" weak (price corresponding expensive), no legitimate reason not to live, once found to encroach on the dole to punish. And in or rent or buy security room at the same time, should according to regulations has its own private price or sell or lease to government as guarantee room USES, such as submits deceitful reports, once discovered, all be confiscated.

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Shenzhen secondhand the room trade freezing point

02/16/2012 10:27

 

Shenzhen secondhand the room into freezing point, a sharp slowdown in trading volume, price appear loose.

According to the shenzhen program land committee web site data, and in July, the our city housing cycle for 6544 sets, clinch a deal a total area of 662674 square meters, 21, compared with 10833 in June, set a total area of 10707080 m2, annulus comparing decreased by 39.6% and 38.1%.

With the new rules as a border tax secondhand room, shenzhen between sultry second-hand housing market. July 11, the day before 6, shenzhen clinch a deal to a total of 5150 housing and the average of 468.2, the total area of 494972.72 square meters to clinch a deal, including residential clinch a deal for a total of 4439 sets, a total area of 417851.47 square meters clinch a deal. The day after 15, secondhand the room to clinch a deal amount to only 1394 sets, a total area of 167701.43 square meters and the MLB hats average of just 92.9 sets and 11180 square meters, compared with the average daily in June 492.4 sets and 48671.8 square meters, compared to 81.1% and was expanded by 77%. Since July 11, according to tax official nanjing-shanghai motorway so far, the city's housing even the worst of the volume is 2008 years.

Shenzhen tax new measures will a secondhand ancient legend became a reality. June 9,, the shenzhen bureau of second-hand housing according to all announced 'nanjing-shanghai motorway taxation', New Deal on July 11 officially implemented. Tax content including shenzhen secondhand room, will originally lower assessment in accordance with market price valuation price, trading at present mainly related to business tax and housing additional, individual income tax and business tax, taxes, the standard of tax for common housing respectively 1%, 1.5% of common housing, the auction room 3%, eliminate the property market generally exists in the low prices do secondhand the room trades' contract 'status Yin and Yang, secondhand the room transaction costs thus increasing about two to three times. Shenzhen secondhand the room of a new tax essence is, improve the secondhand the room of the actual transaction tax, equivalent to in disguised form was a collection of house property tax. This also is not the end, and as long as the real estate market prices rise, the collection of tax corresponding rise, this is the equivalent of capital gains tax, its effect is not in Shanghai, chongqing under the house property tax.

The biggest blow to investors, secondhand the NFL hats room tax new measures will to the whole China. According to the shenzhen bureau of three long ZhouZhiJun said tax everywhere, the national land tax system this year began to introduce stock room transactions at the taxation of nanjing-shanghai motorway cities, including Beijing, hangzhou, liaoning dandong, Shanghai pudong guangdong zhongshan. And the 21 st century economic report of investigation shows, in addition to the shenzhen, shenyang, hefei, etc, also plans to implement according to recent nanjing-shanghai motorway taxation work.

No tax? Very useful. As long as the government participation into the interest distribution chain, with the way the tax revenue restrain investors in low, real estate investment will become unprofitable. After Shanghai to the tax function is not immediately obvious, the key is that tax is very gentle, using the principle of ' 'let bygones be bygones. The author support real estate tax reform, as for government tax increases how to use, can we called on the public financial system reform, but not on financial transparency for reason, opposition to the tax reform, let investors in the real estate market occupy 'control'.

New housing can let drop volume, but can not driving down prices. As long as three factors do not remove, you will not be able to lower house prices: first of all, the Chinese market is too plenty of cash, and focused in a few hands, they received no interest rates of the factors such as distress, can have property; Second, China does not exist large-scale hold tax, in holding links are not levy, make hold almost no cost; Third, in inflation, as long as no other investment products can substitute the real estate, real estate prices will not be flagging.

In the final analysis, house prices is the gap between rich and poor, monetary policy, tax policy comprehensive effect of, in China, don't touch have class interests will want to lower prices, is very difficult.

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The listed company should not indulge in the financial game

02/15/2012 10:32

 

A-share market, whenever the listed company share price fall in the low or appear, industrial capital inflow 'JiuJia' once formed A and A scenery. And in this year, industrial capital have change as' financial capital ", but also attracted market "eyeball".

Recent on listed companies' financial capital 'news can emerge in endlessly, if after the announcement of single listed companies not enough to cause investors pay attention to words, so with the related announcement number of more and more, and the steady accumulation of quantity by qualitative change' already to market "had to the extent of the attention.

The listed company change as' financial capital "is mainly shown in two aspects. One is through the bank issuing entrust loan. Statistics show that in the first half of this year, total have 52 listed company issued a 112 'entrust loan ", the amount involved more than 16 billion yuan, an increase of nearly 38%. The second is the purchase of financial products. Since this year to New Era Hats early September, more than 70 companies released investment financial product announcements, involves the amount more than $20 billion.

Since this year, in the CPI continue to rise, inflation pressure under the background of high, raising rates, raise deposit reserve rate filed out of monetary policy, monetary tightening by, the influence of bank lending to the difficulty of the growing, the enterprise through the other ways to fund a vital means, and some of the listed company as idle fund to find a way out, a pot to 'fill', a pot to 'for', 'entrust loan' market more and more big reason just that. Also, some existence idle fund companies would be an eye on financial products.

Listed companies' long history 'use' circle money 'behavior has drawn widespread market Gou stains,' not circle circle ", "not white circle also white group", no conditions to create conditions of the stock market ' 'circle habit, not only cause question, it is to become maudlin. But, some companies listed on large sums of money it will circle, not do its main business, not for shareholders to create the greatest benefit, but played the financial game, such a listed company also worth investors trust and investment?

Without a doubt, the listed company indulged in the financial game, its negative impact should not be ignored. First, the original intention against financing. Because the difference of money to issue new shares or refinancing, the listed company should will embrace of capital investment to relevant project, in order to raise performance reward investors. Listed companies big play the game behavior finance, obvious contrary to the principle of good faith. In fact, while many listed companies is their own funds on the claims, but those through refinancing and play the game after the financial and how explanation? In fact but is left hand down the right hand only.

Secondly, put ourselves in risk situation. The NFL hats

Its not busy busy sideline occupations, the sideline as its main business do, is the current of the listed company of a large ecology. But financial game could not make the listed company and to realize the dream of, it is impossible to improve its market competitiveness and resistance to the ability of the risk, only do its main business, is the way of existence of the listed company, which is the best way to reward investors.

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More cold winter of real estate in the back

02/14/2012 10:19

 

Began at the end of 2009's this real estate regulation, with administrative means strong intervention market demand, and with the monetary policy tightening of credit, both for small and medium-sized enterprises and import and export enterprise, a conventional rigid demand, the improvement of the real demand, with the very serious damage. The government is also carried damage in the market economic operation of bad reputation. Can say, the control, the policy execution cost an extremely high, far more than the various regulation.

So, it is this, this real estate regulation must muster, stick to it, until returning to 'reasonable' house prices. As for "reasonable prices", the author thought that should not be more than concrete city house value income of more than 10 times, but now the general situation is more than 20 times as even 30 times.

And to further consolidate control results, we first need to clarify the current real estate situation. Obviously, the whole year the real estate market turnover in rapidly shrinking, especially in the second half of the year, a lot of real estate enterprise capital New Era Hats chain raise an alarm, individual buildings appear a lot of decline, but now after all is just a few cities in house prices is loose.

That is, in the most strict regulation policy history under, developers can still hard shoulder, and those large real estate business financial statements more shows, they complete the early this year for sales target difficulty is not great, like China vanke, evergrande, poly, such as the real estate big brother, sales in the first half performance is still a rapid growth (China vanke with 64.42 billion yuan in the top sales performance and increase of 81% last year, the breakthrough of the 'mark' little suspense billions. Evergrande followed by sales of 42.9 billion yuan, half a year, close to its 50 billion sales last year. At the same time, evergrande sales area 6 million square meters, sales in the breakthrough of the top.) And the local government to the land of the financial dependence on did not significantly improved, although all over this year's 11-year old king, but annual the land transfer income is still not small Numbers.

Clearly understand this reality, we will be prepared in advance, even if GDP growth of 8% to reach the bottom line, control policies are not necessarily to loose. Recently, the state council allow Shanghai, zhejiang, guangdong, deep in the pilot to send local debts, indicated NFL hats whether economic environment and difficult, and do not start comprehensive stimulus policies. And more likely to convert to gradually directional loose on the way, save for the real economy advantageous parts, not save speculators liquidity squeeze.

Not only that, for maximum reduce the estate control policies on the national economy of friendly fire, it is necessary to start the reform of the financial system, to make the new article 36 as soon as possible on rules and increase investment in foreign trade enterprise support and, at the same time, 1025 'planning according to ", further to increase the adjustment of economic structure, and gradually economy out of excessive dependence on the real estate market.

That way, real estate regulation can muster, and do not have trouble back at home. For developers, the future of the two or three years the real estate market continues to control the big picture up of deep, hurriedly seek bureau for the winter, already is particularly urgent.

And, of course, from a long-term perspective, real estate regulation is not let house prices will fall so simple. The real estate market linked to dozens of industry and the banking system in mud, where the entity economy to the marginal today, it relates directly to the adjustment of economic structure and the competitiveness of the industry upgrade, it is to make sure the only way of economic growth mode innovation.

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