China State Administration of Taxation: income of re-renting houses should be taxed

This annoucement just released on Nov. 26 and I don’t find any English version of the news until now. So I just attach the Chinese version and summerize some information as below: http://finance.ifeng.com/money/wealth/consume/20091126/1511732.shtml The Administration paid attention to a gradually frequent phenomenon in the renting market that many renters re-rent their apartments to the third [...]

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China stepped into the real estate bubble?

From the discussion held in the class and the article: http://www.ft.com/cms/s/0/a3c20b6a-ca74-11de-a3a3-00144feabdc0.html?ftcamp=rss&nclick_check=1 I have major concern that : Real estate has become the critical problem of China economy. The entity economy has not modernized yet, while the whole economy has got involved in the asset bubble. The rocket-rising housing price and the decreasing tax from the [...]

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Does People’s Bank of China really hint an appreciation of RMB?

Let’s continue the topic of the exchange rate of RMB. Soon after the class of last Thursday, I checked some major Chinese news website and other media about the message of the central bank’s hinting to appreciate RMB. Like what FT guessed, some of the news also pointed out the central bank of China was [...]

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Analysis on China’s current strategies of exploring energies

with articles referred to FT, November 4, 2009 “Burning ambitions: China’s great oil grab– Beijing takes on the west in a 21st century race for resources” http://www.ft.com/cms/s/0/a3a9b840-c8ca-11de-8f9d-00144feabdc0,dwp_uuid=f6e7043e-6d68-11da-a4df-0000779e2340.html Background: With a sustainably fast growth of economy, China is expected to desire more energy, including oil, than any other countries in the decade. As an energy that [...]

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Renminbi at heart of world trade imbalances

This is the title of an article in the latest Financial Times, which reflects the very hot topic of recent discussion about the revaluation of RMB and this is also supposed to be a major issue covered in our class. You may click the link to read the original article: http://www.ft.com/cms/s/0/66dc0964-c7d9-11de-8ba8-00144feab49a.html  However, the discussion seems [...]

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