equipment
chinese machinary      chinese equipment      
Main page | News | Guestbook | Contact us
Русская версия

Products:
Mini-factories
Transport
Equipment
Instruments
Food products
Building materials
Leisure and garden inventory
Medicine and public health
Gas and gas equipment
Oil equipment
Chinese Silk
Underwear, T-shirts
Fashion
Various production line by Customers order
Silver coins
Safety
ABOUT US

Contact us
Tel: +86 13945101993
Email: mega@asia-business.biz

News from China
Cooling prices see desire to buy homes
23rd June 2015

 CHINESE residents are happier about consumer prices in the second quarter and more willing to buy houses in the next three months even as the economy stays sluggish, a central bank survey said yesterday.

An index measuring satisfaction over consumer goods prices rose 0.7 percentage points from the first quarter to 28.4 percent, the People’s Bank of China said in a survey covering 20,000 bank customers in the second quarter.

The survey found 14.7 percent of respondents are prepared to buy a house in the next three months, up 0.9 percentage points from the last quarter.

The results were released as official data showed inflation in May was the slowest in four months at 1.2 percent, while the rise in home prices in more cities indicated a recovery in the real estate market.

Meanwhile, the survey found that an overall bullish stock market since the middle of last year has boosted residents’ interest in investment especially shares.

A total of 42.3 percent of respondents said they will increase their investment, up 7.3 percentage points from the first quarter.

Fund and wealth management products remained the most popular investment option, the survey found.

Separately in the PBOC’s quarterly surveys, an index measuring bankers’ confidence in the economy fell 4.1 percent from last quarter to 43.4 percent, and 59.5 percent of bankers saw the economy as “relatively cool,” up 4.9 percentage points from the last quarter.

A confidence index for business owners shed 0.9 percentage points from the last quarter to 58.3 percent in the second quarter.

Source: Shanghai Daily, June 23, 2015
Cooling prices see desire to buy homes
22nd June 2015

 CHINESE residents are happier about consumer prices in the second quarter and more willing to buy houses in the next three months even as the economy stays sluggish, a central bank survey said yesterday.

An index measuring satisfaction over consumer goods prices rose 0.7 percentage points from the first quarter to 28.4 percent, the People’s Bank of China said in a survey covering 20,000 bank customers in the second quarter.

The survey found 14.7 percent of respondents are prepared to buy a house in the next three months, up 0.9 percentage points from the last quarter.

The results were released as official data showed inflation in May was the slowest in four months at 1.2 percent, while the rise in home prices in more cities indicated a recovery in the real estate market.

Meanwhile, the survey found that an overall bullish stock market since the middle of last year has boosted residents’ interest in investment especially shares.

A total of 42.3 percent of respondents said they will increase their investment, up 7.3 percentage points from the first quarter.

Fund and wealth management products remained the most popular investment option, the survey found.

Separately in the PBOC’s quarterly surveys, an index measuring bankers’ confidence in the economy fell 4.1 percent from last quarter to 43.4 percent, and 59.5 percent of bankers saw the economy as “relatively cool,” up 4.9 percentage points from the last quarter.

A confidence index for business owners shed 0.9 percentage points from the last quarter to 58.3 percent in the second quarter.

Source: Shanghai Daily, June 22, 2015
Japan to see yuan bond for 1st time
19th June 2015

 JAPAN’S biggest banking group Mitsubishi UFJ Financial Group Inc plans to sell yuan bond for the first time in Japan, starting from next Wednesday, the group told Shanghai Daily yesterday.

Bank of Tokyo-Mitsubishi UFJ, the main lending unit of the group, will manage a private offering of a two-year yuan-denominated bond worth about 350 million yuan (US$56.3 million), said spokesman Kazunobu Takahara.

The yuan bond will be sold at an annual yield of 3.64 percent, similar to the rates in major offshore markets such as Hong Kong, the bank said.

The private sale will be limited to institutional investors including life insurance companies and local banks.

“We hope to help nurture a yuan market in Japan with the issuance,” Takahara said.

The offering comes after tension eased between China and Japan after Chinese President Xi Jinping met with Japanese Prime Minister Shinzo Abe last month, and China’s Minister of Finance Lou Jiwei called for an “actively promoting practical cooperation with Japan in yuan bond issue” in a bilateral finance minister summit on May 6.

The issue is also linked to China’s efforts to internationalize the yuan since 2009, Takahara noted, adding that China is poised to free up capital-account dealings and to abolish a requirement to get pre-approval before exchanging yuan for other currencies.

“China wants to see issuers raising yuan debt not just locally, but in diverse locations to promote globalization,” Bloomberg News cited Mana Nakazora, chief credit analyst in Tokyo at BNP Paribas SA, as saying.

The yuan took a 2.1 percent share of worldwide payments in April, up from just 0.3 percent three years earlier, said SWIFT, a global telecommunications network for banks. Offshore issuances of yuan bonds surged 50 percent to 460 billion yuan in 2014, SWIFT added.

Source: Shanghai Daily, June 19, 2015
EU relaunches common tax rules
18th June 2015

 THE European Commission yesterday relaunched plans to introduce common tax rules for multinationals, saying that public anger over tax avoidance and a new approach should win over EU member states that blocked the idea four years ago.

The commission, the European Union’s executive, said it wanted a common consolidated corporate tax base (CCCTB) to prevent “aggressive” tax planning measures such as artificially shifting profits to the country where rates are lowest.

“What we are doing is part of a trend,” Economic Affairs Commissioner Pierre Moscovici told a news conference.

“During the crisis our citizens have had to contribute a lot. What they don’t want to see is that corporations, because they have sophisticated legal advice, can juggle between administrations.”

Corporate taxes have remained in the headlines because of the way multinationals can legally reduce their bills by basing themselves in low-tax centers. The EU is already investigating the tax arrangements of Apple, Starbucks and Amazon in some member states.

Moscovici said countries were working on the basis of tax rules drawn up in the 1930s and more recent ad-hoc decisions by individual member states, but said a common approach was needed.

A previous attempt to bring in CCCTB drew opposition from member states who saw it as a first step toward harmonizing tax rates, regarded as a sovereign issue.

Moscovici said that was not the plan, nor was it the commission’s intention to lay down a minimum corporate tax rate.

Under CCCTB, companies would use just one EU system to compute their taxable income rather than dealing with the rules in 28 different member states, saving businesses about 700 million euros (US$790 million) per year.

It would be designed to eliminate mismatches between national systems, which companies can currently exploit.

Source: Shanghai Daily, June 18, 2015

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136