China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (5806)	4/4/2006 1:39:26 PM
From: RealMuLan	Read Replies (1) of 6370

PTR, SNP, and CEO have to start to pay extra tax to the Chinese gov starting from March 26 (estimated at 30 billion Yuan, not sure how much revenue they are having now). This is long overdue. Otherwise, half of their revenue all went into Foreign investors' pocket, especially the big investors like Warren Buffett. And the Chinese gov. only ends up paying the bill and taking the risk for those big state monopolies but not getting any dividend Here is the related Chinese news news.hexun.com

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