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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: dusty who wrote (4322)	7/23/1999 6:39:00 AM
From: jmhollen	Read Replies (1) \| Respond to of 7209

Measures to be taken to strengthen economy CHINA is planning a number of measures to buoy economic growth in the second half of 1999, Finance Minister Xiang Huaicheng said yesterday. A special treasury bond issue is expected to be launched, as happened last September. The government is also considering raising incomes of the poorest urban residents to drive up consumption. Retirees from State-owned enterprises and workers laid off from SOEs can expect higher pension or living allowances. Salaries of civil servants and employees working for State-sponsored institutions are also likely to be raised, he said. Xiang made the remarks while speaking to reporters on the sidelines of a national conference on public finance management, scheduled from Wednesday to today. Xiang said his ministry would propose an expanded government deficit for 1999, which was set at 150.3 billion yuan (US$18 billion) by the National People's Congress (NPC) at its annual session held in March. The Standing Committee of the NPC would have the last say on the adjustment of the budget, he said. Xiang said proceeds from the special treasury bond issue would be used to finance infrastructure construction as well as technology upgrading of key industries and equipment localization of some key projects. High-tech industries, environment protection projects and improvement of facilities of research and education would also benefit from the issue, he said. But he did not specify the volume of the proposed issue. Under the original budget, 341.5 billion yuan (US$41 billion) worth of treasury bonds was planned to be floated in 1999. The volume of the special issue last September was 100 billion yuan (US$12 billion). The money from the issue was focused on an infrastructure building scheme. Earlier this month, the Ministry of Finance announced it would raise tax refund rates for exports including textiles, garments and coal. The increased government spending on industries, people's incomes and the raised tax rebate rates means the government intends to use fiscal policy to fuel all three major engines for economic growth _ investment, consumption and exports _ Xiang said. "This reflects the central government's determination and courage in dealing with the problems in the economic sector," he said. China's fiscal revenues totalled 529.4 billion yuan (US$63.8 billion) in the first half of 1999, representing a 24.3 per cent increase over the same period of last year. Xiang attributed the rapid growth mainly to some unusual reasons _ the State's crackdown on smuggling, which led to a big growth in custom tariffs, and increased tax income in the petrochemical industry caused by the rebound of oil prices. Date: 07/23/99 Author: Xu Binglan Copyright© by China Daily

To: dusty who wrote (4322)	7/23/1999 8:47:00 AM
From: cliff emohs	Read Replies (2) \| Respond to of 7209

Well, well dusty swings by to drop a line. Interesting! Glad to see your smiling alias. So what stock are you talking about here? ",...china hates us today.Gary might be in BC but it is trading on the US exchange.Best of luck to anyone who buys this one.I am sure it is a good stock but I like my money where it's at,...." Is it LGOV?

To: dusty who wrote (4322)	7/23/1999 10:00:00 AM
From: jan_mike	Read Replies (1) \| Respond to of 7209

Well, there's China and China and China. There are a few old men with a golden goose who may wish the USA with it's democracy and capitalism would drop in the ocean. It's bad pr for running a monopoly. Then, there's an idealistic, educated core of young intellectuals who see the US as a model for what China could emulate. They may or may not like us, being loud and savage and hairy and God only knows what else. But, they like what we've done and where we are positioned and our standard of living and our freedom. Now we get to the only people who really matter. The capitalist at heart entrepernurial types who will eventually become the tax paying sprawling masses of the middle class. Some will really make it, and become the new ruling class. These people were dynamite successful merchants and traders when the Europeans were trying on their first road kill costumes. They and paragraph one may try to leverage an occasional misplaced bomb into fast entry into world trade organizations, but they could care less about the loss of a couple of spies. The good old boys in paragraph one wasted what, 25 times that many kids for holding up signs about peace, love, freedom, MTV and whatever else. Anyway, for the aspiring reclaimants to the throne of worlds best trade balance, the US is the only game in town. You want to do real business on the globe, you come through us. We are the currency, the language, the consumers, the market, the bank, the trade organizations, the peace keepers. And MTV. Anybody who doubts this, please compare our GNP to #2, they equal something like Minnesota last time I checked. Slight exaggeration, but the point stands. China can hate us all the way back to the stone age, but if they ever want to join the modern world, they need to make an appointment at 1600 PA ave., USA. They could start with a couple of replacement pandas. The other ones kinda wore out. Mike