Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5743)	2/28/2006 8:35:25 PM
From: RealMuLan	Respond to of 6370

Here is some interesting statistics: According to the research of Sino-American Commerce, 62% of the product and services by the US business in China are for Chinese domestic market. The total value of these sale and services has reached $75 billion a year. These US companies in China also export large amount of goods and services to other parts of the world. These have replaced a lot of direct exports from the US to China or to other regions, but they have NOT been counted in nominal foreign trade data.

To: RealMuLan who wrote (5743)	3/1/2006 8:49:05 AM
From: hui zhou	Read Replies (1) \| Respond to of 6370

I only know US tax which is a pretty good system. It appears that most of the people is taking IRS seriously except those work under the table. China should learn from it.

To: RealMuLan who wrote (5743)	3/1/2006 2:26:02 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China extended pension plan to 55 million farmers last year www.chinaview.cn 2006-03-01 23:13:19 BEIJING, March 1 (Xinhuanet) -- Some 55 million Chinese farmers started paying into an old-age pension plan last year, the Ministry of Labor and Social Security (MLSS) said here Wednesday. "Our work will focus on opening the old-age pension system to the needy, including migrant workers and farmers who have lost their lands to development," said Tian Chengping, the minister of MLSS, at the 2nd National Conference on Old Age. By the end of 2005, China started collecting premiums for the pension plan from farmers in 1,870 counties around the country, and has so far accumulated a fund of more than 30 billion yuan (3.25 billion U.S. dollars). About 2.5 million farmers are now receiving pensions and they have drawn about three billion yuan (32.5 million U.S. dollars) from the pension fund. Some three million farmers who have lost their lands are also receiving benefits. Tian acknowledges that the present pension system is quite limited as 65 percent China's senior citizens live in the countryside, including 8.6 million seniors who live in poverty. The pension plan is an attempt to alleviate problems associated with an aging-population in China's rural areas, Tian said. According to a report released by the China National Committee on Aging last month, the aging population in China is growing by 3.02 million annually. By 2051, China's elderly population is expected to hit 437 million, when three out of 10 Chinese people will be over 60. Enditem news.xinhuanet.com