F REIGN TRADE - 中国国际贸易促进委员会

QuotesHigh-end equipment mainly refersto aviation equipment, satellite andapplications, railway transportationequipment, marine engineering equipment,and intelligent manufacturingequipment.China to expand propertytax to more citiesThe State Council has decided toexpand property tax to more pilot citiesthis year, Shanghai Securities Newsreported on May 10.It is unknown which cities willbe pilot cities and what taxation planwill be adopted, Qin Hong, director ofthe Policy Study Center of Ministryof Housing and Urban-Rural Developmentof China, told Shanghai SecuritiesNews.Taxation for owning a property andtrading a property will both be considered,the Shanghai Securities Newsreported, citing Xie Xuren, Minister ofFinance.The Ministry of Finance, StateAdministration of Taxation and theMinistry of Housing and Urban-RuralDevelopment are evaluating the effectsof property taxation in the pilot citiesof Chongqing and Shanghai, accordingto the Shanghai Securities News.The “Shanghai model” may be appliedin new pilot cities, the newspaperreported, citing an unnamed analyst.“China can achieve this year’s development goals”China has the confidence, conditionsand capabilities to achievethis year’s development goals, PremierWen Jiabao said at a trilateralbusiness summit between China,Japan and the Republic of Korea,Xinhua reported.Wen noted that the Chineseeconomy is currently enjoyingsound development momentum,and people’s living standards andmarket confidence are continuing toimprove.China will accelerate the transitionof the country’s developmentmode, adjust the economic structure, strive to expand domestic demand,promote energy conservation and emissions reduction, develop the greeneconomy and realize sustainable development, the premier said.“China’s economy must advance on two legs”Today State-owned and private enterprises are playing coordinated, notcontradictory, roles in China’s economy. State-owned economies, many ofwhich are resource, capital, or technology intensive, should concentrate oncompeting in the global arena, and take the leading role in key industries.Private enterprises, which rely more on labor, should help create employmentand stimulate regional development, and join the international marketif possible, said Hu Angang, director of the Center for China Studies at TsinghuaUniversity.Competition, as well as coordination, of State-owned and non-Stateownedsectors is an indispensable prerequisite of China’s remarkable economicgrowth. This is how China was able to break the US’ monopoly inmanufacturing, he said.10%The Ministry of Industryand Information Technologyannounced on May 11 that thecountry’s gold output in the firstthree months of the year reached80.8 tonnes, up 10 percent year on year.2.1%Macao’s domestic loans to local private26.01bsector in March increased 2.1 percentmonth-on-month to 170.4billion patacas (21.3 billionU.S. dollars), accordingto figures released bythe Monetary Authorityof Macao on May 10.China’s foreign exchange regulatorsaid it has approved quotas worth a total of26.01 billion U.S. dollars for 141 qualifiedforeign institutional investors (QFII) as ofMay 8.3.15tA report released on May 10 showedthat China’s local governments sold333,900 hectares of land to be used forconstruction in 2011, with the total valueof the sales contracts reaching 3.15 trillionyuan (501 billion U.S. dollars).3