foreign [4]

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China to invest $1T in foreign reserves

| Findory News China

Yahoo News: AP - China is creating an investment company to make more profitable use of its $1 trillion in foreign currency reserves, the finance minister said Friday, in a move that could change the flow of billions of dollars in global markets.


China announces agency to invest its foreign currency reserves

| Findory News China

International Herald Tribune: China already has the world's largest foreign exchange holdings, and they are growing at a rapid pace.


Chinese tax change could raise bill for foreign firms by $5.5 billion

| Findory News China

International Herald Tribune: China plans to start taxing domestic and foreign businesses at the same level, 25 percent, next year, a change that would cost foreign investors $5.5 billion annually.



China Tax Plan Would Hurt Foreign Firms

| Findory News China

International Business Times: China's plan to unify tax rates for foreign and domestic companies should raise the total annual tax bill for foreign investors by about 43 billion yuan , the Chinese finance minister said Friday.


China forming fund to invest reserves (AP)

Fri, 09 Mar 2007 19:24:36 GMT | Yahoo! News

A bank worker sorts out stacks of Chinese yuan bills at a bank in Nanjing, in eastern China's Jiangsu province, Friday, Aug. 18, 2006. China's government is creating an investment company to make more effective use of its US$1 trillion in foreign reserves, the finance minister said Friday March 9, 2007. China's reserves have skyrocketed as the central bank was forced in recent years to drain billions of dollars a month from the economy by issuing bonds in order to reduce inflationary pressures amid a surge in revenues from exports. (AP Photo)AP - China will soon create one of the world's largest investment funds, with ramifications for global stock, bond and commodities markets and for how the U.S. finances its trade deficits.



China forming fund to invest reserves (AP)

Sat, 10 Mar 2007 23:08:43 GMT | Yahoo! News

A bank worker sorts out stacks of Chinese yuan bills at a bank in Nanjing, in eastern China's Jiangsu province, Friday, Aug. 18, 2006. China's government is creating an investment company to make more effective use of its US$1 trillion in foreign reserves, the finance minister said Friday March 9, 2007. China's reserves have skyrocketed as the central bank was forced in recent years to drain billions of dollars a month from the economy by issuing bonds in order to reduce inflationary pressures amid a surge in revenues from exports. (AP Photo)AP - China will soon create one of the world's largest investment funds, with ramifications for global stock, bond and commodities markets and for how the U.S. finances its trade deficits.



Hotels advised to provide Bibles

Tue, 13 Mar 2007 19:10:02 +0000 | China Economic Review Hotel News

The China Daily reports hotels in Beijing have been advised to provide Bibles for foreign visitors during next year's Olympic Games. Liu Bainian, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) who is also vice-president of the government-approved China Patriotic Catholic Association, said, 'The majority of foreign visitors expected [...]


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