20 Questions on Investing in China 1. What are the basic laws and regulations encouraging overseas investors to invest in China?
In order to create a congenial investment environment and to encourage overseas firms to invest in China, China has gradually set up a relatively complete legal system. In 1979 the National People's Congress issued The Law of the People's Republic of China on Chinese-Foreign Equity Joint Ventures. In the following 20-odd years, the Chinese government has promulgated and issued a series of laws and statutes concerning the establishment, operation, termination and liquidation of foreign-invested enterprises. The main laws and regulations include the three basic laws - The Law of the People's Republic of China on Chinese-Foreign Contractual Joint Ventures, and The Law of the People's Republic of China on Wholly Foreig
A critique of this common article can be found here.
A Short History of Neoliberalism By Susan George Conference on Economic Sovereignty in a Globalising World March 24-26, 1999 The Conference organisers have asked me for a brief history of neo-liberalism which they title "Twenty Years of Elite Economics". I'm sorry to tell you that in order to make any sense, I have to start even further back, some 50 years ago, just after the end of World War II.
In 1945 or 1950, if you had seriously proposed any of the ideas and policies in today's standard neo-liberal toolkit, you would have been laughed off the stage or sent off to the insane asylum. At least in the Western countries, at that time, everyone was a Keynesian, a social democrat or a social-Christian democrat or some shade of Marxist. The idea that the market should be allowed to make major social and political decisions; the idea that the State should voluntarily reduce its role in the economy, or that corporations should be given total freedom, that trade unions should be curbed and citizens given much less rather than more social protection--such ideas were utterly foreign to the spirit of the time. Even if someone actually agreed with these ideas, he
Again, this is from a relatively liberal source. Our summary article begins with such positions but naturally aims to go beyond them.
SAND IN THE WHEELS Contents <http://attac.org> 1- Lessons from Argentina's debacle Here the IMF made its fatal mistake: It encouraged a contractionary fiscal policy, the same mistake it had made in East Asia. Fiscal austerity was supposed to restore confidence. But the numbers in the IMF programme were fiction; any economist would have predicted that contractionary policies would incite slow-down, and that budget targets would not be met. Needless to say, the IMF programme did not fulfil its commitments.
2- Argentine : the IMF strikes again Argentina's current debacle provides one more lesson regarding the perils of the economic policies pushed on governments around the globe by the International Monetary Fund (IMF).Why does the IMF continue to promote failed policies? Going beyond denunciation, this article proposes alternative strategies.
[ Home | 9/11 Webpage] 6). Afghanistan, Turkmenistan Oil and Gas, and the Projected Pipeline(10/21/01) FLASH: Developing US-Russian Tensions over Central Asian Oil Eric Margolis argues in the Los Angeles Times on 11/28/01 that "The Russians have regained influence over Afghanistan, avenged their defeat by the U.S. in the 1980s war and neatly checkmated the Bush administration, which, for all its high-tech military power, understands little about Afghanistan.
The U.S. ouster of the Taliban regime also means Pakistan has lost its former influence over Afghanistan and is now cut off from Central Asia's resources. So long as the alliance holds power, the U.S. is equally denied access to the much-coveted Caspian Basin. Russia has regained control of the best potential pipeline routes. The new Silk Road is destined to become a Russian energy superhighway.
January 2002 Contents Farewell liberty Kashmir: partition's bitter legacy * A 'disputed' territory * Jammu and Kashmir dateline * Ordinary villagers * The US and the Taliban: a done deal * American Caesar * Al-Qaida, the sect Israel's dominion of death * Recognise Palestine now * South Lebanon: free but fearful * There is an alternative Latin America recolonised * What country, friend, is this? *
French version: Crise totale en Argentine would you like to read more?subscribe now
Argentina and the Fund:From Triumph to Tragedy by Michael Mussa, Senior FellowInstitute for International EconomicsMarch 25, 2002 Table of Contents I. Introduction II. What Went Wrong in Argentina III. Down the Road to Catastrophe IV. Looking Forward for Argentina V. Lessons for the Fund Note: The author would like to thank his colleagues at the Institute for International Economics, especially C. Fred Bergsten, Morris Goldstein, Bill Cline, and Ted Truman, as well as several former colleagues at the International Monetary Fund, for their useful comments on earlier drafts of this paper. The views expressed are his own and do not necessarily reflect those of the Institute for International Economics or of the IMF where he served as a member of the staff from September 1991 through September 2001.
Business Alert - China Content provided by: Special Issue (July 2000)
China's Foreign Investment Policies that Contravene WTO Agreements The General Agreement on Tariffs and Trade (GATT), the precursor of the WTO, reached three agreements relating to the establishment of a global investment mechanism during the Uruguay Round, which ended in 1994. These are the Agreement on Trade-Related Investment Measures (TRIMs), Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs), and General Agreement on Trade in Services (GATS). The inclusion of investment measures in multilateral trade talks was a major breakthrough of the Uruguay Round as well as an achievement by GATT in establishing a global investment protection mechanism. This is the basis of the effects of WTO accession on China's policies on foreign investment.
House of representative report detailing how the "russian mafia" or rather corrupt remnants of the Stalinist Regime effectively stole most IMF money going into Russia and transported to Western banks.
CHAPTER 4 THE FUNDAMENTAL FLAWS OF THE CLINTON ADMINISTRATION'S RUSSIA POLICY THE TROIKA: Since 1993, U.S.-Russia policy has been administered by Vice President Al Gore (speaking on the telephone with Russian President Boris Yeltsin, July 24, 1998 from Moscow), Treasury Secretary Lawrence Summers (lower left), and Deputy Secretary of State Strobe Talbott (lower right). President Clinton placed Gore in charge of U.S.-Russia policy in early 1993. Summers, who carried the Russian aid portfolio in the Treasury Department from the beginning of the administration, is a long-time proponent of government-to-government lending programs. Talbott was Ambassador-at-Large and Special Adviser to the Secretary of State for the New Independent States before President Clinton nominated him to become Deputy Secretary of State
Tax Schedules Value－added tax Value－added tax is levied according to three categories: The formula for computing the value－added tax is as follows: Individual taxpayers Grade Note: The monthly taxable amount of income listed in the table refers the balance of foreign personnel’s monthly income less 4,000 yuan, and the balance of Chinese residents’ monthly income less 800 yuan and 100 yuan, the latter is stipulated as the fixed amount of various subsidies.
Units and individuals getting income from the transfer of state－owned land use rights, buildings and their attached facilities shall be taxpayers of the land appreciation tax.
(Effective Date:1989.10.01--Ineffective Date:)
a) Advantages of FDI&Beginning of FDI in PRC The key advantages of FDI are that it brings in knowledge of new production and processes, managerial and marketing expertise, and entrepreneurial skills. Developing countries liberalized their foreign investment regimes and seek FDI not just to obtain funds and foreign exchange to make up for resource gaps. More important, attracting FDI is a dynamic and efficient way to secure much-needed industrial technology and networks to stimulate domestic industries, as well as to improve national growth, employment, productivity, and export performance.
Three Requirements 1) The investing firm must have an ownership advantage over competitor in the host country. The ownership advantage can arise from a product or process monopoly, a unique or superior technology, better knowledge of the market, or better marketing technique. 2) The host country must possess locational advantages to attract investments. That could be a large actual or potential domestic market (particularly if market access is restricted by existing or impending protective barriers), a strategic regional location, or a cost effective export production base with abundant low-cost labor, or environmental standards. 3) There must also be an internal advantage that induces the investing firm to choose direct investment over other arrangement (production l
The late 20th Century will go down in World history as a period of global impoverishment marked by the collapse of productive systems in the developing World, the demise of national institutions and the disintegration of health and educational programmes.
This "globalisation of poverty" --which has largely reversed the achievements of post-War decolonisation--, was initiated in the Third World coinciding with the onslaught of the debt crisis. Since the 1990s, it has extended its grip to all major regions of the World including North America, Western Europe, the countries of the former Soviet block and the Newly Industrialised Countries (NICs) of South East Asia and the Far East.
In the 1990s, local level famines have erupted in Sub-Saharan Africa, South Asia and parts of Latin America; health clinics and schools have been closed down, hundreds of millions of children have been denied the right to primary education. In the Third World, Eastern Europe and the Balkans there has been a resurgence of infectious diseases including tuberculosis, malaria and cholera.
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Steel constructed nightmares sailing the oceans of the world. Death ships, the birth child of the "new global economy". Oil spills, running around, sinking of rust buckets, crews forced to work at low wages that is when they are paid at all, long hours, death and injury at sea, and sometimes abandoned without food or water, are we talking about the modern world here? Yes we are! The nightmare is called "Flag Of Convenience " (FOC) ships. A growing form of greed upon the oceans that few people outside of the maritime industry know little about.
Mexican Plants Flee to China, Endangering $77 Billion IndustryBy Thomas Black
MONEY LAUNDERING ENFORCEMENT: FOLLOWING THE MONEY By Lester M. Joseph, Assistant Chief, Asset Forfeiture and Money Laundering Section, U.S. Department of Justice
But just as often, he says, enforcement of U.S. law is frustrated by complexities of foreign jurisdictions and venues, as well as by outright lack of cooperation by foreign governments.
To promote cooperation, the United States shares the proceeds of successful forfeiture actions with countries that made possible or substantially facilitated the forfeiture of assets from money laundering, Joseph says.
Ever since the famous book about the Watergate scandal, All the President's Men, was written, it has become a mantra that, in order to solve a crime, one must "follow the money." This mantra has been adopted by law enforcement in the United States. Since the 1970s, we in the U.S. government have emphasized a three-pronged approach to fighting crime: prosecute the underlying crime, follow the money trail through money laundering investigations, and forfeit the proceeds and instrumentalities of the crime. Only by following the money can the full scope of a crime be discovered and a criminal organization be destroyed.
NEGOTIATING UNRULY PROBLEMATICS. Gearóid Ó Tuathail, Susan Roberts and Andrew Herod. Unruly; Not amenable to rule or discipline; ungovernable; turbulent; disorderly. Oxford English Dictionary. We live in unruly times and, increasingly, in unruly places and spaces. Throughout the globe at the end of the twentieth century, a series of unruly and contradictory problematics are working themselves out across states, nations, economies, environments, and bodies. From the emergence of integrated global financial systems, the globalization of production, the rise of planetary networks (Castells 1996), and the de-traditionalization of identity (Heelas, Lash and Morris 1996), to the collapse of "actually existing socialism," the end of the Cold War, and the creation of new transnational institutions, longstanding structural forces and processes are colliding and converging to produce a fin de millénaire world that is relentlessly compressed and restlessly dynamic, while also spec
The Sunday's Petroleumworld Opinion Forum:viewpoints on issues in energy & international politics.
The Venezuelan Armed Forces and the "Chavista revolution" By Anibal RomeroIAEAL- USB PETROLEUMWORLD Caracas, Dec 29 The turbulent, protracted Venezuelan crisis, which in fundamental ways continues to intensify, could perhaps be better understood if we view it asthe result of the unwillingness of a rentier society and its petro-state tounder take the reforms that might reverse a long, painful process of decay.
Politics: College Try: Jacob L. Vigdor on why universities should stop encouraging applicants to take the SATs over and over again Promise Keeper? Tova Wang on why Trent Lott's new position will allow him to make good on his pledges to African Americans -- if he meant what he said. Executive Privilege: Robert Kuttner on the prep-school president's ironic stance on affirmative action. The Rove Machine Rolls On: Robert Reich explains why Bush's consigliere is so adept at getting his way. Citizen Bane: The Arabs of East Jerusalem are only quasi-citizens. Has Israel alienated them at its ow
Argentina is "a mafia state," riddled by systemic corruption, where high-level impunity is the rule.
Related Gully Coverage Argentina ExplodesHungry, angry Argentinians force President de la Rúa's resignation.
Anthrax, Anti-Semitism and Anguish In ArgentinaHow Argentinians reacted to the global "war on terrorism."
Bush Friend ArrestedArgentina: Menem charged with illegal arms trafficking. Argentina Dirty Money, Big Banksand the Mafia State by Ana Simo FEBRUARY 27, 2001. It has all the ingredients of a best-selling thriller. A fearless, crusading legislator, execution-style murders at a luxury beach resort, billions in dirty money, a nosy U.S. Senate subcommittee, a country's tottering economy, drug cartels, arms dealers, bribes, and even a golf partner of former President George Bush. It's Argentina's widening money-laundering scandal, now entering its last and most convoluted chapter.
CAMPAIGN NEWS The United Nations' Earth Charter is coming to a community and school near you. Visit the Get US out! Earth Charter webpage for more information about the spread of this new age religion in America. Then, urge your church leaders and any others who might be interested to visit this webpage and get others involved.
Rubin In UN Finance Panel -- A Case Of Fox Guarding The Henhouse? By Lucy Komisar
Date: 12-20-00 Criminals -- drug dealers or dictators -- with embarrassing amounts of cash on hand, or corporations trying to avoid taxation, often use false fronts in poor countries to "launder" the funds. Major U.S. banks are heavily involved in this unsavory business, so banker Robert Rubin may face some interesting questions from the other members of a UN panel intended to help debtor nations. Lucy Komisar is a freelance journalist who, sponsored by PNS, spent three months in Russia on a U.S. National Research Council grant to investigate the impact of offshore bank and corporate secrecy.