On the same day, 2010 Zhejiang China old shop and Zhejiang – Australian superior commodity sales exhibition is held in Macao, 110 Zhejiang enterprises are bringing over 4000 variety Chinese old shop high-quality goods and Zhejiang superior commodity arrive at the large-scale exhibition hall which the Macao Venetian hotel sets up as an attachment to participate.
Xinhua News Agency Reporter Zhang Jia Wei absorbs
(This article originates: New China net) 
The Pakistani Populace recently held the counter-Indian demonstration.
Chinanews on January 23 in the South Asian region, the cricket was extremely popular sports, but worsened along with Indian and Pakistani relations, the Indian super cricket league tournament (IPL) newest player bid the meeting, the Pakistani players is all resisted the wrong side of the door. The event evolves the political turmoil, has the Pakistani political leader to regard it is national humiliation, accuses the Indian government to plan resisting in the behind motion, some congressmen threatened interrupt between both countries all athletic exchanges.
According to Hong Kong “Wenhui Daily” on 23rd, to greet will soon unveil the new season, IPL holds the player to bid the meeting on Tuesday, will let the complete 8 balls choose to admire the player group armed forces. However, participates to bid the meeting 11 Pakistani player total to fail to be elected this year, led Pakistan to capture national sports team leader Afulidi, whole world world series including last year to throw player Vyell and versatile player Lazake successfully.
Indian cricket administrative personnels said that the Pakistani players are resisted, the reason is the ball can take on the fortune-telling by the parts of Chinese characters Pakistan relations between the two countries to be intense, the Pakistani players will not attain the Indian government to issue the visa next year.
The Pakistani Populace burn the stuffed dummy to protest
Pakistani Minister of Internal Affairs Malek said: We cannot tolerate the Pakistani cricket to be insulted, we request the Indian parties concerned to apologize.A Congress delegation cancels the visiting India traveling schedule on Wednesday, as well as banned completely Bollywood movie screens in Pakistan.
The Pakistani Populace also in abundance took to the streets to demonstrate the day before yesterday, have the demonstrator to burn down IPL President Mordey the stuffed dummy to release the indignation. Failing in a competitive examination Afulidi also described that motion of India is insult they.
Indian Ministry of Foreign Affairs denied that the visa question is a reason, stressed that the ball will choose the player politics, the government has not intervened IPL. IPL President Mordey said that criticizes the Indian league tournament biased is unfair, from players in Dutch, Canadian and Australia also similarly fails to be elected. He said: Various balls meet among the impresario not the agreement not to bid the Pakistani player, does not have anybody to make the instruction to them, they will only choose the condition best player.
India urges Pakistan to look up Bombay to fear to raid
When Indian minister of foreign affairs accepts the media visit also denied that involves any resisting, but warned that Pakistan must investigate thoroughly in November, 2008 Bombay to fear to raid the document, those involved Yu of Fa rope, otherwise India will not talk with Pakistan. The Indian government has accused Pakistani members to start Bombay to fear to raid, from now on between both countries the majority of sports will stop.
(This article originates: China News)
New China net Athens, January 22 – (by Liang Yeqian) Greek speaker Filley PersiaZarr Nikesi on 22nd announced in Athens that Greek Parliament will elect the new president in early February voting. However he does not have the disclosure concrete election date.
When intermediary body predict that election may be able to hold in February 10, incumbent total series Papale Liyasi will attain to link, no matter what.
According to the Greek constitution law, total series by discussing will be thrown the ticket election, the tenure in office is 5 years, the total series election must tenure of office issues of Man Qianzhi the few 1 month hold. Papale Liyasi was sworn in as the total series in March 12, 2005, cast the ticket to because of this new total series election probably hold before February 12.
Papale Liyasi year is 81 years old, once was appointed outside Greece to be long now, in 2005 in supporting 300 discussed at the discussing meeting to take 279 ticket Gao Piaodang to elect as the total series. The Greek total series is a nominal national Yuan head, has not had the solid power.
(This article originates: New China net)
Adopted at the 6th Meeting of the Standing Committee of the
Seventh National People’s Congress on February 21, 1989 and
promulgated by Order No. 14 of the President of the People’s
Republic of China on February 21, 1989, amended in accordance with
the Decision on Amending the Law of the People’s Republic of China
on Import and Export Commodity Inspection adopted at the 27th
Meeting of the Standing Committee of the Ninth National People’s
Congress on April 28, 2002.
Contents
Chapter I General Provisions
Chapter II Inspection of Import Commodities
Chapter III Inspection of Export Commodities
Chapter IV Supervision
Chapter V Legal Responsibility
Chapter VI Supplementary Provisions
Full Text
(Adopted at the 19th Meeting of the Standing Committee of the
Sixth National People’s Congress and promulgated by Order No. 51 of
the President of the People’s Republic of China on January 22,
1987, amended in accordance with the Decision on Amending the
Customs Law of the People’s Republic of China adopted at the 16th
Meeting of the Standing Committee of the Ninth National People’s
Congress on July 8, 2000)
Contents
Chapter I General Provisions
Chapter II Inward and Outward Means of
Transport
Chapter III Inward and Outward Goods
Chapter IV Inward and Outward Articles
Chapter V Customs Duties
Chapter VI Customs Bond
Chapter VII Supervision over
Law-Enforcement
Chapter VIII Legal Responsibilities
Chapter IX Supplementary Provisions
Full Text
Adopted at the 24th Meeting of the Standing Committee of the
Sixth National People’s Congress on January 21, 1988; revised at
the 29th Meeting of the Standing Committee of the Ninth National
People’s Congress on August 29, 2002 and promulgated by Order No.74
of the President of the People’s Republic of China on August 29,
2002
Contents
Chapter I General Provisions
Chapter II Planning for Water Resources
Chapter III Water Resources Development and
Utilization
Chapter IV Protection of Water Resources, Water Areas and
Waterworks
Chapter V Allocation and Economical Use of Water
Resources
Chapter VI Resolution of Water Disputes and Supervision
over and Inspection of Law-enforcement
Chapter VII Legal Liabilities
Chapter VIII Supplementary Provisions
Full Text
Adopted at the 28th Meeting of the Standing Committee of the
Ninth National People’s Congress on June 29, 2002
Contents
Chapter I General Provisions
Chapter II Funding
Chapter III Support for Establishment of
Enterprises
Chapter IV Technological Innovation
Chapter V Market Development
Chapter VI Public Services
Chapter VII Supplementary Provisions
Full Text
Order of the President of the People’s Republic of China No.9 It
was adopted at the fifth meeting of the Standing Committee of the
Tenth National People’s Congress on October 28, 2003.
Contents
Chapter I General Provisions
Chapter II Fund Managers
Chapter III Fund Trustees
Chapter IV Raising of Fund
Chapter V Trading of Fund Shares
Chapter VI Subscription to and Redemption of Fund
Shares
Chapter VII Fund Operations and Information
Disclosure
Chapter VIII Alteration and Termination of the Fund
Contract and Liquidation of Fund Property
Chapter IX Rights of the Fund Share Holders and the
Exercise thereof
Chapter X Supervision and
Administration
Chapter XI Legal Liabilities
Chapter XII Supplementary Provisions
Full Text
Equities slide as govt applies brakes
Chinese stocks fell on expectations of government moves to limit lending and curb surging property prices. [China Daily]
China’s stocks fell the most in two weeks, led by banks and automakers, on concern government steps to curb lending growth and property speculation will slow expansion in the world’s third-largest economy.
SAIC Motor Co, the country’s biggest carmaker, plunged 4.4 percent on prospects auto sales will slow this year after the government withdrew some stimulus. Industrial and Commercial Bank of China Ltd (ICBC), the nation’s largest listed lender, and China CITIC Bank Corp dropped more than 2 percent as an increase in rates on three-month bills for the first time in 19 weeks signaled tighter liquidity.
“Growth will probably slow this year as tight credit will dampen the demand side,” said Zhang Ling, who helps oversee about $7.21 billion at ICBC Credit Suisse Asset Management Co in Beijing. “That will dash investors’ hope of another year of fast growth.”
The Shanghai Composite Index slid 61 points, or 1.9 percent, to 3,192.77 at the close, the biggest decline since Dec 22. The gauge has lost 2.6 percent in the first four days of trading this year, after rallying 80 percent in 2009. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, retreated 2 percent to 3,471.46.
ICBC lost 2.4 percent to 5.21 yuan ($76 cents). CITIC Bank slid 3.4 percent to 7.67 yuan. China Minsheng Banking Corp, the nation’s first privately owned bank, slipped 2.7 percent to 7.70 yuan.
The People’s Bank of China offered 60 billion yuan of bills at a yield of 1.3684 percent. Policymakers will seek “moderate” loan growth to support the economy while managing inflation expectations, the bank said yesterday in a report on its annual work meeting.
‘Tightening liquidity’
“It’s definitely a signal that the central bank is tightening liquidity,” said Jiang Chao, a fixed-income analyst in Shanghai at Guotai Junan Securities Co, the nation’s largest brokerage by revenue. “The rising yield is used to prevent excessive growth in bank lending.”
China may have about 7.5 trillion yuan of new bank lending this year, the China Securities Journal reported, citing an unidentified person. Banks extended a record 9.21 trillion yuan of new loans in the first 11 months of 2009.
SAIC slid 4.4 percent to 24.12 yuan. The stock jumped 388 percent last year as tax cuts helped sales surge. The automaker has forecast a rise of less than 15 percent in industry-wide sales this year, compared with a 42 percent gain in the first 11 months of last year, as the government increased taxes.
FAW Car Co, which makes passenger cars in China with Volkswagen AG, retreated 4.1 percent to 22.94 yuan, the biggest drop since Nov 27. Chongqing Changan Automobile Co, the Chinese partner of Ford Motor Co and Mazda Motor Corp, slid 4.9 percent to 13.50 yuan.
Slowing car sales
“I don’t think last year’s explosive growth will be sustained this year,” said Zhang at ICBC Credit Suisse Asset Management. “Car sales will slow down.”
The crackdown on property prices also poses risks for the economy after the government tightened tax and mortgage rules for second-home purchases.
China needs to sustain an “unprecedented” building boom in the first half of this year because export growth is limited and consumer spending is not yet sufficient to be the main driver in the economy, said Mark Williams, an economist at the Capital Economics Ltd in London.
Premier Wen Jiabao said on Dec 27 that last year’s doubling in new loans had caused property prices to rise “too quickly”.
Liu Mingkang, the top banking regulator, wrote in an opinion piece in Bloomberg News this week that “structural bubbles threaten to emerge” in the world’s fastest-growing economy.
Index futures get regulatory approval
The government on Friday gave the green light for stock index futures, margin trading and short selling in a milestone move that ends the one-way trade in the capital market.
An official with the China Securities Regulatory Commission (CSRC) said on Friday that the State Council has approved stock index futures, short selling and margin trading “in principle”. The regulator said it would take three months to complete preparations for index futures.
The new tools would protect investors against losses and also help them to profit from any declines. Until now, Chinese investors could only profit from gains in equities.
Analysts said the announcements are unlikely to cause any sharp volatility in the A-share market next week as the rumors have already been factored in.
“The market is unlikely to see huge fluctuations next week as the introduction of new financial tools has been discussed for years,” said Zhang Qi, an analyst with Haitong Securities.
Index futures are essentially agreements to buy or sell an index at a preset value on an agreed date. Investors can also borrow money to buy securities or borrow securities to sell under the business of margin trading and short selling.
Zhang said the move would be positive for blue-chips and heavyweight stocks as the contract would be initially based on China’s CSI 300 Index that tracks the 300 biggest shares traded in Shanghai and Shenzhen.
“Index futures are expected to bolster the market value of blue-chips,” he said.
Large listed securities firms such as CITIC Securities and Haitong Securities will also directly benefit from the new business and could see a surge in their revenues, Zhang said.
Analysts expect the new tools to improve liquidity by attracting more capital into the equity market as the government plans to cut back bank lending to 7.5 trillion yuan ($1.1 trillion) in 2010 from last year’s 9.21 trillion yuan.
China’s securities regulator has been considering the introduction of index futures since 2006 when Shanghai set up the China Financial Futures Exchange to prepare for the running of the new mechanism. The plan had been held up till now along with the proposals for margin trading and short selling.
In 2007, CSRC chairman Shang Fulin said that the infrastructure and regulations needed for index futures and margin trading are in place.
Institutional investors are expected to be the mainstay of the new business as the threshold is high for retail investors who are more vulnerable to potential risks, said analysts.
