"The Ministry of Finance (MOF) announced on Monday that starting from June 1, import duties on consumer goods will be reduced by an average of 50 percent. The duty on cosmetics will be reduced to 2 percent from the current 5 percent.
During a press conference jointly held by the MOF, the Ministry of Commerce and the General Administration of Customs on Friday, authorities said more duty-free shops with a richer variety of foreign products will be opened in China. According to a Fortune Character Institute report on the Chinese luxury industry in 2014, Chinese people consumed 46 percent of the world's luxury goods, a value of $106 billion."
--Luxury brands cut prices to revive China sales
Xinhua (May 29, 2015 at 8:52 AM)
JADA WILL JUMP BACK SOON!
China created a new billionaire every week in the first quarter of this year --UBS & PriceWaterhouseCoopers.
WEALTH CREATION IN CHINA IS MOVING AT AN INCREDIBLE PACE!
JADA WILL GROW & EXPAAAND!
SHANGHAI (Reuters) - China has passed a regulation ensuring government organizations and private companies have Communist Party units so that party policy can be implemented across society, the People's Daily, the official party mouthpiece, said on Saturday.
The regulation was passed on Friday at a meeting of the Politburo, one of the Communist Party's elite ruling bodies, with President Xi Jinping in attendance.
It was unclear if the regulation, the latest in Xi's campaign aimed at strengthening party discipline, extended to foreign organizations operating in China.
Party discipline is Communist Party jargon for efforts to fight corruption. A campaign against graft has formed the centerpiece of Xi's administration and the leadership has vowed to target both high- and low-level offenders. " ( 5-30-2015 ) THIS IS NOTHING NEW, BUT OVERSIGHT IS ALWAYS GOOD NEWS.
IF YOU DON'T FEEL COMFORTABLE OWNING SOMETHING FOR TEN YEARS, THEN DON'T OWN IT FOR TEN MINUTES!!!!!!!!!
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes. --Buffett
UNREALIZED GAINS ARE NEVER LOSSES!
WE ARE LONG VALUE INVESTORS & THIS IS A LONG VALUE STOCK.
LONGS HOLD (TROUGH TO CREST) FOR INTRINSIC VALUES TO COMPOUND HUUUGE MULTIPLES!
Novices who choose to be mere 'TRADERS' ( instead of company owning shareholder Long Value investors ) using price chasing Momentum, Scalping, Flipping, Shorting, PAWNING or anything else for guaranteed losses, that's their fault & no one else's. Those that use "MPT' -- "Modern Portfolio Theory" for charting statistical analysis are in the wrong stock, so GET USED TO IT. 2008-2018 Recovery Of Markets COMPOUNDS GAINS!
GO JADA BABY YEEEAAAH!!!
Google 'Nordhavn Burns' & 'Nordhavn Sinks' to understand why Nordhavn is Taiwanese #$%$.
A very best quality Dutch metal steel or aluminum 100' yacht (Feadship, et al.) takes 250,000 hours.
Taiwan's plastic Nordhavn takes only 25,000 hours to build, & it shows. Many sinking & fires!
XINHUA (May 21, 2015 at 10:14 PM)
"Shengjing, a Chinese investment advisor and manager, has launched the country's first investment fund dedicated to helping overseas-listed Chinese firms to delist and list instead on domestic stock markets, the official China Securities Journal reported on Thursday.
The 2 billion yuan ($322.50 million) fund of funds (FoF) aims to bring home Chinese companies which currently have so-called variable interest entity (VIE) structures, and are partially held by US dollar funds, the newspaper said.
VIE structures have been widely used by Chinese technology companies, in particularly internet giants like Alibaba , Baidu and Tencent.
Because foreign ownership in China's internet sector is blocked, and Chinese internet startups have difficulty meeting profitability requirements to list onshore, the VIE structure was developed to satisfy the ownership requirements of overseas security regulators without technically breaking Chinese law.
The FoF will invest in about 10 funds with that purpose, which could eventually see at least 10 billion yuan of funds at work to bring over 100 overseas listed companies home, the article said.
China's start-up board ChiNext and the country's leading over-the-counter marketplace, the New Third Board, has attracted huge investor interest, with valuation of companies listed there soaring.
But trading in many overseas-listed Chinese companies is generally lukewarm, partly due to some offshore investors' distrust of such entities."