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February 2011

Monthly Archive

learn mandarin – China’s 2010 tax revenue up 22%

Posted by courlearnoncn @ 10:53 PM, Monday Feb 28th, 2011

China’s tax revenues rose 22.6 percent to 7.74 trillion yuan ($1.17 trillion) in 2010 compared to one year earlier, the State Administration of Taxation announced on Sunday.

This total included 732.8 billion yuan of tax refunds, but excluded tariffs, tonnage taxes, farmland occupation taxes and deed taxes.

Value-added taxes reported a 14.8 percent increase, as well as increases of 27.5 percent for consumption taxes, 23.8 percent for sales taxes, and 20.4 percent for income taxes.

Also, imported tariffs rose 35.9 percent year-on-year to 1.05 trillion yuan.

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learn Chinese online – ChiNext raises 117b yuan for 153 companies by 2010

Posted by courlearnoncn @ 10:52 PM, Sunday Feb 27th, 2011

Companies listed on China’s Nasdaq-style ChiNext board have raised 116.75 billion yuan ($17.61 billion) since the board’s creation in October 2009, Shang Fulin, chairman of the China Securities Regulatory Commission, said Saturday.

By the end of 2010, 153 companies have been listed on the ChiNext board, with combined market capitalization of 736.5 billion yuan.

Moreover, 17.79 million investors have opened ChiNext trading accounts, Shang said at the 15th China Capital Market Forum held in Beijing.

“ChiNext, China’s main market for start-ups, has been very supportive of the development of high-growth enterprises and companies in the strategically important emerging industries, since its creation a year ago,” Shang said.

The board had 139 high-tech companies by the end of 2010, which accounted for more than 90 percent of its total listed enterprises.

During the first three quarters of 2010, ChiNext-listed companies reported a 26.93 percent year-on-year rise in profits on average, and their business revenue jumped 36.49 percent, Shang said.

China will strengthen supervision of the ChiNext board and crack down on all types of irregularities to protect investors’ interests, Shang added.

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learn Chinese online – China produces more gold in 2010

Posted by courlearnoncn @ 10:50 PM, Saturday Feb 26th, 2011

China’s gold output in the first 11 months of last year reached 308.39 tons, up 25.885 tons or 9.16 percent year-on-year, according to the latest figures from the Ministry of Industry and Information Technology (MIIT).

The MIIT forecasts total gold output in China would exceed 340 tons in 2010, comparing with 313.98 tons of gold produced in 2009.

China’s gold output has maintained annual increases in recent years as production in 2010 would likely double that in 2000.

China is a major gold consumer around the world. A World Gold Council report released last March showed China’s cumulative gold demand totaled more than $14 billion in 2009, which accounted for about 11 percent of the world’s total.

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