air ticket.The State Council, the Chinese Cabinet, approved a feasibility study of the Beijing-Shanghai project in September after it was first proposed nearly a decade ago.If the main construction work is started before the end of this year, the railway is expected to be operational by 2010 MBT Shoes Australia.When the 1,318-km project is completed, it will take passengers only about five hours to travel between the two cities, compared with 10 hours now - with the peak speed reaching 350 kmh.
Chinanews, Shanghai MBT shoes clearance, October 25 – According to reliable sources, China has no plan of collecting inheritance tax now, neither has the central government thought about it.As China has no system of property registration, it is impossible to confirm the accurate amount of heritages. Besides, more and more countries in the world are thinking about cancelling such tax.The central government once studied the practicability of collecting inheritance tax, as it might be a good way to narrow social polarization. However, The time is not ripe for it at present clearance mbt shoes, as levying inheritance make things more complicated, said a researcher of the Institute of Finance and Trade Economics of the Chinese Academy of Social Sciences.
BEIJING, Oct. 24 - China's Renminbi (RMB) broke the 7.5 mark to reach a new central parity rate of 7.4938 yuan to one U.S. dollar on Wednesday, according to the Chinese Foreign Exchange Trading System.The yuan, climbing 72 basis points to one dollar from Tuesday, rose a total 3,149 basis points from 7.8087 yuan on the last trading day of 2006.Tan Yaling, an expert with the Bank Of China, said a weakening dollar and calls from the United States and the Europe that China should allow the currency to appreciate more quickly were short-term reasons contributing to the recent rise in value.Speculation ignited by rising expectations of a stronger yuan also led to the continuous appreciation of the Chinese currency, she said.The accumulative appreciation since July 21, 2005, when China abolished yuan's peg to the dollar, has exceeded Related articles:

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