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#1 04-05-2018 06:17:28

Registered: 21-09-2016
Posts: 1312

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  ATHENS, April 8 (Xinhua) -- An agreement between Greece's privatization fund HRADF and China COSCO Shipping Corporation for the sale of the majority stake in Piraeus Port Authority (PPA) was signed on Friday in Athens.

  Under the deal, the Chinese investors will pay 280.5 million euros to HRADF for the initial acquisition of a 51 percent stake, while it will pay another 88 million euros within five years for the remaining 16 percent, provided it has implemented the agreed investments in the port.

  The agreement was signed by HRADF chief Stergios Pitsiorlas and COSCO Hong Kong CFO Feng Jinhua in the presence of Greek Prime Minister Alexis Tsipras, China COSCO Shipping Chairman Xu Lirong and Chinese Ambassador to Greece Zou Xiaoli at the office of Greek Prime Minister.

  Welcoming Xu at his office, Tsipras said the agreement signing will "cut the 'Silk Road' shorter."

  Addressing distinguished guests after the ceremony at the Zappeion Exhibition Center in Athens, Xu said China COSCO Shipping has always been committed to harmonious development in Greece and a win-win situation for all parties.

  In addition, China COSCO Shipping will not only operate a port that will connect Asia and Europe trade, but will also create jobs and help invigorate the Greek economy, he added.

  On the Greek part, Greek Deputy Prime Minister Yannis Dragassakis said these agreements are of strategic nature as they are not temporary, but can generate prospects for the next decades.

  Chinese Ambassador to Greece Zou Xiaoli added that the agreement marked a historic milestone for Sino-Greek friendship and relationships at multiple levels.

  Since 2009, China COSOCO Shipping's subsidiary Piraeus Container Terminal (PCT) has been operating Piers II and III at Piraeus port under a 35-year concession agreement, posting remarkable results, while PPA was running Pier I until today.

  China COSCO Shipping's vision to turn Piraeus into a leading international transit hub for products and services from Asia to Europe has already attracted other major multinationals to the port which are cooperating with PCT to distribute their products in the region.

BEIJING Women's Nike Air Max 90 Leather All White Retail , May 3 (Xinhua) -- As the biggest tax cut in U.S. history has a domino effect on the rest of the world, China may be about to become more aggressive in cutting its taxes to stay competitive.

China has been trying for years to reduce business costs. May 1 is the one year anniversary of VAT reform, which replaced all business taxes with value-added tax, the most significant tax overhaul for two decades.

Tangible goods have been subject to VAT for some time Discount Nike Air VaporMax Men's Black White , but the levy on services was imposed on the value of a firm's sales. Such a crude system resulted in a tax on tax. VAT avoids this, as it is applied to the value added at each link in the production chain.

Since last year, taxes on construction, property Women's Nike Air Max 2017 KPU Purple Black Retail , finance and consumer service sectors are on value-added, such as the difference between wholesale and final sales price for a retailer.

According to the State Administration of Taxation, VAT reform cut roughly 680 billion yuan (100 billion U.S. dollars) of tax for business, with some 98 percent of them feeling the difference.

The reform is an attempt to reduce the burden on service industries Men's Nike Air Max 2017 KPU Grey Navy For Sale , which have historically paid a disproportionate share.

In 2016, the number of newly-established businesses in the service sector increased by a brisk 25 percent, hiring 43.5 percent of the labor force, compared with 36 percent in 2012.

Auto maker Geely has benefited from the reform. Li Shufu Nike Air Max 2017 KPU Men's Varsity Red White For Sale , chairman of Zhejiang Geely Holding Group, said the new tax scheme eased corporate payment by nearly 493 million yuan in 2016. That gives the company more leverage to increase spending on research.

To fulfill its promise of around 350 billion yuan tax cuts in 2017, government announced new measures in April. From July 1, value-added tax will be simplified Clearance Men's Nike Air Max 2017 Black , small businesses will enjoy more income tax incentives, and pre-tax deductions for innovation-based tech companies will rise.

"We must cut non-tax charges along with cutting taxes to reduce the burden on enterprises and raise their competitiveness. The government is responsible for creating a sound environment to achieve these goals," Chinese Premier Li Keqiang said at a State Council meeting in April.

In late April, the U.S. government unveiled the biggest tax cut plan in U.S. history. It plans to reduce the number of income tax brackets and lower the tax on corporations from 35 percent to 15 percent.

While any change to U.S. taxes still needs to be approved by Congress Wholesale Men's Nike Air Max 2017 Black Gold , it could see a wave of companies move back to the United States from overseas.

Liu Xuezhi, an analyst with the Bank of Communications, said the U.S. tax overhaul is expected to reshuffle the global business environment. China needs more tax cuts to stay competitive.

Compared with the United States, China's tax policy is not aggressive enough Nike Air Max 90 Ultra 2.0 Flyknit Men's Black White , he added.

by Abdirrahman Hussein

MOGADISHU, Feb. 3 (Xinhua) -- The power struggles which have characterized the formation of a new cabinet in Somalia in the past month has entrenched deep political suspicions.

This has dragged the country into another political circus at the expense of development and restoration of peace.

Such has been the intrigues bedeviling the nomination process despite the international community's calling on the president, the prime minister and parliament to expedite the process of formation of an inclusive cabinet.

A joint statement by the United Nations and regional blocs like the Intergovernmental Authority on Development (IGAD) and European Union last week said further delays "would jeopardize the progress Somalia has made towards building peace and security, and critically Men's Nike Air Max 90 Ultra SE Wolf Grey Black Online , the . Cheap Team Canada Jerseys   Cheap Panthers Jerseys   Cheap Packers Jerseys   Cheap Lions Jerseys   Cheap Browns Jerseys   Cheap Jacksonville Jaguars Jerseys   Cheap Atlanta Falcons Jerseys   Wholesale Dallas Cowboys Jerseys   Wholesale Indianapolis Colts Jerseys   Wholesale Kansas City Chiefs Jerseys