mind my asking what are they?

the thread poster

China cuts stamp tax to revive stock market By Dong Zhixin (chinadaily.com.cn) Updated: 2008-04-23 19:23 China slashed the trading cost for stock investors on Wednesday in the latest attempt to rebuild confidence in its flagging equity market. The stamp tax on stock trading was cut to 0.1 percent from the current 0.3 percent starting from Thursday, the China Central Television (CCTV) reported, citing the Ministry of Finance and the State Administration of Taxation. The new measure came after the country's stock market has fallen nearly 50 percent from its peak since mid-October in the face of a mixture of factors, including the over-valuation of shares, tight monetary policies, and concerns over the economy and corporate earnings due to a global economic slowdown. Coupled with the declines was plummeting investor confidence, as evidenced by the lackluster sales of once red-hot investment funds. That prompted more and more financial experts to join the chorus for regulators to act. At an executive meeting of the State Council chaired by Premier Wen Jiabao on Tuesday, decision makers decided to push forward the healthy development of the country's capital market, according to the CCTV. The reduction in trading cost followed new trading rules announced during the weekend that ordered the selling of big amount of shares to be conducted on a bloc trading system. Intended to relieve the selling-pressure on the market, the rules, however, failed to put much faith into jittery investors who turned to profit-taking after an immediate rebound. The benchmark Shanghai Composite Index (SCI) tumbled more than four percent on Tuesday to fall below 3,000 points, the lowest level in 13 months, before rallying to positive territory. The gauge jumped 4.15 percent on Wednesday. The tax move came 11 months after the trading cost was tripled to 0.3 percent to take the steam out of a spectacular bull run that saw the SCI more than quadrupled in less than two years.

i can't even understand a whole sentence~555555~

oh, you are kidding me? it's unbelievable, because your English is excellent... essays in Chinadaily are the most easy one to read among Internet magazines.

in fact,i don't think my english is excellent~i seldom read such kinds of items that concerning economy,maybe the professional words in these articles are strange for me.but as a matter of shamefulness,my specialism is international economy and trade~

i always read newspapers about economy or business in www.timesonline.co.uk or the website i recommended in the thread "website recommendation "

thank you so much to recommend it to me~!maybe for me is too difficult to understand them,but it's also necessary for me to do the job well,because i need to earn a dinner by my own~

how r u? Rachel and Teco?

er~i'm sorry that i still don't understand what you mean by these two words?i'm fine,thank you!what about you?

Rachel, i recommend u a movie" mad detective " directed by Du Qifeng, leading role acted by Liu Qingyun, terrific movie. like a sharp knife cut into your heart, Liu can see everybody's inner ghost-- the image of personality.

Oh, so it is. I knew a little about it, and watched sorts of scenes. But it terrified me a bit..

this topic contains so many people's life trail,it's a pity to release it down~

the oil price is soaring up, reaching USD122 per barrel it drive me crazy, my stock subjected to it would slump again and again.

be careful for your investment,every minute it may involve you into quite a great risk~

this afternoon i took a leave and went to see the Torch Relay, really splendid...packed with people. but it's a shame to see the street fulled with rubbish... so called patriotism becomes a burden for the cleaners.

Hello Anson! Im very appreciated that U still remember me though I disappeared for a long time. You have made a great advance in English,especially in Economy field. Well ,I have applied for quiting the job.Now Im hunting another job which concerns to development. Hoping U can make a good money in stock market! Talk later~~ PS:It seems we get a new friend here!Hey Nomiki ,glad to see U ! [ 本帖最后由 bullshitguy 于 2008-5-7 23:12 编辑 ]

nice to talk with you here!hope didn't bother you.long time no see,have you been busy in your job these days?

long time no see, Teco. haha, Nomiki is a nice name dubbed by u. i appreciate your compliment, but actually, i am not making much progress in economic and English. Just a illusion and just because i had got involved in the god-damned stock market. Really bad situation now, the future price of crude oil hit record high to 123.77. And i am also hunting for another job, good luck to both of us. actually, i am not put much energy in hunting a new job, i am waitfing for the right time to join my friend's business, it is a new industry, i am not sure whether i can fit for it, but just have a try!

some pictures about the torch relay in sz