News Roundup: VAT Rebate Come Back, Stemming Mass Incidents, and Building a Physics Powerhouse

Wednesday, August 6, 2008 2:32
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With so much going on in China, and only a limited amount of bandwidth, I have created this weekly post to highlight articles that I feel are (1) important, (2) relevant, and (3) interesting.

This week there are 3 articles that I have chosen to highlight as each are quite interesting, they are all relevant, and there are issues within each that I think you the reader should be aware of.

If you have an article that you feel needs to be mentioned, please do so in the comments section.

China’s Export Tax Rebate Hike a Sign of Policy Loosening
2 years ago, we saw China’s first real macro effort to rein in exports.  VAT rebates were reduced across the board, and this was followed up with a larger round of cuts last year at about this time.  Since then,there has been a lot of discussion about the impact of those cuts and the role on industry, and where i think this article is important is that it highlights that after of monitoring the situation, they are not making adjustments to the system that are not only measured, but are surgical in nature.

CCP Launches Personnel Reform to Stem “Mass Incidents
One of the issues that many point to in China when it comes to balance is the number of “mass incidents”. Catalyzed by a variety of issues, this article essentially looks at the behind the scenes of what measures the current leadership is taking to resolve these issues.

China becomes physics powerhouse:
this article is interesting as it speaks to the fact that while China may not be a R&D powerhouse yet, it has the potential to.  It is a view that I have shared for a long time, and I think this article presents a fair argument for the fact that China’s science community is beginning to assert itself at a much higher level, and Western companies/ governments/ academic institutions should pay attention to this.

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