As financial derivatives have exploded like bombs, one after another, capital injections by the U.S. and European governments are becoming gradually ineffective. These rescue measures will fail to reverse the banking crisis, and even worse, may plunge the global economy from deflation into a...

The reason for extending the Value Added Tax (VAT) to the services sector in China is not sufficiently powerful. Just looking at the services sector, substituting the sales tax with a VAT gives rise to many difficulties in terms of system design and implementation, and the possible problems may...

Currently the labour income ratio in China is normal relative to its economic development; the income differential between industries requires solutions from the continuing establishment of a market economic system and the reduction of monopolistic practices. The important income redistribution...