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Old 07-03-2007, 11:25   #754 (permalink)
ablium
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Join Date: Mar 2006
Location: Republic of Earth
China's interest rate is considered average in the world.
http://www.reuters.com/article/bonds...GLOBAL20070306

China does not have capital gain tax from stock trade.
http://en.wikipedia.org/wiki/Capital_gains_tax


The rumor of imposing capital gain tax in China caused Shanghai stock market to drop nearly 9% in a single day last week, which triggered stock market in New York to drop about 4% a few hours later. But I think that it was a correction in Chinese stockmarket. Chinese stock market increased 125% last year after long time of depression. I personally lost more than 10% of my investment last week.
 
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