Word: tao
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Dates: during 2000-2009
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...rules to allow limited sales of previously non-tradable equities held by big investors in listed firms. But it was the transaction-tax cut that got the market climbing again. "The tax drop is an important signal of the government's resolve to salvage the market," says Dong Tao, chief regional economist at Credit Suisse in Hong Kong. "The financial benefit investors are getting from the new policy is trivial, but the reassurance from the government...
...market is going to go down very quickly. "I will sell all my stocks this afternoon, even though I will still lose money." Like Fang, millions of Chinese small investors have put their life savings into the market that has risen 600% over the last two years. Dong Tao says: "Many Chinese investors used to think China's stock market is like an ATM machine. You type your password in and money comes out." Not anymore. The decline of China's stock market sped up this January, and it fell straight through the past three month...
...Still, despite the recent drop, analysts are optimistic. "The government does not want to see the worsening market start to bring about negative impact on China's economy and social stability," Dong Tao says. He believes the government wants to see the market rise steadily, but slowly, for the next few months. "Last May's tax increase unveiled the beginning of decline. Therefore the tax cut yesterday might as well be an indicator for the start of rise. If the market doesn't respond to the tax drop, more policies are bound to be issued," he says...
...many Chinese can't quite fathom the Mekong's importance to other countries. "This is our part of the river, so we should be able to do what we want with it," says Hu Tao, a geological engineer who has worked at Xiaowan for two years. "The other countries can do what they want with their sections of the river." In some ways, Hu's indifference is understandable. Roughly half the Mekong lies in China, but for most of that length its waters are too swift to support barge traffic or wide-scale fishing. (The Chinese name for the river...
...that these grants allow them to throw a great party and that prior to the grants, they underestimated just how much these non-alcoholic drinks and food could add to the event,” Assistant Dean Paul J. McLoughlin wrote in an e-mailed statement. Veteran DAPA Amy Tao ’07 explained that though DAPA will not fund the purchase of alcohol, its goal is not to impose a modern-day prohibition on the substance. “We’re not there to police at parties. Each individual brings something different to the table...