Operational details of the export tax rebate process

 Accidentally see a friend operational details of the export tax rebate induction process, I feel pretty good, a step down a very clear, learn about, share it
summarized:
with stub.)


verification form CERTIFICATE OF VERIFICATION Total triple, stub companies, banks and export tax rebate joint endorsement joint. Because of the constant changes in export policy, the current write-off single in practice the only export tax rebate also exert their effects.
blank verification form needs to be done before the declaration prepared:
1, triple verification forms of export units and unit code are required to complete , stamped or handwritten may
2, together with the associated seal between the export unit straddle cover
tenth the export verification rules
blank verification forms four long-term effect. The following electronic port
talk of unilateral action on the write-off
one, log e-Port
www.chinaport.gov.cn/ pub operator inserted IC card, enter the password
Figure 1,

Figure 1, the system registry if a problem, you can choose the , you can consult the electronic port
II, into the operating page
Figure 2


A, Change Password page in the left
B, commonly used is shown in the figure export proceeds, user group can not download or view attachments
Pisces A
2007-11-5 14:17


Three, , the verification form to apply to SAFE to apply for business
verification form before you enter the e-Port on the verification form to apply
Figure 3


into the exchange earnings, >
pop-up SAFE collect paper, application. Need to apply for the first time, with export contracts. SAFE export under the scale, write-off status and other factors verification form issued to enterprises, such as the release number of the verification form does not meet the number of enterprise applications, and the actual needs of enterprises, you can write off a single application submitted to the SAFE report to illustrate the practical needs of business-to-state verification form to apply for special approval

(b), the port for the record
Figure 5


Step 1 Enter the verification in the value of a single number
Step 2 Click on the No links
into Figure 7
Step 1, the Select)
Step 2, Step 3 Click OK
, pop-up dialog window, confirm that
Figure 8

pop-up After the operation is successful, the Department will receive the electronic information within half an hour.
Tip: verification form must be filed in the electronic port before use.
verification form companies to pay single customs declaration, the customs declarations will be out and tax write-off linked together, and cover the verification form the Customs Union seal of tax rebates and customs units returned. received from the customs declaration form and return the verification should be submitted in the electronic data port, for now Introduction to submit verification forms to the left of the page
operating companies pay a single
choose to write off a single 043 119 173 Figure 16 Example


Step 1 br> Step 2 Click on the Click the blue link to write off a single number
Figure 18
pop-up After the success of the general operation of electronic port, Customs will in half an hour to electronic information.
Tip: verification form must be filed in the electronic port before use. Enterprises pay a single
verification form declaration, the Customs Union will be a declaration of write-off and the tax rebate and tax write-off single Customs Union seal of cover, and return customs units. Received from the customs declaration form and return the verification should be submitted in the electronic data port, and now introduce to submit verification forms to the left of the page
operating companies pay a single
choose to write off a single 043 119 173 Figure 16 for the Cases


Step 1 4 shows the red circle declarations tax rebate for submission of export declarations (hence the yellow paper, so called yellow together)
this article to highlight the data submitted under the declaration sample



data declarations submitted < br> (I), the query submitted to the
Figure 2 from the front page to enter the export tax rebate subsystem operation, click on the left side of the verification forms to the corresponding declaration No. 043119173 (after nine): 537517822 example

Step 1, Circle 3
Step 3 Click the red circle 4 shows the > A at the Such as the right to submit
Step 1 click on the E-Port above the record, pay a single is taken from the Pisces A's, assuming occurrence of export, the goods have been processed to complete, September 12 timetable, then we will certainly be before the September 10 port of export proceeds in the electronic filing, your good record, you can take the relevant documents (declaration, power of attorney declaration, packing list, invoice, write-off single) to the freight forwarding, and forwarding the middle of a few days can make have the time to declaration. . . Within one week after the boat you can obtain a copy of the freight bill of lading (time forwarding to a formal bill of lading is to you to the middle of the general expenses incurred by settlement), pre-entry list; with bills of lading, you can pass on to customers, and relying on Pre-entry before you can open a single invoice of the export.
about a month or so, which is Oct. 15 about it, you can get the declaration, can rely on export volume and export declarations to do it pay a single tax a; the way wrote the process of it, in front of the icon is clear. 1: pay a single verification form: Click Export Proceeds - Business Exchange Single - Enter the verification form - to set the conditions - began to find - click verification form - check - pay a single click - click OK - make a single complete . 2: The tax rebate submitted: Click on the export tax rebate - Enter the declaration number, date of export - Click the conditions set - Click declaration number - check - click submit - Click OK - completed the sellers. Theory, the formal declaration before they can get to pay a single, in fact, we just got done pre-entry and declarations alone can ensure the same circumstances we can do is pay a single, in order to prevent the event, or wait until the declaration down doing, hehe.
9 月 12 日 -10 15 between, you can urge customers to transfer, T / T, then faster, the money credited into account, you can go to the bank settlement, settlement of At the same time the commission can be paid off, there is also the sea freight sea freight paid.
finished above, insert one in September we can do tax-free export declaration (the declaration period from 90 days from the date of export, reporting 1-10 hours per month, that is, the 1-10 October) declared in the export tax rebate system, that system not open today, said about how to operate it,

: Invoice Part 1: The respective period, according to the export of goods complete reporting month, a total of 6, the top four for the year, Wei after two months, pay attention to when the forward declaration of decreasing a filling (this month reported last month); 2: report number: the system automatically generates; 3: Export Invoice number: Invoice code that exported the last four + NO: Invoice serial number (format 0670 +12345678); 4: export: According to the actual date of export declaration forms completed, taking into account the declaration of the first tax declaration is also possible not down, you can pre-entry based on a single fill; 5: the nature of trade: According to the declaration to fill in; 6: Invoice Amount: Total export receipts in foreign currency into RMB exchange rate * current; 7: accounting document number: According to the certificate account No complete; declaration part 1: number: The system automatically; 2: declaration number: 18 customs declarations encoded 9 + item number three (in the format 123456789001) could not open system that can only be recorded as live in these, the declaration should have some part, but are good fill.
invoices and customs declarations are filled in part after the declaration of the data to do tax-free deal with.
1: print the tax returns reporting data processing clarity - print reporting data - tax-free return (input belongs on) - Print tax return schedule;
2: free data free of data generation Processing - Generate report data - tax return data - the input belongs on - the village committee or computer diskette;
3: Upload the data file will generate tax-free duty-free import tax data files integrated electronic reporting system and VAT reporting period.
your payment has been settlement, the case of declarations have been received, you can go to the SAFE to write off the (declaration, verification, bank memo, note in Table 2 Zhang). After verification, access to export a single verification system,

1: click on the verification form information - write off a single entry - submitted to the respective period of auto-generated - verification form - Nuclear Single sales amount - Click OK;
2: Data submitted - From the verification forms of information - belongs on the automatic generation - Select the period belongs to all - to determine transmission - print report data.
good information input verification form after the upload through the tax system.

can now do a tax return (filing deadline from 90 days from the date of export, reporting 1-10 hours per month, or 10 months 1-15) Pre-tax return, including reporting and formal declaration:
1: tax return data entry - the fourth column entry declaration number (format with the tax-free) input enter key, the system automatically into the relevant information, 8-phase column entry corresponding to the write-off single number, check the save.
2: Summary of input tax under the current VAT return entry;
3: Pre-report data processing - generating reporting data - pre-declared data (input respective period) - saved as a floppy disk or computer-generated data about into the system, upload rebate Department; waiting for tax refund audit is correct, print the feedback form in the five forms;
4: print tax returns reporting data processing data - print reporting data - tax reporting - the option of step, the print statements; three forms, tax summary, detailed tax returns, tax summary table;
5: Generate data file tax return data processing - the data generated report - the official declaration of the data - saved as a floppy disk or the computer will generated data into the system, upload rebate at the same time, upload certificate to print.

to now, the system's operation has been completed, the last only in the export tax rebate to the official declaration of the Internet reporting system, reporting record sheets to print out the feedback form +3 +5 Zhang Zhang rebate Return + Schedule + VAT export tax rebate + export invoice declarations submitted to tax office, so it's done, and remember to keep a record of these things.

From State Road to the High Speed ​​Rail A Change of a dream

 From State Road to the High Speed ​​Rail: A Change of a dream
Li Thunder < / p>
China is now everywhere in the construction of high-speed railway, expressway from the first to have a high iron, but the time interval of 20 years. State Road, the highest speed limit is 80 km / h, the maximum highway speed limit to 120 km / h, while the maximum speed limit of alleged high-speed rail can this year to 380 km / hour. Increase the speed of change not only our time and space, there is more unexpected changes.

321 State Road: China to go on the road to a big manufacturing country in the absence of high-speed
before the National Road is the lifeline of transportation, even now, also bear an important role in the transport of goods. 321 State Road, from Chengdu, after Neijiang, Luzhou, Guiyang, Guilin, Wuzhou, Zhaoqing and Guangzhou, across four provinces, a length of 2220 km. This is a very memorable way, because it is from the west towards the most economically developed provinces of Guangdong, China to become leading manufacturing power in the Pearl River Delta.
photo was taken earlier this month, several migrant workers walking in the muddy streets of Guiyang.
321 National Road is a road of migration of farmers in western China, Sichuan is China's largest provincial population (in the municipality of Chongqing is not set before), but also most of the provinces of peasant workers, and Guizhou is the poorest province in China, land is scarce many people lead to poverty; and State Road 321 is relatively close to endure Western, also is a very poor area, and even the west of Guangdong, is also poorer. Farmers in these areas to go out in the past 30 years, and continue to State Road 321 along the Pearl River Delta region to work. Now, where they work has become the most developed cities in the country.
we can look at last year, Guangdong's GDP reached 4.56 trillion, accounting for one-eighth of the country, if another 5-6 years on, the total is likely to catch up with the South Korean economy. Similarly, Guangdong is the largest number of migrants should be more than 3 million, most of them migrant workers, and Dongguan, Guangdong to attract is a place where most migrant workers, the highest year to reach nearly a million people. Therefore, global economies of scale in Dongguan myth, called the miracle in the history of urban development world: the head and the computer chassis production accounts for 40% of the world, CCL and drive of the world 30%, IBM, Compaq, HP, Bell and other computer Company regarded as an important component sourcing base in Dongguan. Chinese clothing for 1 / 5 from Dongguan, and more than 200 million annual sweater; it is the largest export base of Chinese furniture. Shenzhen's exports in 2010 is expected to more than 200 billion U.S. dollars, the size of India is the world's second most populous country's total exports in 2010.
the PRD's industrial miracle created a China miracle, 2011 will be another memorable year, because the added value of China's manufacturing industry will surpass the United States, China really become a global manufacturing power. And so China has become a big manufacturing country, it is those along State Road 321, 318 State Road (State Road, the longest in China, from Tibet, 30 degrees north latitude along the line of camphor to Shanghai), and other traditional route to the Pearl River and Yangtze River Delta migrant workers.
the past 30 years, growth in China's economic miracle, the U.S. In the 90's is the Chinese farmers. Chinese farmers in the past 30 years of continuous migration to the east coast for the development of China's manufacturing industry has endless cheap labor, very monotonous assembly line in a continuous 10 hours of women workers in Shenzhen, the number of entrepreneurial success to his own small factory dream of becoming a global industry leader. China's per capita GDP in 2010 will exceed 4000 U.S. dollars, has become a lower middle-income countries, we should be erected in the 321 national highway monument to commemorate those who have changed the fate of China's migrant workers.

High Speed ​​Rail to change the real estate situation: Let the second and third tier cities premium fly
It is reported that China's high-speed rail operations this year will exceed the total mileage of 13,000 km, from the Ministry of Railways in 2004 to develop high-speed railway in 2020 the total mileage of China's 16,000 km above the already near, the total mileage of China's high-speed rail will be more than the total mileage of the developed countries and high-speed rail, while the United States have not so far high-speed rail.

2011 年 1 11, a New Harmony in use for high-speed train left the Chongqing Railway Station, bound for Beijing. China also opened the same day and from the Chongqing and Shanghai, Chengdu and Beijing, Chengdu and Shanghai motor car.
China High Speed ​​Rail's maximum operating speed of creating a world first, the speed increases to shorten the distance of space. For example, after the Wuhan-Guangzhou high-speed railway, Changsha to Guangzhou only two hours, this way, China's most developed cities of Changsha and the distance suddenly diminishes, the original very low prices in Changsha, Wuhan-Guangzhou high-speed rail in the eve to start And Hunan Chenzhou was originally a place few tourists, but now only 1 hour from Guangzhou in the past, where a weekend vacation and leisure in Guangdong where tourists.
high-speed rail does re-set the Chinese territory, originally thought to remote places, all of a sudden narrowing of the distance from the perspective of the regional economy, it brings not only the industrial development opportunities, land prices are rising more direct investment opportunities and greatly enhance the local government financial resources. Therefore, the development of high-speed rail can not be simply understood as the improvement of transport, but the concept of life, investment opportunities, and GDP growth. However, when you sit in the empty high-speed train, like sitting on a train in Germany or France, without the noise and congestion, without the uncomfortable distributing a variety of flavors, and dream into the future. Style luxury high-speed rail stations, such as the airport, getting the train station in Europe to shame. Even the middle of the station, may also wish to villages in the palace erected a sudden, with the surrounding buildings in stark contrast.
the emergence of high-speed rail to realize the dream of many, makes traveling easy, so that business activities have become very fast. But not everyone can afford to enjoy the convenience brought by high-speed rail. Such as the Wuhan-Guangzhou high-speed rail throughout the first-class fare of 780 yuan, 490 yuan as a second-class fare; and train hard seat price of 140 yuan, 248 yuan hard before. Plane ticket from Wuhan to Guangzhou, the usual discount price of only 400 yuan on average, lower than the second car fare. You know, China is how many people have not taken the plane, at least 10 million people in it. Therefore, the high-speed rail if that becomes a

High Speed ​​Rail lag ahead of people's livelihood: When migrant workers make it easy for home
originally in the Five-Year Plan, the plan proposed investment of no less than 700 billion per year, of which 350 billion this year for high-speed rail, that is, high-speed rail will be ahead of the five-year construction plan easily. In fact, China ahead of the completion of the project far more than just high-speed railway, highway, airport and construction of many public facilities in most of the advance, which is perhaps China's investment-led model of economic decisions, in the pursuit of GDP growth, and less focus on people's livelihood and development of sustainability.
Statistics show that during the spring of 2010, the national railway average distance of 500 km / person, far higher than the 50 km road / people, but the railway only completed 8% of all the traffic, assume the bulk of traffic of, or highway. And how is the big picture of the road it? February 9 last year, according to the Chinese New Year. They wear thick cotton clothing, solid leggings ... ... most of the small car couple, or placing a child, Mercedes-Benz in the national highway, has become a special Spring Festival transportation line a scenic road. Coach save several hundred dollars of money, at Tuoerdainv, daytime, driving thousands of miles are a lot of people braved the cold. Reporter called 321 State Road to the Pearl River Delta region of prosperity and wealth transfer, but the feedback is so cold.

change in China is indeed a dream 30 years in general, we used to accommodating large agricultural country, but now it has become a big manufacturing country, the proportion of agriculture has been reduced to 10%. Migration of farmers achieved the dream of entrepreneurs, the city of the achievements of the real estate agent's dream, and convenient transportation and communication Gengrang benefit of all citizens. However, the bottom face of those, the most difficult people, we have achieved the dream of these entrepreneurs, developers, and so it should offer, what? Travel expenses to people who can not afford to go home can board the Harmony Express. As the railway department, can reduce the fare for high-speed rail cars filled with, whether it is possible to open or opened during the spring,
(This article has been in the sun.

Top 5 men spurting derailment pain (Reprinted Min of Marsh )

 Extramarital affairs like a malignant tumor eroding marriage and family today, many men and women suffer, but the lure of extra-marital passion are still so many men and women come to their senses or, worse, the betrayal of marital betrayal of love again and again. In fact, while the other was subjected to torture, an affair I would be experiencing the same variety and unexpected embarrassment. In their hearts many ordinary people are experiencing the pain of unexpected spurting! Here, Spicy Girl summarized under the man having an affair, will face five major embarrassment to the warning those who want to engage in extramarital affair and men are going through!
First: the spirit of much physical suffering
extramarital affairs, that is, by definition can not see the light of the underground conditions, is contrary to the ethics of being cast aside by the dirty behavior. Once into the extra-marital affairs are among the most men have a certain economic strength, the cause of a modicum of success in the blue chip stocks men. This man in 30 ------ age 40 years old, is the cause of human life the most glorious period of energy, can be considered the most attractive period. Therefore, multiple extramarital affairs of men in this period. An ordinary day looks very good man, a home is a good father, good husband, the unit is good leadership, good comrades of the man if his marital affair was exposed, his family and career can imagine how much will cause Trauma! Therefore, in order to keep this big secret, they are scheming, twisted mind to do in the cover up the crime. Lameizi analysis: a stable bed even if he also feared that their sleep is called the wrong name;
no matter where I was, whether they were in when the adults are always wary of Chagang summoned his wife. Can be described as: restless, like ants on a hot pan!
Also: a person's energy is limited, even a strong desire to have another one or two days so sluggish it. A man moves in between the two women to meet the demand of two women, his body can pay the normal men to contribute more than 1 times! There is definitely a situation exists, that is, when he had just returned home with the lingering after the primary three, summoned by his wife, had just three rounds with the primary three of his World War II, vapid try any need to meet the needs of what my wife! Because he had no reason and excuse for refusing the request of his wife! Which poor man too tired to vomit foam coma, vertigo, estimated the strength to walk the next day did not it!
Second: the cash-strapped strapped
man who had an affair with valuable worth, they tend to have their own But he, after all, is another woman's husband, so he's fixed-income family is absolutely transparent in the whole of the public. Month the wages he earns, how much income a month is well aware of his wife, which turned over the money is needed, So this man usually eachother in front of you, categorically, a critical moment can be quite stingy in it! Even buy a decent mini three can give a gift that is thoughtful, looking over the expenses it! Not to mention large, even a lover of money to buy a diamond ring teeth, maybe he will think about for a long time, dare to start with. Because the expenditure required to play too many lovers. For example, they need a romantic dinner, they need the hotel tenderness, they need the countryside outing. . . . . . These fees may seem small, but if you want regular, long-term consumption down so that it is no small number! ! Oh, good luck if this man can run into a rich woman of the Lord, then this expenditure will be reduced, because rich woman pay for him.
Third: To pay a heavy price for illegitimate children
extramarital lover was pregnant, it was a big surprise. The beating of small and large the family broke up! Can be described as earth-shattering too! If men do not engage in extra-marital affairs and properly handle the matter, I believe the rest of my life has been similar to his disability. How to deal with unexpected pregnancy thing lover? Two ways: either the flow of rhetoric lie to lovers do, and then to a small fortune in compensation; encountered bad luck tangled lover, then maybe he will have to bear the yoke of having children outside of marriage! Think of a man who has a normal family, all day long to deal with the two women, two children, he also between the two families need to work to earn money, even if he has superhuman powers will be too tired to spit blood! Body needs to go back and forth, it was a tired! Focus on the need to take care of a good lover and wife, need to take care of two children, the need for the lives of two family members to think twice before, both ways, I believe his spirit is the possibility of collapse at any time! Again, because of the extra-marital children, so he needs on the gold edge pay more, he needs to work very hard to make money, he may even turn to crime for money, the road will.
Fourth: experience Lover However, many men often do not understand the woman's mental activity. Many extra-marital affairs to play the third, just when you contact will categorically say gradually transition to the If you already anticipate the seriousness of the matter, would like to withdraw when the woman may be Buyiburao, to your unit to your home Havoc in Heaven, will bear you to go eat! Ranging from homes to avoid financial disaster, while in human life! But if you're lucky, you may meet a silly white girl to sleep with you, and then willingly with you 88!
Fifth: This matter was brought to light deserted
seems relatively common in this society, which most men will soon play an affair horrors encountered. This is a gender-equal society, once you find your betrayal of the other side, believe that the old calm gone, derailment of a man burdened with the deserted about the tragic situation. Select return home even if the derailment of a man, but his wife, children, relatives and the damage already is a fact, even if his wife was back for one reason to give you the opportunity, but in her heart the pain that will be forever her heart to forgive your body, but does not mean to accept your soul. This is a man destined to derail the next few years living in self-blame, guilt in uncertainty! Again, the behavior of men and serious injury derailed the child's physical and mental health charity's father once great moment will carry the name of a prove ungrateful! Imagine how the man will come after the kids for the young establish a positive image? Word
saying goes well We advise those with a restless heart of the men, take your heart, mind your wife and children, the sense of calm through your day! Must bear in mind that this.

Stir a private clever dishes

 How fried pork slices. Meat will be cut and placed in a colander, the sway of the boiling water several times, until meat color when just starting water, leaching of water, and then the next Guo Chao, only 3-4 minutes to mature, and fresh and delicious.
skillfully fried beef. Fried beef slices before using beer will dilute the flour, pour in the beef, the beer, play a role in the enzyme, can break down proteins, increase the level of fresh beef.
skillfully fried liver. Fried liver before the point of borax and white vinegar can stain look, borax can make crisp pork liver, pork liver can not oozing water, white vinegar.
skillfully fried kidney. Kidney chopped, add a little white vinegar and water soak for 10 minutes, kidney and will send a large, non-bloody, white crunchy fry.
skillfully fried fish. The fried fish, add some sugar, bad skin is not soluble.
skillfully fried eel pieces. Fried with some parsley, can play a seasoning, delicious, the role of fishy solution.
skillfully fried shrimp. The peeled shrimp into the bowl, add salt per 250 grams of shrimp or eat 1-1.5 grams of base powder. Rub gently grasping soaked with water after a while, and then then rinse clean. Stir in the shrimp to make this as transparent as crystal cool tender and delicious.
How scrambled eggs. Eggs into the bowl, add a little warm water Mix well and pour into pan fried; Fried few drops of wine to the pot, so that Stir the eggs fluffy, fresh, delicious.
skillfully fried lotus root. Will Nenou slice, wok explosion, Dianfan few, into the amount of salt, MSG pan immediately, so that the Lotus Root Stir will color white as snow, crisp and juicy. If the fried fried lotus root, the more the more sticky, you can add a little water side of fried side, not only a good speculation, and fried lotus root out white and tender.
skillfully fried green peppers. Fried green pepper and stir-fry to use emergency fire, put a little fried when you add salt, MSG, vinegar, a few fried, pan plate and serve Serve.
skillfully fried carrots. Only carotene dissolved in oil can be absorbed. Therefore, when fried carrot put some more oil, especially good with fried meat, together with tip.
skillfully fried celery. Celery, chives, if speculation is not good, tough on the quality is not good. If the pan over high heat pan, then stir-fry vegetables into the pot, make fried celery is tender, crisp smooth, delicious.
clever cooking flowers. Spend time cooking, add a little milk, would be more white and tender and delicious finished product. Before cooking, flowers, washed with water and then boiled again, and then together with the meat and so can the next Guo Chao.
skillfully fried amaranth. In the cold cold pot into the amaranth oil, then stir fry, fried out of amaranth color so bright, smooth taste, no smell there.
skillfully fried peanuts. Fry peanuts with a cold pot of cold, crisp but not color, not peeling, such as deep-fried.

All gamers get the

 In earlier years, it was a long time ago, and I came to a legendary world, with my favorite weapon ruling stick to the mystery of the Mary enamel continent, began to wonder I like Fantasy Westward Journey world travel, living away from my blood rivers and lakes
to the Chinese land, the land looked at China and China II Diablo ah ..
me a drift of a century, King came to the mainland, met a lot of spirit .. there is already changing, opportunities let me get the secret.
later that I came to the Demon world, like lying, the way I see it still, small & spend time to go alone ..
gave me a flower only BNB, my heart glad.
kill one, and my decision has been sustained is running out, I decided to create my first Neolithic weapons, came to a deserted island, adventure island. there Audition people are dancing.
I met my strong enemy, pirate king, and we battle more than 100 rounds, Pirates of the mean, since the use of martial arts masterpiece: QQ speed of sound, I used a trick RO He really was to stop, he used a weird magic fly ball to hit a new Devil.
I watched my man take away a great country, walking tired, found a cheaper stay inn , and remember that what is the perfect inn called the International Hotel, eat good, eat a lot of Snake OL, watched two movies, one called the costume of the Gods also a popular Madden football.
times I started my day Happy Journey to the West, take the one I know Tianjiao II, Huang Yi 2 brothers, very good, oh man.
they took me to a super strong dancers, with my feet did not want to do things s World of Warcraft, and looking at the people who are super fun, so I am very envious.
they saw a crazy car with me, that feeling was really shocking oh .....< br> 2046 is really nice city, where people are playing games and legendary world snail ....< br> go, they said take me to see JX, Baby Story, the brothers find a street that we played basketball. .
my arms lasting is done, and I build my first two weapons Hammer, the weapon with a very hard ...
Yulgang my battles, I spent two silver hit a boat her name is: Age of Discovery OL, about sailing for several days, only to find the shore and see the rainbow knight holding a sword of Excellence contest show positive and Peas.
Last 2 person injured by the giant, the last 2 Worms Cheats stolen enemy Oriental martial arts legend, it can be said to Masterpieces Masterpieces Oh ..
my enemies and my hand Sword fighting 100 rounds, and finally I took a bomb and he led the people special forces battled fiercely in a ..
dominance gives you a born again, and finally beat his opponent, who I gave a ruby ​​bomb, and he's extremely pleased to introduce the Grand Master, and I know, Cheats Grand Master gave me the secret is appropriate to pass this book out ...
Reggie Shadowbane brother came to me with his contest for the past few days I said no, very angry man, playing a trick break days of sword, I do not ward off live.
Fortunately, the presence of Grand Master Cheats with a lifetime of martial arts called Fantasy Magic Raiders brother to Reggie away ....< br> No. 3, I came to the battlefield to see to the Star homes, homes there are a hero sitting beside the throne stood Wulinwaishi and Xuanyuanjian II, see God weeping is fighting the letter Nagano look OL.
matter concerns an armchair, I continue to go, I continue my Armor torrent II came to China to see them being released Guild Wars | give me a block line of fire risk tasks and their E |, I told them that it was risky ah, is simply confusing adventure ah, ah , ah.
Legend: No you go, I had a crazy primitive man, see that they are running crazy kart, just Wonderful ...
I conquered all the way to get my own faith, find de way, it's to others ask ....< br> walking, is simply the fate of people, ah Well, finally picked up a 西游伏魔录 Well, I had to laugh Swordsman proud of rivers and lakes, ha ha!
go all the way to see the hero he was and I said that we are already missing a 3 star, and let you have a bar, do not you play, the magic that let you have a baby, you do not play Oh I said I was apple pie, and they like to play bubbles game ha ha ...
fluttering de I came to the beautiful world, I want to Race Tycoon | Kazakhstan, where the world is really experiencing a lot of blood hero swallowed I always talk about the story of legendary Silk Road.
what a big adventure I just want what people kicking a ball, hey ...
Chongwu Wang Biao driving his beloved old car looking for me to play I said I do not really play with cars, play will KartRider Well, Chongwu Wang went away angry.
King has ridden, took the Meteor, Butterfly Sword Cheats carries Jing Yong martial arts, to Long and underground city, for I still do not fight a decisive battle ...
fight, to battle or war that, at the end still have to battle ....< br> lakes and rivers and mountains I have to kill me, popped my world II raid is not a good idea .... Well, I finally thought of a good way, or the end of our all, so we can all say goodbye to PW it.
Cheng Cheng produced, an absolute classic.

PC gamers emperor

 NovelQuest company produced this giant PC workstation platform called the Emperor emperor , in our view, it is definitely a gamers dream of the It hang three huge LCD displays crane , similar to the drape of the lethal scorpions .
Although known as workstations, but I think very few people can be seated in one of the real With is too fascinating. its free lift crane , hoist the user to sit down, then the button will display a high degree transferred to the best location .
addition to the 3 monitors , but the station is also built THX Dolby surround sound system , camera , internal configuration can be customized to install any PC or Mac desktop, even if you put it as the most massive notebook base is also no problem , because it also built-in battery backup. for gamers It also for the sake of your health , built-in air filtration devices and artificial tanning . The aircraft is expected to go on sale in July , the price ? forget or do not ask for better .
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Andy Xie, blame game

 Blame game / Xie
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2009-02-16 Andy Xie, Sohu blog
Several prominent newspapers have featured articles that blame the current financial crisis on China's buying of the US treasuries. In this theory, the deficit countries (eg, Australia, Ireland, Spain, the US, the UK, etc.) are Peking ducks, the surplus countries (eg, China, Japan, Russia, Saudi Arabia, etc.) are duck farmers, and the later force- feed the former into bloated debt junkies that eventually blow up. Of course, both willing lenders and borrowers must exist for a debt bubble to exist. But, who do you blame, the borrower, the lender, or the middleman? I am sure that stories and theories on all three would be plentiful. But, the accusation against China and other lending nations would be politically convenient. The politicians in the crisis countries could blame someone else and avoid making hard choices. However, the theory has the causality wrong.
Finger pointing in the blame game so far is mostly at Wall Street, ie, the middleman. It is easy to do that. Just look at the CEOs of these institutions. They have paid themselves hundreds of millions of dollars on supposed accounting profits that have become today's write-offs. Their institutions are either already bankrupt or close to. Bernie Madoff's $ 50 billion scam crystallized the problem on Wall Street. It is easy for common people to see that this crisis has happened because these greedy people have taken advantage of the system and ruined it for their personal gains. I am sure Hollywood would have a feast with the stories that are coming out of Wall Street. They are so much better than made-up stories. Great movies could be made just by faithfully recording what happened.
I have been writing about Greenspan's guilt for this crisis. For years, I have written his bubble making decisions: I wrote (1) in 1999 that his rate reductions in response to the Asian Financial Crisis led to the IT bubble, (2) in 2000 that his rate reductions in response to the tech burst would lead to a property bubble or bond bubble or both, and (3) in 2003 that a new bubble was emerging with Greenspan as the DJ. When he took over the Fed in 1987, the US's financial sector had $ 1.9 trillion in debt or 29% of GDP. When he departed in 2005, it rose to $ 13 trillion or 104% of GDP.
In his appearance at a congressional hearing last year, he professed that he was shocked that the financial institutions that borrowed so much didn't take good care of it. So his explanation was that he didn't know. But, in 1998, when Long Term Capital Management ('LTCM' ) blew up, it nearly brought down the financial system. The problem was excessive leverage as reflected in the financial sector debt. If one fund could bring the system down, imagine how much risk the massive growth of the hedge fund industry and the proliferation of proprietary activities at investment banks could pose to the system. Indeed, the consensus among regulators and analysts after the LTCM debacle was that such off-balance sheet activities should be regulated. The opposition from him and top officials in the Clinton Administration kept such high risk activities unregulated and laid the foundation for the current crisis.
In a credit bubble, monetary policy plays a dominant role and must be held responsible for it. I had a debate last year with a friend on who was guilty. He argued that the export-led strategy by emerging economies was equally to blame. I argued against it. Some bubble happens somewhere everyday. A bubble forms when everyone bids up the price of an asset solely on the expectation that someone else will pay more latter. Hello Kitty dolls, puer tea, or modern paintings all could become bubbles. As long as supplies cannot increase quickly in response to rising price and something captures the attention of enough people, a bubble can happen. But, such bubbles are small relative to total money supply and can form without the support of monetary policy. A credit bubble is large relative to total money supply. Without an accommodating monetary authority, a credit bubble cannot possibly occur. For example, the increase of the financial sector leverage from 29% to 104% of GDP couldn't have happened without the Fed accommodating. If one person could and should have stopped the bubble, it was Greenspan.
Instead of being alarmed of surging leverage for proprietary investment such as warehousing derivatives in the financial system, Greenspan repeatedly claimed that the proliferation of derivative products was good for efficiency and failed to acknowledge that it was mostly for speculation. I don't know if he was genuinely naive about what was happening. Mr. Greenspan is the individual most responsible for the crisis.
In his inaugural speech President Obama spoke about the collective failure to make hard choices. It was a euphemism for reckless borrowing by the US households. Should the borrowers who are not paying their debts be blamed? Some prominent analysts think it was all the fault of crafty bankers who cooked up complex products and fooled the masses into taking on debts they wouldn't be able to repay. I don't think so. The US households who took on triple zero mortgages-zero down payment, zero interest rate and principal repayment for two or three years knew they were offered only upside and no downside. If property price rises, they could benefit from the appreciation. If the price falls, they could walk away and go back to where they were from. They were offered a free option plus a nice house they could stay in for the time being for free. It was rational for them to take the deal. But, was it right? I think it would be quite naive to portray the borrowers as the ultimate Peking ducks.
Of course, if the surplus countries were not willing to lend, what happened in the United States or other deficit countries couldn't have occurred. Greenspan's loose monetary policy would have led to dollar weakness and inflation, which would have forced him to raise interest rate. To what extent the surplus countries should be assigned some of the blame? Initially, the desire to accumulate foreign exchange reserves in dollars was in response the 1997-98 emerging market crises. The crises were triggered by dollar shortage. When Bernanke was at the Fed under Greenspan, he coined the famous term 'savings glut' to explain the US's large and lasting current account deficit. In his theory the US was doing the world a favor spending the money that other countries wouldn ' t spend.
Bernanke's explanation put the US at a passive position in receiving other's savings surplus. But, if Greenspan had refused to loosen up money supply, if the regulators had stopped the sales of dubious derivative products, if American households had refused to borrow the money they couldn't pay back, the surplus foreign savings couldn't have flowed into the US economy, and the dollar would have risen to keep out the money.
A more apt explanation is that the US's system evolved to take advantage of this source of cheap money. Self interest prompted the Wall Street to embrace a new business model that centered on pumping the cheap foreign money into the US household sector. Even though they are suffering now, American households had a good time with the money. A big party with cheap foreign money was just too tempting to resist. Indeed, regulations were lightened up to make the party possible. The US took advantage of foreigners' desire to accumulate dollars in the aftermath of the 1997-98 emerging market crises.
By 2004 it was obvious that the surplus countries couldn't get off accumulating dollars without their economies crashing. Their economies restructured for selling to the deficit countries and financing the sales with their surpluses. Private demand for dollars in these countries collapsed. Their central banks had to buy all the surplus dollars. Even though they knew it would crash one day, they didn't have the courage to let it go and bear the economic consequences. They waited for the US to implode.
'We were the Peking duck' is not an acceptable explanation for what happened in the deficit countries. It conjures up lack of free will among the most powerful and richest countries. Indeed, regulatory and monetary policies were accommodating in sustaining the bubble. The deficit countries spent other people's money for a good time. It doesn't make sense for them to blame the lending countries for their own behavior.
It is just unconscionable to blame cheap Chinese imports for the bubble. When Americans go to Wal -Mart for shopping, they want to save money. Cheap imports cannot be the reason for Americans living beyond their means. The driver for the US's deficit is its healthcare cost that has doubled to 16% of GDP in two decades, five percentage points more than in other developed economies. When Americans buy cheap imports, they are pressured to do so by rising healthcare costs. The US's healthcare system is the driver for what happened. Foreigners' desire to accumulate dollars made it possible for the US to defend its living standard despite the out-of-control healthcare cost.
A bubble can be an honest mistake. The herd mentality is a human weakness that underpins bubble phenomenon. However, in some bubbles, there are people who try to incite and take advantage of the herd mentality for their personal gains. These are the people who deserve to be prosecuted. We don't have to look far to see such people. Who have pocketed millions on false profits? Who gave worthless derivatives triple-A ratings? Who have changed the rules for dubious financial products to be sold?
The blame game is not just a rhetorical game. It could have serious consequences on actions. If the deficit countries blame the surplus countries for the crisis, they may just wait for the later to fix the problem. Apart from fiscal and monetary stimulus and bailing out their banks, they may not undertake structural refor ...