Southwest Chinese Journal (Stafford, Tex.), Vol. 7, No. 11, Ed. 1 Thursday, July 1, 1982 Page: 3 of 16
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July 1-15, 1982
& fij ^ t Southwest Chinese Journal
page 3
China Tax Seminar
The People's Republic of
China has recently enacted
several laws and regulations
governing taxations of for-
eign investment in China. A
joint venture regulation was
published earlier. In Decem-
ber 1981, a regulation govern-
ing foreign investment which
has wider application than
the earler legislation was
announced.
To explain these new laws
to potential foreign invest-
ors, a delegation from the
PRC, led by Mr. Lui Zhicheng,
Commissioner of the General
Tax Bureau in the Ministry of
Finance, has visited several
major U.S. cities under the
sponsorship of Price Water-
house, an international ac-
counting firm. The new leg-
islation, representing China's
efforts toward modernization,
is aimed at promoting and
attracting joint venture and
foreign investment in China.
Mr. Lui emphasized that the
first and most important
principle is to maintain the
sovereignty of China. Under
that principle however, taxes,
on foreign investment and
joint ventures will be low
and relaxed to promote more
investment. The procedures
will be streamlined to faci-
litate the process.
At the present time, there
are many U.S.-China cooper-
ative projects. Many of
them are energy related,
by Reporter Chu
which helps explain why the
delegates visited Houston,
a key city in the U.S. ener-
gy industry. There are many
major projects still in the
negotiating process. Only a
relatively few projects have
entered the production stage.
Under the auspices of the
United Nations in early June
of this year, a convention
was held in Guangzhou in
which minister of Foreign
Trade Madame Chen Mouhua has
announced the kinds of bus-
iness that China is interest-
ed in promoting, and encouraged
foreign investors to invest
in these business in China.
Mr. Lui's delegation has
given several seminars in
the cities visited. They
were happy to see a capacity
turnout at the Houston semi-
nar held at the Four Season
Hotel in downtown Houston.
The audience responded favor-
ably to the new legislation.
Many had asked for appoint-
ments to further clarify some
detailed issues.
Mr. Lui had a favorable
impression of Houston. He
particularly liked the many
trees and abundance of green
adorning our city. The heat
didn't seem to bother him
much. After the Houston vis:
the delegationheaded for San
Francisco, the last leg of
the U.S. tour before going
back to Beijing.
INDEPENDENCE, cont. from page I.
tem, you have to voice your concerns to its administrators;
if you want to do business outside your immediate community,
even do business with the city, you must seek out those
offerings which might maximize your future options; if as
a woman or minority you feel victimized, more constructive
action and understnding can be gained from asssociating
with those who may have more in common with you than you
realize if only you would venture out.
Being Independent, Being Responsible
All of which is a way of espousing, during this time
when we are all thinking "Fourth of July," the idea that
each of us can declare for him/herself a personal Indepen-
dence Day of sorts, ^mong the rights we should all cherish,
including freedom of speech, press, etc., we call attention
to freedom of thought—or, to oversimplify, "think for
Houston Ballet Returns
Houston Ballet just re-
turned from its European
tour receiving great acclaim
from critics in Italy,
Luxembourg, France, Monaco,
and Switzerland.
Houston Ballet's 21 perfor
mances in 12 cities brought
praises and headlines of
"Precision, Exactitude, and
Great Technical Skill."
Among the 38 dancers was
Li Cunxin of People Republi
of China.
Italian critics said,
"Li Cuxin, who stood above
all others, is a danser of
the first order."
A Swiss critic, Hartmut
Regitz said, "Janie Parker
and Li Cuxin won great
praises."
Walter Sorell, Houston
Post reporter, who saw the
performance in Switzerland
said, "Li Cunxin impressed
the people with his winning
personality."
c Houston Ballet is the
first residence arts organ-
ization from Houston to
tour Europe.
yourself." As an independent, responsible publication, we
intend to provide our readers "food for thought," ever
mindful of not abusing them with too much indigestible
rhetoric. Herein are articles which seem to be prodding
the reader toward particular directions—the reader would
do well to "think for himself" before jumping to any con-
clusions. Highly recommended to be read are the Raymond
Lew article on pages 6 and 7 and Dr. Weining Chang's
article on failure on page 5. Both seek to examine atti-
tudes existent in our community which perhaps need further
reflection. Some may find either or both endeavors ill-
advised for one reason or another, but whatever one thinks,
the Journal would welcome reader response.
We remind our faithful readers, then, that we do not
intend to emulate the firecracker mentioned earlier—makes
a lot of noise, potentially dangerous if mishandled and
after use, just litters the street. But neither do we
intend to be a dud.
Happy Independence Day, on July 4th or whenever.
-Allan Cor
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Southwest Chinese Journal (Stafford, Tex.), Vol. 7, No. 11, Ed. 1 Thursday, July 1, 1982, newspaper, July 1, 1982; Stafford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth273776/m1/3/?q=Lamar+University: accessed June 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rice University Woodson Research Center.