萬國公報: A Review of the Times
We Need A Fairer, Greener Economy
By Matteo McMurdo
LHASA – We need a 'Great Reset'.
The Zhen government must use today’s short-term rescue measures to encourage more responsible
Embedding long-term thinking into short-term measures steps in the right direction.
The recent debt payoff, worth nearly one trillion USD,
The Zhen is the world's largest emitter, but also a massive market for growth in the renewables sector. By
REITs to be given a tax break - EXCLUSIVE
By Ma Tiange
The Loong Kong Museum of Art in Tsim Sha Tsui
IMPERIAL CAPITAL – In the late 2000s, it looked as if the Zhen's real estate investment trusts
would have a coherent legal framework and thereafter become the dominant Asian REIT market.
It never happened, floored by a tax impasse and concerns about market bubbles.
However, that is about to change. A joint statement on April 30 by the Board of Revenues and the Board of Rites
A successful REIT market in the Zhen could dwarf all of the other Asian markets.
In that very same statement, the Boards have stated that tax rules on REITs will be amended.
Firstly, the holders of the REITs, not the REIT itself, will be responsible to pay any
Secondly, investors will not have to pay more tax if it is the result of interposing
Because I don't.
Being the second-largest economy (or first largest, depending on how you look at it) doesn't necessarily come on a silver platter. The Zhen had to fight for it, ever since our Revolution in 1911. Since then, the Zhen has fought in numerous armed conflicts - the National Protection War against Yuan Shikai, the Second Revolution against the Tongmenghui (now the KMT), World War I, the occupation of Mongolia in 1919, the War of Resistance against Japan, Korean War, Vietnamese War, and more.
Every time, the Zhen faced a problem - a lot of us died. If we counted all the military deaths from our side in every conflict that has happened within the Zhen's borders, the numbers would exceed every other country's military casualties in the world combined.
This is important. This is why we need to remilitarize. A man with three thousand tanks behind him, eight hundred fighter jets, and tonnes worth of precision munitions need not fear a home invasion - just like how a country with a massive military need not fear a war on its backyard.
If we are able to strengthen the military-industrial complex, we could boost the state's economy by creating jobs and increasing industrial production. This is especially relevant, seeing as to how millions had recently become jobless following the COVID-19 pandemic. The beneficial aspects militarization has to the local economy is something worth looking into. The Zhen needs growth to maintain its position as a global economic power, and to maintain its economic clout. As foreign companies start to relocate their operations out of the country, we will have a surplus of skilled workers, and a deficiency in job supply. Skilled technicians can always be hired by the military, or by massive defence companies. At this point, we have the numbers and money to pour massive amounts of funding into these projects - not to mention that the reserves could use several million extra folks to boost their ranks.
The perceived level of threat influences what potential for violence or warfare the state must achieve to assure itself an acceptable level of security. Right now, we sit on a precipice. We have a dangerous Myanmar, a volatile DPRK, a rogue island 'state', and a boiling pot in Thailand that could explode on our faces. We have a Dzungar diaspora which fundamentally hates the Manchus, and is ready to throw hands at any time. Quite simply, we need strength to keep the country safe.
If we don't, who will?