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by The Constitutional Monarchy of Zhen Dynasty. . 27 reads.

A Review of the Times: 28 Jun 2020


萬國公報: A Review of the Times
.....July 2020 - Issue No. 1,831..reeeeeeeeeeeeejhdfkshfjkdshkfdhkfhskfhkhewiufhjkdshkjfeeeeeeeeeeeee...Founded by Rev Young J. Allen, Est. 1868

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
business practices, save jobs, address inequality and climate change, and build resilience against
shocks in the future. The pandemic-induced lockdown had led to an estimated $560 billion USD being
pumped into the Zhen economy to support households, stem job losses and keep businesses afloat,
which is a stimulus package rivalling that of the latest recessions.

Embedding long-term thinking into short-term measures steps in the right direction.
But given the sheer scale of financial support being provided and rising concerns about inequality,
climate change, unemployment and public debt, the next wave of recovery measures should go further.

The recent debt payoff, worth nearly one trillion USD,
has led many to believe that the Zhen will be able to control and reign in its ballooning debt. In addition,
gargantuan investments and construction projects for environmentally-friendly initiatives, such as afforestation
in the Tianshan Beidao, the installation of EV charging stations on highways, or the construction of massive
reactor plants, solar parks, and wind farms, can be used to reduce unemployment and stimulate the economy.
These methods have been used all across the world as a tool to bring about economic growth.

The Zhen is the world's largest emitter, but also a massive market for growth in the renewables sector. By
the time we complete a solar park or nuclear reactor here and there, we will have needed to phase out its
older iteration within the next 36 months or so. The constancy of change, coupled with the Zhen's massive
domestic demand, means that there will always be benefit from exploiting the renewables sector. By
consistently building more of these clean power sources, we can benefit from this environmentally and in
terms of employment as well. The constant need for newer and newer technologies will provide us with a
self-sustaining cycle of economic productivity, at least in the short term.

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
about a new pilot for REITs provoked much interest. Under the statement's guidelines, these new REITs are only
permitted to finance infrastructure projects which have been in operation for at least 3 years.
The statement also promised some tax concessions, which could spur great interest in the long run.

A successful REIT market in the Zhen could dwarf all of the other Asian markets.
The April announcements relate to a pilot programme of publicly-traded infrastructure REITs in six regions
of the Zhen: Chongqing, Shanghai, Jiangning, the Imperial Capital, Tianjin, and Guangzhou. Investment
in residential and commercial real estate is expressly ruled out - the REITs are only permitted to
invest in warehouses and logistics facilities, highways and transportation facilities, utility
facilities and industrial parks, as a way to increase yields and attractiveness for economic centres.

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
transaction taxes.

Secondly, investors will not have to pay more tax if it is the result of interposing
the REIT entity into an ownership structure.

In Depth: Why We Need to Remilitarize
By meatlickercitizen9

MACAO – Do you remember the days of peace?

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?