Studying Islamic Finance

السلام والازدهار العدالة المجتمعي
You are visiting a blog associated with an online noncredit course studying the topic of Islamic Finance, moderated by John Wiley Spiers. Feel free to participate in our discussion, and if you are interested in taking the course visit http://www.johnspiers.com/Islamic_Finance/Welcome.html

Wednesday, September 12, 2012

China Opening a New Hong Kong?

Journey to the West is a classic Chinese tale, and it appears and economic version is occurring now.

moviecritic.com.au

Trade between China and Arab states reached $200 billion in 2011, up 35 percent from a year earlier. Two-way investment grew eightfold during the last decade.

In pursuit of more business, the Communist Government will cut taxes.

China has approved the establishment of "an inland opening-up trial zone" in Ningxia and "a comprehensive tax-free zone" in Yinchuan as part of a major effort to promote economic opening-up of the region, home to more than 2.2 million Muslims of the Hui ethnic group.
http://english.cri.cn/6909/2012/09/13/2561s722113.htm



Too bad capitalism does not permit freedom like communism does.

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