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The Ministry of finance, the General Administration of customs and the State Administration of Taxation issued a notice yesterday, clearly a series of tax policies to support the Wenchuan earthquake recovery and reconstruction, including reducing the burden on enterprises, promote the enterprises to resume production as soon as possible tax policy and reduce the personal burden of tax policy. These policies and measures, in addition to value-added tax to expand the scope of deductible policies, where not marked by the deadline, will be implemented until December 31, 2008. notice provisions, since July 1, 2008, to all sectors of the severely affected areas (except the state restrictions on the development of specific industries) VAT expanded scope of offset policy, allowing enterprises newly purchased machinery and equipment contained in the VAT input tax deduction. The specific measures for implementation shall be separately prescribed by the Ministry of Finance and the State Administration of taxation. Enterprises that have suffered serious losses in the affected areas shall be exempted from the enterprise income tax for the 2008 year. "disaster area" refers to the assessment of disaster area 10 counties (city) and disaster area 41 counties (city, district), "disaster area" refers to the disaster area 10 counties (city), disaster area 41 counties (city, district) and 186 counties (city, area district). notice is also clear, since May 12, 2008, to the affected areas of personal donations of money, at all levels of government issued relief funds; the personnel earthquake relief, according to local governments and departments at all levels shall obtain the relevant standard and relief subsidy income, exempt from personal inc cheap jordans for sale ome tax. The Jordan Brand has been in suspense finally announced next week will be officially on sale this multiple exposure Air Jordan 11 Low Midnight Navy. A shoe body with this set of navy blue leather and fabric, while the bottom is white and collocation, equipped with rubber outsole. 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Monochrome elegant vamp is actually used to create a waterproof fabric, so named outdoor suit, and with a strong sense of color lines outdoors coarse knitting lace, as also increased its service life. Such a low-key but functional good color suit, can impress your heart do?Interpretation of the so-called "art" 2013-12-08 22:27:09 in its own way in his works, you probably don't see the concept of "following the rules," and he's the most Funky photographer in japan. recently, due to the Vans brand's invitation, Arata Guchi first came to Shanghai for shooting Vans autumn new, SIZE shoes have reported at the scene of an interview with Arata Guchi. Let's go through the question and a jordans on sale online nswer form to get a better understanding of the "heterogeneous" photographer! Q: we all know that you've worked as an assistant for Terry Richardson. What do you think is the biggest experience of your life in the United States? A: of course, they have a lot in common, but there's a big gap between the city and the city. Unfortunately, the trip to Shanghai was very fast and kept walking, and there was no time to visit other places in Shanghai. A: crazy, release! Q: what do you like in your life? Or what is your hobby? 〉 you: QChinese shoes network Jan. 1 hearing, for investment funds, I have always believed that its primary mission is to give investors a return. And not only a return to investors, but also produce a certain impact on society, on socio-economic development has played a positive role in promoting the fund is undoubtedly very good, very successful fund. Sequoia Capital's goal is to become such a society is also beneficial both for investors funds. Of course, to achieve this goal, we need the entire economic life, the most time to capture the highlights, the most growth potential. In Silicon Valley, the capital are generally more optimistic about the new technology and the new economy, investors in Silicon Valley who also put all their energy bets on so-called technical innovations, which prompted the US Semiconductor in the 1970s and 1980s software, 90 Internet era, and after the rise of biotechnology, which also contributed to the rapid development of the US economy. Among them, the Sequoia United States is a very successful example. Over the years, it has successfully seize every change, every trend, and not just grab a a business. But overall, after three decades of development, in addition cheap jordans from china to the brilliant and new energy had emerged in recent years, the United States rarely able to break through and the rapid emergence of the explosive development of the industry. & nbsp; & nbsp; & nbsp; but the contrary, China is facing another scene. In China, the industry's explosive growth potential is very large, they are not just limited to the Internet, software and other industries. Also very interesting it is that the growth of China's software (23.59,0.15,0.64%) sectors may also compare some of our so-called traditional industries, such as the sporting goods industry. In China, sports undoubtedly be considered a traditional industry, but it is far more than the annual growth rate of our so-called emerging industry - the software industry growth rate. So, in China, which the industry is a traditional industry, which is an emerging industry, it does not matter to us, we value these industries is whether there is explosive, whether there is predictability of positive changes. We care about the pattern of changes in the industry, which concern the industry will be a huge room for growth in the whole social change, therefore we do not need to invest in the industry define the traditional and non-traditional. Based on this concept, we invested in the Olympic and agricultural interests. Peak is a very typical Chinese consumer products manufacturing sports business, from production to sales which are very traditional, and even up to now have not yet own Internet sales channels. 30 years ago, it is only a Language Quanzhou, acting as Nike and Adidas factory old enterprise, which many enterprises in Fujian, Zhejiang, Jiangsu, like today. But 10 years ago, the Olympic operators recognize that consumption in China is about the proj Retro jordans for sale ection environment, Chinese manufacturing is not necessarily the best way of business development. So they began to focus on creating "Olympic" brand, but after a decade of efforts, finally will make the Chinese Olympic sports goods market leader, and Li Ning, Anta along with the top three. Linon also a very traditional business, but now it is China's largest manufacturer of green vegetables, it produces broccoli, small pumpkin, cherry tomatoes in China's market share in the first place, and these are in High-end products. From the management perspective, these sectors are very traditional industry, a traditional management philosophy, but I think, these industries also need strong execution capability and brand identification, and these requirements are not traditional. In the US, the pattern of these industries has been formed decades ago, it is difficult to produce large companies. But for China, the industry structure is far from forming, market awaiting development, I think this is an opportunity Sequoia Capital. This is America unthinkable. 10 years later, when the Olympic all points of sale throughout China second and third tier cities, when consumers buy high-end vegetables from agricultural companies benefit from the supermarket, as Olympic and Linon earliest supporters and the shareholders, Can we not believe, Sequoia Capital on the formation and development of China's economic structure at least contributed their bit modest it? For us, this is actually a very important mission, and we are also able to achieve investors, portfolio companies and benefit society, because our investment cultivate a successful business, providing a huge employment and learning opportunities, but also to provide an opportunity for Chinese peo cheap jordan shoes ple to enjoy the new goods and services. It was a successful fund should have quality, and this is the reason the United States so respected Sequoia. Because people have not seen it in semiconductors, software, Internet development prospects of these enterprises when investing, helping these companies grow, thereby enabling these enterprises in the United States after three decades of economic development catalyst. Similarly, in China, we also hope to be able to successfully play such a role, to play our role in promoting social development among major. & nbsp; & nbsp; & nbsp; In the specific operation, we can learn from the business models and technology overseas in many places, but we are certain foothold in China. For example, when choosing investment targets, we rarely invest in overseas markets, mainly those of enterprises, and why? Because China has a huge consumer market, China is the most attractive place. As long as a product is welcomed by consumers in China, then it will be very, very large growth potential. Pick and Lee agricultural achievements, it is very clear evidence of this. And which is the basis of our transition to Chinese consumption and likely made in China. What is the "Made in China"? China is to sell products overseas to go, and "Chinese consumption" is the Chinese production of its own brand, and in domestic consumption. For us, this is a great opportunity. In the global economic crisis, China's domestic market did experience a test in the past 12 months of data is very clearly illustrates this point. After the economic crisis, many people expressed doubts about China's domestic demand, but the development of the enterprise itself, we are still in a stage of rapid growth. Of course, there is a question cheap foamposites of scale, such as five years ago, may be based on the Olympic double, triple the rate of growth, and growth this year is likely to only 50% -60%, but the growth is still present. The reason is that we are concerned about these traditional industries and people's lives. In the fourth quarter of last year and the first quarter of this year, when domestic economic growth encountered challenges, people will not give up Is consumer brands vegetables, brand clothing desire it? Will not. Because these consumer spending accounts for only a small part is the biggest buyers, car and so on in people's overall consumption, but also it may increase or decrease as incomes have some corresponding adjustments, vegetables, sportswear or baby milk powder and the like The consumer will not be much adjustment. Of course, not all investments must focus on these sectors, what kind of capital for the industry engaged in what should be decided by the capital itself. In addition to opening a huge consumer market, China is more benign investment environment to attract us for a reason. In fact, whether it is foreign or domestic, whether it is the high-tech industry investment in traditional industries, or the most basic things, government concern, is an investment finally able to produce what kind of social effect. If an investment not only provide the community with a large number of employment opportunities, providing excellent products and services, while revenue for the Government, that there is no doubt that the government will give support at all levels of the investment. In addition, the government also strongly support entrepreneurship, provide 200,000 to 300,000 in start-up loans for a number of university students without any guarantees, we belie cheap jordans free shipping ve this is very rare in the world. In view of the above two points, I still firmly believe that as long as the stick to the Chinese market, as long as there is good management philosophy, good investment direction, a good management team, can get any return on capital. & nbsp; & nbsp; & nbsp; & nbsp; here, the amount of the return of capital to focus on certain industries concerned. I recently the industry over the past five years we have made the investment involved a simple review. By reviewing, I found the Chinese market, while significant, does have a lot of industries with growth potential, but we can not afford, or do not have the expertise to address all of these may bring us rewards in the industry. In fact, this is a very normal phenomenon, any funds if it does not focus, do not focus on what it does best in the industry, and that it will lose their core competencies, and then lose the market. Because the fund can not be established in every industry expertise. If someone asked me today, the real estate industry, you have no in-depth understanding? To be honest, I did not. Mining there? I do not have either. Why? Because I did not intend to carry out the scale of investment in these sectors. On the contrary, we want to be in the consumer products and services, the Internet and wireless, health industries, new energy and new materials industries, conducted in-depth research, and this is the reason we get a certain return. One who wants to invest in the long-term success, it must establish its own core competencies are good in their own industries, cultivate their own knowledge and contacts. & nbsp; & nbsp; & nbsp; In these industries we are concerned, there is some government regulation, such as the media industry, the I cheap air jordans nternet industry, the medical profession; some less regulated, such as the consumer goods industry; and others to a certain extent We must rely on the government, such as new materials, new energy industries. But no matter what the investment industry, I think, most important, the most critical is that we have no choice in the enterprise market competitiveness, there is no sustained growth gene, rather than that it is in the high end or low end, nor is it whether it has been supported by the government. Because between the government supported a number of enterprises, there is a process of survival of the fittest. This process, who survived the execution of the business is to rely on. In the real estate industry, the success of Vanke really need to guide macroeconomic policy, but excel in the management is equally important. Good business is able to continue to grow. In turn, the enterprise itself, shareholders are the State or individuals is not important, the most critical is the enterprise management mechanism have not been established. But for different enterprises, different forms of enterprises determines the different operating mechanism, but one thing is the same, that is, establish enterprise managers, management's incentives. Throughout China's business, I find that they are particularly loves diversity. For diversification, it was recognized, it was criticized, standing investor point of view, I always believed that companies in this industry focus on key lies in whether or not there may be the potential for continued growth. Today, if I were the entrepreneur, the holding company has a 50% sustained growth or growth potential, then I will focus on this industry, and will not consider the withdrawn funds for investment. Why? Because the portfolio companies can ensure 50% growth rate is a doubt. But if the company has only 10% growth per year, then I would consider out of part of the capital, looking for investment opportunities with better returns. Here is the problem reflects a rate of return. As shareholders and management, we should think more about how to build the core competitiveness of enterprises. The key, of course you can extend this core competence, such as in the middle of doing some business at the same time, can be considered to develop upstream or downstream, where the problem lies in a clear understanding of their own strengths and weaknesses, to clear himself in the upstream or downstream while walking in the middle of ability is not strong enough, it is not already set up their own core competitiveness. If these are not available, then to go upstream or downstream effect might be even worse. We invest in Chinese enterprises are mainly two types: one is an early business, the other is the growth of the business. Early investment business, we need to give entrepreneurs more help, of course, we can get a higher return. But even more important is that here, looking at these enterprises from scratch, to assets of more than 500 million, 1 billion, my heart is particularly rewarding that this process is particularly exciting. For example, Pick, we started to invest the time, it is less than $ 1,000 a year profit, but this year its profit of more than $ 8,000. Another example Linon, when we invest in the company's profits is less than three million dollars, and today nearly 20 million US dollars. Pick shops in the second and third tier cities welcomed by a lot of people, Linon vegetable welcomed by consumers in major supermarkets in Hong Kong, Guangdong and Fujian, which are seen to funding role, see capital can play positive social effects. & nbsp; & nbsp; & nbsp; in fact, will do a fund success, to find a good combination of points is very important. Over the past four years, we are very lucky, because a large development environment provides us the possibility and opportunity. But four years of experience, for an investment home is also too short for a fund is also too pale. For investors who enter the investment field longer, more abundant accumulation of experience, the ability to control risk will be stronger. As for the fund is concerned, the same is true. Sequoia can finish the year of twenty others the way to go in four years it? Certainly not, so we need time to improve ourselves. Now, Sequoia Capital has invested in more than 50 companies nearly so fast forward a good place, but there are bad places. That is, in fast forward, we may ignore a lot of other things, and that we need to fill in the future. In the past four years, thanks to the cooperation with our partners in the United States, they are 30 years of historical precipitation gave us a lot of help. But Ruth go step by step, we can not put someone three years through the road, completed within a year. Investment is also a culture, need to accumulate cultural heritage, and we are exploring with Chinese cultural characteristics, mature, long-term investment in the road, it takes time to appear. I believe that after four or five years, our investment will certainly be better, as Sequoia Capital, the word stick, the "next investment is the best investment." From a shorter time perspective, I think the investment situation next year will be better than this year, which is not reflected in a particular project, but reflected in our investment philosophy, investment experience and investment precipitation. Of course, to achieve this short-term goal requires our joint efforts, we need to enterprises, entrepreneurs have more observation and a deeper understanding.Again this year, London Fashion Week is a wonderful shoe foot. There are some different feelings about the British style. With a large number of in North America and China; Air Jordan upper feet, the tide pioneers in London seem to pay more attention to the expression of personality and the overall effect of the wear.soar Nike KD 8 wear the same soar "Perseverance" color, is the occasion! noble scarlet, gorgeous plum tongue, imposing and arrogant! , don't wear it for new year's wear. What else do you want to wear? You say!!! 2016-2-7 upload and download attachments at 22:46 (63.87, KB) 2016-2-7 upload and download attachments at 22:46 (176.18, KB) 2016-2-7 upload and download attachments at 22:46 (65.41, KB) 2016-2-7 upload and download attachments at 22:46 (168.1, KB) we have just to bring the Pigalle X NIKE signed a series of spy photos, now the joint series of formal exposure, the two sides in the shoes still chose Air Force 1 as the design blueprint, with street basket copper black shoes with the launch of the main tone, in addition to two the level of help AF1 will also include the corresponding team clothes, the series can be seen in the basketball theme that runs through them. With Pigalle mastermind Stephane Ashpool revealed that they were keen on basketball, also once became Paris's occupation player. Pigalle X NIKE joint products really make people look forward to, there is no sale information. ;