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Showing posts with label china. Show all posts
Showing posts with label china. Show all posts
Saturday, May 11, 2013
Saturday, January 7, 2012
Chinese airlines warn they will refuse to pay EU carbon tax
China's four major airlines – national flag-carrier Air China, China Eastern Airlines, China southern Airlines and Hainan Airlines – are represented by the CATA Photo: Doug Kanter/Bloomberg
Beijing said it has deep concerns over the EU's Emissions Trading Scheme (ETS), which came into force on New year's Day and demands all airlines pay a green duty to offset carbon emissions.
"China opposes the European Union's unilateral legislation. China has expressed to the EU our deep concern and opposition many times on a bilateral level," Chinese Foreign Ministry spokesman Hong Lei said.
Mr Hong urged Brussels to hold urgent talks with Beijing over the controversial carbon allowance scheme, which has also met strong opposition from other countries.
The China Air Transport Association was more militant in its response – declaring its members would not co-operate with the ETS and refuse to pay the added tax.
It also said it would seek legal action and try and attempt to form an international alliance to scrap the scheme.
Monday, May 16, 2011
Chinese Buyers Make Vancouver Homes Pricier Than NYC
Pricier Than New York
In 2010, Vancouver had the third-highest housing costs among English-speaking cities worldwide, according to Canada’s Frontier Centre for Public Policy. Only Hong Kong and Sydney, another magnet of Asian immigration, were more expensive. Vancouver’s median home price of C$602,000 ($618,000) was 9.5 times the annual median household income of C$63,100, the group said in a study released Jan. 24. Canada had a 4.6 national multiple, making it “seriously unaffordable,” while the U.S. at 3.3 was “moderately unaffordable,” the study showed. To be affordable, the multiple must be 3 or less.
Vancouver was more expensive than San Francisco, London and New York by that measure, the Winnipeg-based center said.
“This makes it all the more difficult for people who are already struggling to get into the market or businesses who can’t hire people to come here because of the high housing prices,” said Peter Ladner, a former Vancouver city councillor and a columnist for the Business in Vancouver weekly newspaper. “There are a lot of people who are really frustrated.”
Unlike London or New York, “we don’t have enough jobs with high incomes to justify” the home prices, said Ladner. He noted Australia has placed restrictions on foreign home ownership. The British Columbia government also could consider an increase in property transfer taxes for foreigners, he said.
In 2010, Vancouver had the third-highest housing costs among English-speaking cities worldwide, according to Canada’s Frontier Centre for Public Policy. Only Hong Kong and Sydney, another magnet of Asian immigration, were more expensive. Vancouver’s median home price of C$602,000 ($618,000) was 9.5 times the annual median household income of C$63,100, the group said in a study released Jan. 24. Canada had a 4.6 national multiple, making it “seriously unaffordable,” while the U.S. at 3.3 was “moderately unaffordable,” the study showed. To be affordable, the multiple must be 3 or less.
Vancouver was more expensive than San Francisco, London and New York by that measure, the Winnipeg-based center said.
“This makes it all the more difficult for people who are already struggling to get into the market or businesses who can’t hire people to come here because of the high housing prices,” said Peter Ladner, a former Vancouver city councillor and a columnist for the Business in Vancouver weekly newspaper. “There are a lot of people who are really frustrated.”
Unlike London or New York, “we don’t have enough jobs with high incomes to justify” the home prices, said Ladner. He noted Australia has placed restrictions on foreign home ownership. The British Columbia government also could consider an increase in property transfer taxes for foreigners, he said.
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