欢迎扫描下方二维码关注： i 为了合理利用土地资源,加强土地管理,保护耕地, 我国制定《中华人民共和国耕地占用税法》，自2019年 9月1日起施行。 在中华人民共和国境内占用耕地建设建筑物、构筑 物或者从事非农业建设的单位和个人，为耕地占用税的 纳税人，应当依法缴纳耕地占用税。 占用耕地建设交通运输设施 需要缴纳耕地占用税吗? 需要，不过部分符合条件的交通 运输设施占用耕地可以享受耕地占 用税减征优惠。下面，我们一起来 了解一下相应的优惠政策吧! ? 耕地占用税减征规定 铁路线路 公路线路 飞机场跑道 k 航道占用耕地 停机坪 港口 减按每平方米二元 2 的税额 征收耕地占用税 水利工程占用耕地 | | 耕地占用税减税范围 | | | --- | --- | --- | | 交通运输 | 减税范围 | 不包括 | | 设施种类 | | | | 铁路线路 | 限于铁路路基、桥梁、涵洞、隧道及其按照規 占用耕地的,按照当地 定两侧留地、防火隔离带。 | 专用铁路和铁路专用线 适用税额缴纳耕地占用 | | | | 税。 | | | 限于经批准建设的国道、省道、县道、乡道和 属于农村公路的村道的主体工程以及两侧边 | ...

Core Viewpoint - The article discusses the potential sale of ports by Li Ka-shing to a consortium led by BlackRock and COSCO, highlighting the geopolitical implications of this transaction, particularly in the context of U.S.-China relations [3][4][10]. Group 1: Transaction Details - Li Ka-shing's Cheung Kong Group announced the sale of 43 ports across 23 countries for $22.8 billion (approximately 165.7 billion RMB) to a consortium including BlackRock and Mediterranean Shipping Company [4]. - The ports involved include strategically significant locations, such as those at both ends of the Panama Canal, which are crucial for East Asia's exports to the Americas [6][7]. Group 2: Geopolitical Implications - The sale of these ports to BlackRock, a firm closely tied to U.S. interests, raises concerns about the potential for the U.S. to gain control over strategic resources that could impact East Asia's foreign trade [10][12]. - The article suggests that this transaction is not merely a commercial decision but also reflects a broader geopolitical alignment, as Li Ka-shing has a history of actions that align with Western interests [11][13]. Group 3: COSCO's Position - BlackRock has expressed willingness to accept COSCO into the acquisition consortium, indicating a potential collaboration [2][14]. - COSCO has significant experience in port management and development, demonstrated by its successful turnaround of Greece's Piraeus Port and its involvement in the construction of Peru's Chancay Port [16][17]. - COSCO may opt to pursue independent acquisition or partner with domestic firms like China Merchants or CITIC, which possess both financial and operational capabilities [19][20]. Group 4: Strategic Choices for COSCO - COSCO has several strategic options: to acquire the ports independently, collaborate with domestic partners, or remain passive, thereby preventing BlackRock from gaining control [21]. - The article emphasizes that regardless of the outcome, the influence over the transaction has shifted from BlackRock to COSCO, reflecting a change in power dynamics [21][22].

Core Viewpoints - The report emphasizes that China's infrastructure sector is entering a "DeepSeek moment," driven by policy support and market demand, marking a significant opportunity for growth in the domestic infrastructure market [2][7]. - The report highlights the shift from traditional reliance on exports and investment to a focus on domestic demand, with infrastructure investment playing a crucial role in this structural adjustment [5][6]. Infrastructure Development Highlights - The commencement of the Yarlung Tsangpo River downstream hydropower project is noted as a strategic mega-project that will enhance China's clean energy supply and stimulate investment across various industries, including explosives, engineering machinery, and power equipment [3]. - The construction of the Hainan Free Trade Port is identified as a model for regional development and infrastructure upgrades, attracting significant capital and talent, with a focus on enhancing infrastructure in tourism and high-tech industries [3]. - Urban renewal initiatives are shifting focus from "incremental expansion" to "stock quality improvement," emphasizing the optimization and upgrading of existing urban spaces, which will drive growth in related industries such as building materials and smart devices [4]. Economic Transition and Infrastructure Investment - The report discusses the impact of global trade uncertainties and the need for China to pivot from being an "export factory" to an "internal demand engine," with infrastructure investment becoming increasingly important in this transition [5]. - It outlines the "second curve" of domestic demand, where infrastructure investment is seen as a new driver of growth, complementing traditional consumer spending [6]. - The construction of a unified national market is highlighted as a means to facilitate the efficient flow of resources, with infrastructure investment serving as a key platform for this integration [6]. Investment Logic - The report suggests a shift in focus from the quantity of infrastructure investment to the quality of investment, prioritizing strategic projects and addressing gaps in urban infrastructure [9][10]. - It recommends focusing on leading companies with high dividend yields, strong policy protection, and technological advantages, particularly in sectors benefiting from urban renewal and green infrastructure [11]. - The report identifies opportunities in new infrastructure sectors such as 5G, big data centers, and renewable energy projects, which are expected to see accelerated growth [10][11].

Core Insights - The "14th Five-Year Plan" has significantly advanced the construction of a strong transportation nation in China, with over 90% completion of the main framework of the national comprehensive transportation network [3][6]. Infrastructure Development - The railway operating mileage is expected to reach 162,000 kilometers by the end of 2024, an increase of approximately 16,000 kilometers from the end of the "13th Five-Year Plan" [3]. - The total length of highways will reach 5.49 million kilometers, increasing by about 290,000 kilometers [3]. - The navigable length of high-grade waterways will reach 17,600 kilometers, an increase of 1,600 kilometers [3]. - The number of port berths for vessels over 10,000 tons will increase to 2,971, up by 379 [3]. - The number of certified civil aviation transport airports will reach 263, an increase of 22 [3]. Transportation Usage - An average of approximately 180 million people travel across regions daily, transporting 160 million tons of goods and collecting 478 million express parcels [4]. - High-speed rail and civil aviation have become the preferred modes of rapid transportation, with high-speed train passenger volume reaching 3.272 billion, accounting for 75.9% of total railway passenger volume [7]. - Daily civil aviation services cater to 2 million passengers, with 40 airports handling over 10 million passengers annually [7]. Cost Savings - In 2024, logistics costs are expected to save over 400 billion yuan, with transportation costs reduced by approximately 280 billion yuan [5]. Rural Infrastructure - By the end of 2024, rural road mileage will reach 4.64 million kilometers, ensuring all approximately 30,000 townships and over 500,000 administrative villages have access to paved roads [11]. Commuting and Daily Travel - Daily commuting is supported by approximately 100 million people using urban rail transit, 100 million using buses, and 100 million using taxis or ride-hailing services [10]. - Self-driving has become the mainstream mode of inter-regional travel, with about 130 million people choosing this method daily, accounting for over 70% of inter-regional mobility [9]. Express Delivery - China has maintained the world's largest express delivery network, with an average of over 500 million parcels collected daily, reflecting efficient resource allocation [14].

Core Viewpoint - The situation regarding Li Ka-shing's sale of ports has seen a significant development, with BlackRock inviting China COSCO Shipping Group to participate in the acquisition of 43 ports, indicating a shift in dynamics [2][19]. Group 1: Transaction Background - Li Ka-shing's plan to sell 43 ports to BlackRock has faced considerable backlash, with accusations of selling strategic assets to foreign entities [7][8]. - The Hong Kong government, including current and former leaders, has expressed strong concerns about the transaction, emphasizing that any deal must comply with legal regulations [9][10]. - Li Ka-shing's son, Li Zeju, stated that proceeds from the sale would be reinvested in Hong Kong and mainland China, which was met with skepticism by the media [11][12]. Group 2: Government and Market Response - The Chinese government has indicated its intention to protect fair competition, confirming the involvement of state-owned enterprises in the transaction [4][5]. - The National Market Supervision Administration has announced that it will conduct a legal review of the sale, further complicating the deal for Li Ka-shing [10]. Group 3: Strategic Implications - The ports in question control 21% of China's shipping volume and are critical to national shipping security, making the sale a matter of national interest amid ongoing U.S.-China trade tensions [25]. - The potential sale has been characterized as a strategic move that aligns with U.S. efforts to decouple supply chains from China, raising concerns about the implications for national interests [25]. Group 4: Future Outlook - The involvement of COSCO in the acquisition process suggests a potential shift in the balance of power regarding the transaction, as the Chinese company holds significant leverage [20][21]. - The future of Li Ka-shing's assets remains uncertain, with indications that the era of his dominance in Hong Kong may be coming to an end [26].

Core Insights - The transportation sector in China is a crucial area for expanding domestic demand, stabilizing growth, and promoting employment, with significant investments and growth in key metrics observed in the first five months of the year [1][2]. Group 1: Transportation Metrics - In the first five months of the year, China's transportation industry completed a total freight volume of 230.8 billion tons, representing a year-on-year increase of 4.1% [1]. - The road freight volume reached 169.2 billion tons, up 4.3% year-on-year, while waterway freight volume was 40.4 billion tons, increasing by 4.5% [1]. - Port cargo throughput was 73.4 billion tons, with a year-on-year growth of 3.8%, and container throughput reached 14 million TEUs, marking a 7.4% increase [1]. - Cross-regional passenger flow amounted to 28.64 billion trips, reflecting a year-on-year increase of 4.7% [1]. Group 2: Fixed Asset Investment - A total of 1.2 trillion yuan was invested in fixed assets in the transportation sector from January to May, with road and waterway investments amounting to 860.7 billion yuan and 87 billion yuan, respectively [2][6]. - Major transportation projects are characterized by high individual investment, significant social impact, and strong driving effects, making them essential for economic stability and infrastructure modernization [2]. Group 3: Major Transportation Projects - A total of 83 major transportation projects are currently underway across 27 provinces and regions, with several projects reaching critical milestones in July [4]. - The G5612 Dali to Lincang expressway's first tunnel is set to be completed, enhancing connectivity in Yunnan province and supporting poverty alleviation and rural revitalization efforts [5]. - The Xiamen Third East Passage project is progressing with significant construction phases, including the completion of concrete pouring for the anchor [5]. - The Pinglu Canal project and various highway expansions are also scheduled for completion and commencement in July, indicating ongoing infrastructure development [6].

General Provisions - The company is established to protect the rights and interests of shareholders, employees, and creditors, in accordance with relevant laws and regulations [2][3] - The company is a joint-stock limited company approved by the State Council and registered in Beijing, with a unified social credit code [3] - The registered capital of the company is RMB 16,278,611,425 [3][6] Business Objectives and Scope - The company's business objective is to serve the transportation construction industry with integrity, quality returns, and continuous improvement, aiming to become a globally competitive enterprise [5][6] - The company is engaged in various construction projects, including ports, highways, bridges, and engineering consulting [6] Shares - The company's shares are issued in the form of stocks, with equal rights for each share of the same category [7][8] - The total number of shares issued by the company is 16,278,611,425, all of which are ordinary shares [8][9] - The company can issue preferred shares, which have priority in profit distribution but limited rights in decision-making [7][8] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, attend meetings, supervise operations, and transfer shares [16][17] - Shareholders must comply with laws and the company's articles of association, and they are liable for the company's debts only to the extent of their shareholdings [10][22] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for calling and conducting these meetings [26][28] - Shareholders holding more than 10% of shares can request a temporary meeting [28][29] - The company must provide legal opinions on the meeting's compliance with laws and regulations [31][32] Corporate Governance - The board of directors is responsible for the company's management and must act in the best interests of the company and its shareholders [20][21] - The company has established an audit and risk committee to oversee compliance and risk management [20][21] Financial Assistance and Guarantees - The company can provide financial assistance for acquiring its shares, but the total amount cannot exceed 10% of the issued capital [9][10] - Any external guarantees exceeding certain thresholds must be approved by the shareholders [25]

Group 1: National Infrastructure Investment Policy - The Peruvian government has officially introduced the "National Public Investment Policy Guidelines" to guide departments and local governments in expanding infrastructure investment and reducing regional disparities in infrastructure [1] - The latest regional competitiveness index indicates that infrastructure levels in areas outside of Lima and its surroundings are low, particularly in energy production, road traffic, tourism facilities, and communication networks [1] - The government previously launched the "2022-2025 National Sustainable Infrastructure Competitiveness Plan" in 2019, proposing investments in 72 projects across 10 sectors, with a total investment exceeding 180 billion Peruvian soles (approximately 50 billion USD) by July 2024 [1] Group 2: Private Sector Involvement - To encourage private capital in infrastructure, Peru implemented the "Work in Lieu of Tax" mechanism in 2008, allowing companies to offset taxes by executing public investment projects, significantly increasing private sector participation from 2 companies in 2009 to 107 in 2024, with a cumulative investment of 4.204 billion Peruvian soles [2] - The road network has been a significant shortcoming in Peru's infrastructure, with only 25% of roads paved in the early 1990s; however, from 2003 to 2023, Peru attracted 4.8 billion USD in private investment for the construction of 2,163 kilometers of national roads [2] Group 3: Telecommunications and Water Infrastructure - Peru is actively improving its telecommunications infrastructure, with 30 telecom operators and 1,096 service companies, and a total fiber optic network length of 13,500 kilometers; internet users grew by 33% and 46% for mobile and web users respectively from 2018 to 2023 [3] - There is a funding gap of up to 15 billion USD for water supply and sewage treatment infrastructure, prompting the government to simplify financing and management processes [3] - Chinese enterprises have been actively involved in Peru's infrastructure projects, such as the Garido Hospital benefiting over 100,000 residents and water projects in Lima addressing water issues for over 400,000 people [3]

Group 1 - The core viewpoint emphasizes that countries with a spirit of cooperation and strategic foresight will be key players in shaping the future economic landscape [1][3] - China's strong capabilities in manufacturing, infrastructure, and long-term financing, along with its commitment to free trade, position it as a stabilizing force in the global economy [1] - The Belt and Road Initiative proposed by China fosters cooperation through infrastructure projects, capacity collaboration, and sustainable funding, connecting production centers with export routes [1] Group 2 - The trade tensions initiated by the United States are expected to severely impact vulnerable economies, including many African nations, by increasing costs and disrupting infrastructure projects [2] - The integration of African economies into global value chains heightens their vulnerability to external shocks, necessitating a coordinated risk management framework to mitigate the effects of trade wars [2] - The World Trade Organization has historically served as an arbitrator for trade disputes, but its effectiveness is currently hindered by U.S. obstruction, which undermines trust and long-term investment [2] Group 3 - Economic resilience is derived from cooperation and structural reforms rather than protectionism, with the African Continental Free Trade Area being a step in the right direction [3] - African nations are deepening cooperation with countries like China, Brazil, India, and Russia in areas such as technology, education, and infrastructure, which provides greater policy space to counter economic threats from the U.S. [3] - Future economic recovery in Africa is anticipated to be achieved through enhanced collective resilience, shared innovation, and sustainable growth rather than economic fragmentation [3]

Group 1 - Li Ka-shing's company, CK Hutchison Holdings, initially planned to sell 43 ports to BlackRock, including two strategically important ports in the Panama Canal, which could strengthen U.S. leverage against China [2][4] - The sale was seen as a move to curry favor with the U.S. amid escalating U.S.-China tensions, particularly given the strategic significance of the ports for trade between China and the Americas [2][4] - Following the announcement, the Chinese government quickly initiated a review process to prevent the sale, indicating the ports' importance to national interests [6] Group 2 - A sudden shift occurred when the U.S. and China reached an agreement to lower tariffs to 10%, which was a significant concession from the U.S. side, previously imposing much higher tariffs [9][11] - The agreement was seen as a potential stabilizing factor for trade relations, with implications for other countries observing the U.S.-China dynamic [11] - The Chinese government's strong response to the initial sale proposal, coupled with the tariff agreement, led to Li Ka-shing's decision to abandon the port sale, reflecting a change in strategy [12][14] Group 3 - The Chinese government criticized the idea of selling the ports to the U.S., suggesting that such actions would be viewed unfavorably by the Chinese public and could be seen as capitulation [14][16] - The commentary from Chinese officials emphasized the need for businesses to resist external pressures and not to compromise national interests [16] - The overall situation illustrates the complex interplay between corporate decisions and national policy, particularly in the context of U.S.-China relations [16]