Why getting money into China is as tough as getting it out
With reports Beijing will put in place contingencies to counter US tax cuts that could stymie foreign direct investment, treasurers lament that getting money into China is still fraught with problems
News of US tax reforms is, for China, the breathy sound of liquidity whirling down a fiscal plughole. A more attractive tax environment in the United States, backed by lower energy costs, raises the spectre that US-backed enterprises in China will rush home.
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