Monday, December 26, 2016

Chinese To Curb Outflow Of Manufacturing.....To The U.S.

More taxation reform will stop capital flight

That China's largest automobile glass-maker Fuyao Group will invest $600 million to build a 2,000-worker factory in Moraine, Ohio, should set off alarm bells, prompting the Chinese government to lower taxes and operational costs for manufacturing industries to prevent the drain of Chinese capital and jobs. Responding to the criticisms against his investment abroad in a…