Yiwu - What's the tax rates in China, for individuals and businesses? By the way, there are more funny gibberish in that link:
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<< "The right system and environment count the most in any economic development."
I agree, and Socialism With Chinese Characteristics is working very well, thank you very much.
"Excessive political interference is the mother of all problems to economic progress and human endeavours."
I also agree. But what is "excessive"? The distortion of free trade through hundreds of billions of dollars in protectionist duties and subsidies are not excessive?
You can't have it both ways.>>
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<< He Jin, stop babbling about GDP which is something that you obviously don't understand much about.If the total goods and services produced by 25 people in Taiwan in one year amounted to $10,000, on a per capita basis, each person would get $400. Similarly, if 325 people in China produced $100,000's worth ("economy of scale"), each person would get $307. Now, who has more money in his pocket? How large a population in a country does not matter. What matters most is the country's economic system and government policies to harness the people's will power and incentive to produce. The right system and environment count the most in any economic development. Excessive political interference is the mother of all problems to economic progress and human endeavours. >>
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<< World's second largest market for what ?
US is the world's largest market for toxic drugs, cocaine, heroin, marijuana, amphetamine, you name it. US is also the world's largest market for hand-held weapons such as pistols etc. since almost everyone can buy a gun anytime. Those zombie Americans love to shoot and kill. Japan is the world's largest market for porno stuff, those horny Japs!>>
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<<You forgot one thing, MA, and that is the power of the sovereign govt. to tax. Yes, every single dollar of FDI planted in China, and every single dollar of income made in the China market, will be subject to taxation, with the proceeds to benefit the Chinese society.
It is a beautiful thing, to see all that revenue going to great use.
And the foreigners are forewarned that there will be equal treatment before the law, if they evade taxes. McDonalds has already been warned that it is a crime not to give cash register receipts. >>
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