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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5726)	2/20/2006 12:30:43 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

The latest statistics showed 83% of ALL China's trade surplus are from the Foreign companies' own exports (from China). And let's also NOT forget that ALL foreign companies in China, whether they are solely foreign-owned or JVs, have preferential tax treatment. They ONLY pays 11% tax vs. 22% paid by Chinese-owned companies. Thus, the stupid tax and trade policies of China have resulted in double edged-sword for China itself, losing revenue for the gov., while taking the blame for the trade surplus brought by the foreign companies. China has sold themselves for nothing, while still counting money for foreign companies happily! In other words, China has prostituted itself without even getting paid! All those >$1 trillion trade volume brings only thousands of sweatshops which do NOT even pay living salary; beautiful GDP numbers (Chinese now nickname GDP as "Chicken's fart<g>" because those three letters have similar pronunciation as those three Chinese characters); heavy pollution, and the heavy drain of the natural resources which belong to next generations of Chinese.