An abridged and combined translation of the two-part series by He Qinglian published in VoA on Nov 15 and 18 respectively. -- translator note.
Overcapacity: “nuclear threat’ of the Chinese economy
The majority of industries in China faces severe overcapacity that seriously threatens the smooth function of the Chinese economy.
Beijing’s Interest in Offshore Tax Evasion Limited to Corrupt Officials
Source article in Chinese: 国际追税与追逃，北京态度如冰炭
Fifty-one countries signed the Multilateral Competent Authority Agreement in Berlin on Oct. 29 to fight offshore tax fraud and evasion. The agreement aims to put an end to banking secrecy by sharing tax-related information with member states.
Missing from the signatory list are the United States and China. China’s absence seems somewhat strange given its global “fox hunt” for corrupt officials who have fled the country.
Fifty-one countries signed the Multilateral Competent Authority Agreement in Berlin on Oct. 29 to fight offshore tax fraud and evasion. The agreement aims to put an end to banking secrecy by sharing tax-related information with member states.
Missing from the signatory list are the United States and China. China’s absence seems somewhat strange given its global “fox hunt” for corrupt officials who have fled the country.
China Is Poorer Than It Appears
Source article in Chinese: 中国：败絮其中的世界第一经济大国
Recently, the International Monetary Fund (IMF) announced that based on purchasing power parity (PPP) calculations, China’s 2014 gross domestic product (GDP) will be $17.6 trillion, surpassing the U.S. GDP of $17.4 trillion.
Recently, the International Monetary Fund (IMF) announced that based on purchasing power parity (PPP) calculations, China’s 2014 gross domestic product (GDP) will be $17.6 trillion, surpassing the U.S. GDP of $17.4 trillion.
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