Until now, the U.S.-China policy has been driven by a blend of engagement and balancing. The Obama administration’s concentration on ‘engagement’ has done nothing to halt Beijing’s military build-up. The next administration should work towards bolstering the ‘balancing’ half of Washington’s strategic equation.
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With the introduction of new legal entities, domestic and foreign investors can now co-invest in one enterprise. The 25 % corporate income tax has theoretically been eliminated, therefore offering the prospect of substantial tax savings.
Foreign investors in China can benefit from setting up Wholly Foreign-Owned Enterprises (WFOEs) and Foreign-Invested Commercial Enterprises (FICEs) to start businesses in trade and the service industry.
Recent events shows that even though China's leadership has evolved and political knowledge among chinese masses has grown, the path to power in China is still dominated by revolutionary political divisions.
China’s Outbound Direct Investment(ODI) has reached commercially and geo-economically significant levels and begun to challenge international investments by other countries. Local provincial companies of China are among the fastest growing area in outward investment.
The emerging BRICS economies agree that the West should hold less sway in the global economy. But their leaders, despite regular summits, have failed to articulate a coherent vision because of divergent interests, says journalist Martin Wolf.
The development similarities between China and India are strikingly similar, argues Chris Devonshire-Ellis. Twenty years ago, China faced challenges and difficulties but also offered oppurtunities and profits. Similarly India offers much of the same now.
It is time to dust off those preconceived notions about India as dirty and poverty stricken. Investing in India makes a sound Asia-strategic sense when coupled with China.
Alongside the 2012 BRICS Summit in Delhi, this special publication is a collection of articles that addresses important issues of the global agenda, the priorities of BRICS, the policies and competitive advantages of the participants, as well as BRICS institutionalization.
China seems to want the yuan to dethrone the dollar as the global reserve currency. But don’t expect China’s currency to take over anytime soon. The yuan will rise, but far slower than predicted, and Beijing’s puzzling efforts to help it along reveal flaws in the government’s divided and incremental approach.