Policy Reversals Mark Xi’s Impulsive Command


Policy Reversals Mark Xi’s Impulsive Command
By Andrew Browne
The Wall Street Journal Europe
Jun 24 2015

SHANGHAI—For financially distressed local governments across China, Beijing’s recent Circular No. 62 landed as a bolt from the blue. It instructed them to unwind tax and other incentives that made it worthwhile for foreign businesses to locate to…read more…

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