Industry and Manufacturing in China and India Excerpt: As the world has become increasingly interconnected in recent decades few countries have taken more advantage or made a bigger impact than manufacturing in China and India. Having been dubbed the “Chinese Dragon” and “Indian Elephant” respectively, reflecting the size of this...
Value Added Tax and its Implementation in China Excerpt: VAT is a central part of China’s tax policy as it accounts for 60% of its total annual tax revenue and has been part of the Chinese system for over 30 years now. This paper will more closely examine the mechanics...
The Impact and Implications of the Financial Crisis on Trade in the United States and China Excerpt:America's subprime mortgage crisis started off a massive butterfly effect around the world, triggering a global financial hurricane. Markets everywhere were affected, with serious implications for export oriented economies such as China. Entering the...
China's Export Tax Rebate Policy Excerpt: Since 1994, the Chinese government has pursued an intricate 'China's export tax rebate policy' in order to calibrate growth in specific sectors of its economy. Simply put, those sectors the government wanted to grow would receive higher tax rebates, whereas the sectors the government...
Investigation into the Debate over RMB Revaluation Excerpt:The accusation that the Chinese government has kept the value of the RMB artificially low has become a topic of much contention, particularly as countries around the world seek to rebuild their economies. For the United States (and the EU to an increasing...