A Warning to Clean Energy Companies Eyeing China's Markets
source: http://solveclimate.com/blog/20100208/warning-clean-energy-companies-eyeing-chinas-markets
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China passed a retroactive look-through provision that effectively changed the rules for foreign investment structures in China. The measure, known as Circular 698, in and of itself is relatively innocuous. It highlights an oft misunderstood Chinese business sensitivity in China’s central economic planning: China for Chinese business only.
As China carries forward its strategy to adapt to and mitigate climate change, foreign owned clean technology businesses need to be aware of China’s position.
Circular 698 makes certain that all businesses doing business in China pay tax to the government; or restated: A portion of all revenue earned on the backs of Chinese citizens benefits Chinese citizens. ...
http://solveclimate.com/blog/20100208/warning-clean-energy-companies-eyeing-chin...
As China carries forward its strategy to adapt to and mitigate climate change, foreign owned clean technology businesses need to be aware of China’s position.
Circular 698 makes certain that all businesses doing business in China pay tax to the government; or restated: A portion of all revenue earned on the backs of Chinese citizens benefits Chinese citizens. ...
http://solveclimate.com/blog/20100208/warning-clean-energy-companies-eyeing-chin...
