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Thursday, December 22, 2016

China tycoon moves jobs to USA, citing high taxes at home

https://www.yahoo.com/news/china-tycoon-moves-jobs-us-citing-high-taxes-093204655--finance.html

The phrase “Cao Dewang has escaped” became a hot topic, generating nearly 10 million views on the Twitter-like Weibo microblog and many comments urging China to “not let Cao Dewang run away”.
Cao’s Fuyao Glass Industry Group — a supplier to big names including Volkswagen and General Motors — claims to be the biggest exporter of auto glass in the world, reporting 2.6 billion yuan ($370 million) profits last year.
Cao defended himself in an interview with the Beijing News Wednesday, saying he “did not run and will not run. The centre of my business is in China because I’m Chinese”.

Trump was correct in saying he will be the greatest jobs creating president ever...

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