• Louis Carlozo
    Louis Carlozo

    Louis Carlozo

    • United States of America
    • Business & Finance Journalism
    • U.S. News & World Report

    Louis Carlozo replied 24th May '16:

    It depends. The addition of a brand new value-added tax either means a revenue bonanza, or a sign the Chinese government is suffering due to a lagging economy--and thus lack of revenue dollars. China's economy needs to mature: It can't undercut the market in clothing, for example, as U.S. companies are now setting up shop in Vietnam, Cambodia and other places where labor is even cheaper. Still, China's a juggernaut and there's no chance its export revenue will collapse anytime soon.


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