International Tax Risks and Chinese Enterprises
Over the past decade, China has seen a rapid growth of outward-bound direct investment and has now become the world’s fifth largest investor. Shuanghui International, a privately owned meat processing company headquartered in Luohe, Henan, China, made a successful acquisition of the world’s largest pork producer, Smithfield Foods Inc., at a price of USD 4.7 billion, attracting worldwide attention. In Britain, Chinese interest has been in water, trains, cars, and electricity enterprises.
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