China 'ends illegal tax breaks'
(BBC News)
China has agreed to end the granting of tax breaks to local manufacturers at the expense of U.S. and Mexican firms, according to US trade officials.
Under the deal, China will remove the subsidies that the U.S. claimed gave Chinese companies an unfair competitive advantage by the end of the year.
The move is a major breakthrough for U.S.-China trade relations which have been strained recently, analysts say.
It comes months after the U.S. filed a case on the issue at the WTO.
Canadian SME International Trade and Marketing - writings upon readings and continued curiousity in the realms of cross cultural business. Some of my opinions are not my own, but I would fancy to say nearly all of them should be credited to the various authors. Deming disciple. I stubbornly persist.
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