“As the global trade share for countries with effective single-party states has risen, so has the number of companies involved in such trade that are state-owned and controlled. This has led to an increasing number of situations where state-owned companies can avoid liability for debts due to private firms. As things stand, nations cannot be sued in other nations’ courts and there is a grey area over the status of state-owned enterprises. More Chinese state-owned firms are now hiding behind the skirts of the government.
China has not only increased its cost of business through tax and the regulatory environment, it is also prepared to flex the muscles of the Communist to its advantage, and is increasingly doing so.”
Full story from The Telegraph here: China’s ‘foreign friends’ must pay the Communist price.