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Media Report
May 18 , 2016
  • The Washington Post：China criticizes US steel anti-dumping measures
    The Washington Post reports: "China has criticized U.S. anti-dumping penalties imposed on Chinese steel amid mounting complaints Beijing is exporting at improperly low prices to clear a backlog at home....Beijing faces mounting criticism from the United States and Europe over a flood of low-cost steel that Western governments complain hurts their producers and threatens thousands of jobs....Chinese government plans call for stepping up exports and shifting some operations abroad. The Cabinet approved measures in April to support steel exports with tax rebates and bank loans....The Commerce Ministry complained regulators engaged in 'unfair practices' and improperly hampered the ability of Chinese companies to defend themselves but gave no details."
  • Reuters：Tight security in Hong Kong as top-ranked Chinese leader attends summit
    Reuters reports: "Thousands of police were deployed across Hong Kong on Wednesday as a top-ranked Beijing official addressed an economic summit, with tensions high amid calls for greater autonomy in the Chinese-ruled city or even independence from the mainland. Zhang Dejiang arrived on Tuesday for a rare visit in the former British colony and pledged to listen to residents' concerns about the city's relationship with China, an issue that has ignited fierce debate in the Asian financial center. Plainclothes and uniformed police were on alert close to parts of the city that were crippled by pro-democracy protests in late 2014. Those protests presented Beijing with one of its greatest political challenges in decades." 
  • The Wall Street Journal：China Plans to Get Tough on Corporate Tax Evasion
    The Wall Street Journal reports: "China is joining an international effort to tackle tax evasion, with plans to require multinationals to disclose more detailed information on their overseas affiliates, according to taxation consultants who advised the government on the new rules...The measures could be announced as early as this month, said two advisers. For companies that have made deals in so-called tax havens, the new rules would significantly raise the odds of penalties, said Travis Qiu, a partner of Ernst & Young (China) Advisory Ltd. in Shanghai....Mr. Qiu said he would advise companies using tax havens 'to adopt immediate remedy measures as there is a possibility that not one but several [countries'] taxation authorities may go after them.'"
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