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China’s manufacturing industry is shaken because of Mr. Trump

China's manufacturing industry is shaken because of Mr. Trump 3

China’s manufacturing industry is shaken because of Mr. Trump

Views on tax cuts and measures to promote jobs in the US have unintentionally created a fierce debate in China, specifically about the future of the manufacturing industry.

Mr. Cao Dewang is the founder of Fuyao Glass, the world’s leading auto glass manufacturing company, specializing in supplying famous brands such as BMW and GM.

Mr. Cao Dewang is the founder of Fuyao Glass, the world’s leading auto glass manufacturing company, specializing in supplying famous brands such as BMW and GM.

Mr. Cao Dewang is the founder of Fuyao Glass, the world’s leading auto glass manufacturing company, specializing in supplying famous brands such as BMW and GM.

Mr. Cao Dewang is the founder of Fuyao Glass, the world’s leading auto glass manufacturing company, specializing in supplying famous brands such as BMW and GM.

At a recent economic conference, Chinese leaders promised many steps to support the real economy, through loans, reducing the tax burden… But it’s easier said than done.

Zong Qinghou – founder of Chinese beverage company Wahaha said at a recent forum that, according to his own estimates, fees and taxes for businesses this year are higher than before.

In response to Mr. Trump’s move, this businessman called on China’s leaders to effectively reduce taxes and fees, especially reforming the personal income tax regime.

In the current political climate in China, most of the country’s wealthy tycoons are reluctant to criticize government policies.

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