Relevant and even prescient commentary on news, politics and the economy.

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Letter from an angry reader

…WTO: Countries must have environment and labor standards. Countries cannot have a two-tiered taxation system—one for indigenous and one for foreign firms. All must be equal. No advantages to foreign

Beyond tax cuts and stimulus

…and slightly editied for readability): Most importantly, foreign capital now plays a leading role in the Chinese economy, especially in manufacturing.7 Its activity has transformed China into an export-driven economy:…