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A once-unthinkable threat is looming massive for China’s know-how corporations: the legitimacy of a authorized company construction that permits them to take cash from international traders.The so-called variable curiosity entity (VIE) construction has been in place for 20 years, and it’s the centrepiece underlying China’s tech sector increase – American enterprise capitalists are capable of skirt Chinese language regulatory restrictions to revenue from companies in China, whereas Chinese language entrepreneurs can use international cash to engineer…
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