With China moving from an export-driven economy to one that encourages domestic consumption, the traditional processing trade regime which has served China well in past decade is due for upgrading and modernisation. Such policy changes will bring both risks and opportunities to businesses. Alex Capri, Melsson Yang and Cheng Dong investigate.
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Belt and Road Initiative countries face tax incentive conundrums due to pillar two, but relatively few countries would seek to scrap the project, ITR has heard