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European Parliamentarian On China Trade Relations

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China should introduce policies to hedge against the possible impact of a global minimum corporate tax rate of 15% agreed by G7 countries if enacted, as it may reshape the global industrial and supply chain, said the 21st Century Business Herald in a commentary. Developing countries rely on cutting taxes to attract foreign investment, and multinational companies may be less willing to spread out their production capacities globally once the global minimum tax is introduced, the newspaper said.