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It is also working on reducing taxes and unifying income tax rates.
- Economical: In the past decade, China is performing a strong economic growth; it is now the most desired country for FDI due to its cheap and large size of labour force. On the other hand, consecutive interest rate rise in the US results in the forecast slowdown of the US economy. As for Eurozone, the likelihood of a stronger Euro also point to a reduction of economic growth in 2007. The rising energy price may also be a key factor for the decelerating consumer spending growth.
- Socio-cultural: Asia?¦s consumer spending power is growing; the percentage of spending growth is predicted to be catching up with the US & Europe...
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