Move on 'foreign investors' tax breaks is shutting a Hong Kong loophole

Let's start by putting this hit-the-foreigners element of Beijing's latest tax initiative into perspective. The share of foreign-invested enterprises in the mainland's exports rose from less than 30 per cent 20 years ago to almost 60 per cent in 2006 and has now declined again to about 50 per cent.

via Business feed http://www.scmp.com/business/article/1149716/move-foreign-investors-tax-breaks-shutting-hong-kong-loophole