New Economy Forum
China's Tech Boom at Risk Over Muddled Tax Hike Proposals
- Amid tax policy qualms, local funds slow investment in China
- Non-PRC domicile individuals staying 183 days face global levy
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The venture capitalists of China are starting to get nervous.
Venture investments have driven a boom in technology startups over the past five years, but funding has started to slow in recent months. Now the government is floating new tax policies that could hammer investors, persuading some to pull back on cutting deals until they get more clarity.