Ok, the story so far. President Obama believes that increased taxes and government spending will stimulate the economy. He eschews private sector spending in favor of the "targeted" approach that government provides.
The Chinese, however, believe that cutting taxes will stimulate their economy. Looks like it is working.
Amazing when GM can increase market share in China, while losing it here.
The Chinese, however, believe that cutting taxes will stimulate their economy. Looks like it is working.
Amazing when GM can increase market share in China, while losing it here.
GM, the biggest overseas automaker in China, raised its forecast for the nation’s market growth this year to a range of between 5 percent and 10 percent from an earlier prediction of less than 3 percent, GM Asia-Pacific President Nick Reilly, said last week.
So, cutting taxes in China leads to increased auto sales, which lead to increased jobs. I wonder if this approach would work here?
