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A Fallacy about the Requirements for Keeping Hi-Tech Status

Stressed young woman checking bills, tax and calculating expenses at home

Background A multinational group headquartered in Europe (“EU Co”) owns a Foreign-Invested Enterprises in Mainland China, FIE 1, which in turn holds 100% equity interest in FIE 2. FIE 2 mainly purchases raw material from local suppliers, manufactures machines, and sells to FIE 1 who then sells to corporate clients. FIE 2 is certified as […]