You are here

China's Horgos: Silk Road hub or tax haven?

China's new border trade zone is less than what is touted, say prospective investors who recently visited the site

BT_20170606_CPSILK_2920876.jpg
On the Chinese side of the China-Kazakhstan Horgos International Border Cooperation Center are malls selling cheap consumer goods (above) while much of the Kazakh side remains empty. Meanwhile, Horgos - the youngest city of China's new Silk Road - is instead developing a reputation as China's very own tax haven.

BT_20170606_CPSILK_2920876.jpg
On the Chinese side of the China-Kazakhstan Horgos International Border Cooperation Center are malls selling cheap consumer goods while much of the Kazakh side (above) remains empty. Meanwhile, Horgos - the youngest city of China's new Silk Road - is instead developing a reputation as China's very own tax haven.

Khorgos, Kazakhstan

ON the border of China and Kazakhstan, an international free trade zone has become a showpiece of Chinese President Xi Jinping's signature "Belt and Road" Initiative to boost global trade and commerce by improving infrastructure and connectivity.

Chinese state

sentifi.com

Market voices on:

Powered by GET.comGetCom