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
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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 media are filled with stories about the stunning success of Horgos, the youngest city of China's new Silk Road. Last month at China's Belt and Road Summit - its biggest diplomatic event of the year - promotional videos about Horgos' booming economy ran on a loop at the press centre.
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