Cao Dewang, chairman of Fuyao Glass, says manufacturing businesses in China pay about 35 per cent more in taxes than their counterparts in the US. Photo: Simon Song

China’s ‘glass king’ shatters manufacturing wisdom with move to the US

After buying Ohio plant, Cao Dewang warns China is losing its traditional manufacturing advantage

Topic |   United States

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Cao Dewang, chairman of Fuyao Glass, says manufacturing businesses in China pay about 35 per cent more in taxes than their counterparts in the US. Photo: Simon Song
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