thewirechina.com
How China’s offshore companies are registered, and what purpose they serve, has long been misunderstood by analysts and economists. But documents in the Pandora Papers, the offshore documents that were released this weekend by the International Consortium of Investigative Journalists, help shed light on the evolution of the VIE structure, the emergence of China as the most prolific creator of offshore firms, and perhaps most importantly, how the Chinese Communist Party came to rely on them.
over 3 years ago