More than 10 years have passed, more and more Chinese companies, Sino-foreign joint ventures (JV) and wholly foreign-owned enterprises (WFOE) are adopting such an approach: raw materials from abroad, the products sold abroad.
This time, we gradually found that in an industry value chain, foreign companies took away majority of the profits, while Chinese companies only get a minimum, i.e. the meagre processing fees. More seriously, we are starting to taste the bitter fruit of environmental pollution. Chinese companies are getting into a double whammy situation: earning the least, and polluting the most. ...
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