BBC on Nostr: Does Chinese investment benefit or damage Ireland? ========== Irish Minister Dara ...
Does Chinese investment benefit or damage Ireland?
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Irish Minister Dara Calleary celebrated Huawei's 20 years in Ireland; 25 Chinese companies operated in Ireland in 2020, increasing to 40 by 2023; Critics link Chinese firms to human rights abuses, citing Shein's child labor admission; Huawei contributes €800m annually to Ireland's economy; WuXi Biologics invested over €1bn in Dundalk since 2018; US House passed a bill restricting US firms' work with WuXi; Irish unemployment was 4.3% in August 2024; Economists argue Ireland's reliance on foreign direct investment (FDI) is too high; Ireland's corporation tax rate is 12.5%, lower than UK's 25%; EU rules should discourage Chinese FDI; Irish government supports common EU approach to China; Economists see Chinese investment as insurance against US firms pulling out; Ireland faces competition from other European countries for US investments; European Court of Justice ruled Apple must pay Ireland €13bn in unpaid taxes.
#ChineseInvestment #Ireland #Huawei #WuxiBiologics #Shein #Fdi #Economy #HumanRights #CorporationTax #Eu
https://www.bbc.com/news/articles/cj9je2wnveko
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Irish Minister Dara Calleary celebrated Huawei's 20 years in Ireland; 25 Chinese companies operated in Ireland in 2020, increasing to 40 by 2023; Critics link Chinese firms to human rights abuses, citing Shein's child labor admission; Huawei contributes €800m annually to Ireland's economy; WuXi Biologics invested over €1bn in Dundalk since 2018; US House passed a bill restricting US firms' work with WuXi; Irish unemployment was 4.3% in August 2024; Economists argue Ireland's reliance on foreign direct investment (FDI) is too high; Ireland's corporation tax rate is 12.5%, lower than UK's 25%; EU rules should discourage Chinese FDI; Irish government supports common EU approach to China; Economists see Chinese investment as insurance against US firms pulling out; Ireland faces competition from other European countries for US investments; European Court of Justice ruled Apple must pay Ireland €13bn in unpaid taxes.
#ChineseInvestment #Ireland #Huawei #WuxiBiologics #Shein #Fdi #Economy #HumanRights #CorporationTax #Eu
https://www.bbc.com/news/articles/cj9je2wnveko