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China phenomenon
15.01.2025 |
That's exciting, China. They're the ones who grow rice, they built the wall. And there's the China phenomenon. Companies from high-tax countries take production to countries with cheap labor. The European phenomenon is when cheap labor is taken to countries with high taxes. That's exciting. High living standards and low taxes never meet. They're always on their way to each other.
- Pekka Routalempi from the Pasila animation
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