CHINA-ECONOMY: MOSSACK FONSECA

 Mossack Fonseca is known in Beijing and has seven offices in China -- the largest number it has in any country. It has arranged investment conferences with the PRC's Commerce Ministry and its official think tank, the Chinese Academy of International Trade and Economic Cooperation (CAITEC). As recently as 2014, Chinese government agencies invited Mossack Fonseca representatives to address companies on how offshoring could be used by Chinese firms as part of the country's strategy for domestic enterprises to seek markets and acquisitions abroad. When it first entered the mainland, Mossack Fonseca offered free consulting services to law and accounting firms, government offices and others to educate them about the benefits of offshoring, Zhang Xiaodong told the China Economic Weekly in 2007.The company claimed: "We are actively assisting Chinese private and state-owned firms' march into the international market.

(Comment: Zhang Xiaodong was described as a partner in the company's Asia office by the China Economic Weekly, which is owned by the People's Daily group.)
 






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