US tax reform or damage to the interests of small and medium enterprises in Chin

The US Republican Party announced earlier the tax reform program, which proposed to corporate income tax from the current 35% to 20%. US President Trump expressed support for the program. "We will drastically reduce corporate taxes and allow US companies and American workers to beat foreign rivals," he said.

Kent Deng, a professor of economics at the London School of Economics and Political Science, argues that the tax reform program will benefit US companies and US investors, but they may harm the interests of Chinese SMEs. "Most of China's small and medium-sized products are only exported to a US country, so they will not benefit from tax cuts," he said.

"I do not think China will be eager to reduce its corporate tax," he said, adding that "tax reform may also encourage US companies to stay in their home country."

Oxford Analytica analyst Vanessa Rossi (Vanessa Rossi) pointed out that the level of corporate income tax can not be directly through the surface figures to compare. "In Europe, it is often unfounded that Irish corporate income tax is lower than Germany, but in fact German companies often pay less taxes because there are a lot of pre - tax deductions," she explained in Ireland and Germany.

Rossi pointed out that the comparison of US and Chinese corporate tax also need to take into account other factors. "I do not think the US measures to reduce corporate income tax will have a huge impact on Chinese companies," she added.