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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China says it will chase foreign investors who flee debt AFP - 1 hour 51 minutes ago BEIJING (AFP) - - China will track down foreign investors who flee the country leaving debts and other liabilities behind, and may even ask for their extradition, the government said. People who leave without paying their dues have caused "heavy economic losses to Chinese stakeholders" and had a "negative impact on social stability", the government said in a statement over the weekend. Beijing will work through diplomatic channels to seek the return to China those who have left to escape huge taxes, said the statement, posted on the central government's website. The statement was vague about who might be targeted, but it also seemed to cover businesspeople who leave failed companies. Beijing is increasingly concerned about business closedowns, as hundreds of thousands of migrant workers become jobless after factories in the coastal areas go bankrupt with exports falling amid the world economic crisis. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China says firms can reduce social security payments: state mediaAFP - 34 minutes ago Taiwan dollar down sharply on foreign funds, stocksReuters - 54 minutes ago China says it will chase foreign investors who flee debtAFP - 1 hour 51 minutes ago Most Asian markets fall on gloomy economic outlookAP - 1 hour 54 minutes ago Related Articles: Business Ireland unveils euro5.5 billion bank bailoutAP - 27 minutes ago Russian rouble weakens vs dlr/euro basketReuters - 30 minutes ago Asian markets lower amid bleak global economic outlookAFP - 32 minutes ago China says firms can reduce social security payments: state mediaAFP - 34 minutes ago Takeda starts Japan Phase III trials for obesity drugReuters - 35 minutes ago Enlarge Photo China says it will chase foreign investors who flee debt Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Global economy seen sinking into 'severe' 2009 recession: report Let poor eat caviar: Milan authorities New Year's hangover? Take two eels and call me in the morning Actress Jennifer Aniston appears naked in GQ magazine Putin warns against any attempt to destabilize Russia View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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