Date
20 September 2017

Li Ka-shing rosy on Europe recovery, website reports

Tycoon Li Ka-shing said encouraging economic indicators have made him upbeat about Europe’s economic recovery but he remains cautiously optimistic about his business on the continent, news website caixin.com reported Wednesday. Li said income from Europe during 2013 was higher than that for 2012, and the trend will continue this year. But Li brushed off suggestions that France is an ideal operating environment for his business empire, saying France has the highest tax rates of all European countries and is reluctant to let its currency fall in times of economic hardship, the report said.

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EL/AC/SK

 

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