China says it will chase foreign investors who flee debtChina will track down foreign investors who flee the country leaving debts and other liabilities other liabilities Small and relatively insignificant liabilities. For financial reporting purposes, firms often combine small liabilities into this single category rather than listing each liability separately. behind, and may even ask for their extradition extradition (ĕkstrədĭsh`ən), delivery of a person, suspected or convicted of a crime, by the state where he has taken refuge to the state that asserts jurisdiction over him. , the government said. People who leave without paying their dues have caused "heavy economic losses to Chinese stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. " 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 A migrant worker is someone who regularly works away from home, if they even have a home.[] Although the United Nations' use of this term overlaps with 'foreign worker', the use of the term within the United States is more specific. become jobless job·less adj. 1. Having no job. 2. Of or relating to those who have no jobs. n. (used with a pl. verb) Unemployed people considered as a group. Used with the. after factories in the coastal areas go bankrupt with exports falling amid the world economic crisis.
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