The figure is an area chart titled “Chinese Share of Total Equity Outstanding in Tax Havens.” The y-axis ranges from zero to 60 percent, and the x-axis covers the years 2002 to 2020. In 2002, the Chinese share of equity outstanding was 1.7 percent, 3.4 percent, and 0.3 percent in the Cayman Islands, Bermuda, and other tax havens, respectively. In 2020, the respective shares were 52.5 percent, 3.4 percent, and 0.5 percent.