China’s foreign firms, struggling to survive, hunker down for whatever comes next
Greater Bay Area insiders say many multinational firms are scaling back plans in the southern business hub, but many will do all they can to maintain a China presence
Persistent zero-Covid restrictions, supply-chain upheavals and geopolitical conflicts have taken some of the shine off China’s appeal as a foreign investment destination
FULL ARTICLE: https://www.scmp.com/economy/china-economy/article/3191694/chinas-foreign-firms-struggling-survive-hunker-down-whatever