China’s foreign businesses face unprecedented difficulties, uncertainties amid strict lockdowns


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China's foreign firms are struggling to survive due to unprecedented difficulties and uncertainties amid strict COVID-19 lockdowns in the country. Kandy Wong and He Huifeng, writing in The Star said that even in one of China's most economically dynamic regions - the Greater Bay Area - several foreign firms that are intent on maintaining a presence in the country continue to put off expansion plans or have begun scaling back operations, according to business insiders and representatives. This comes after more than two years of strict and sometimes unscientific coronavirus controls, supply-chain problems, and a deterioration in bilateral relations with...