China's appeal belies business exodus: China Daily editorial chinadaily.com.cn | Updated: 2024-07-24 20:28

China's appeal belies business exodus: China Daily editorial chinadaily.com.cn | Updated: 2024-07-24 20:28 https://www.chinadaily.com.cn/a/202407/24/WS66a0f377a31095c51c50fbe1.html Given the rising geopolitical tensions between China and the United States, and the "de-risking" strategy being pushed ahead by some Western countries to reduce dependence on China in terms of technologies and trade, it is not surprising that reports about foreign businesses cutting investment or shifting production out of China should have emerged. Or that such news is often cited by those who are hostile to China as evidence for what they believe is the country's diminishing economic potential and gloomy future.