The New Trend for Chinese Companies — Dropping China
Some of China's fastest-growing companies are doing their best to portray themselves as coming from somewhere else.
A worker makes clothes at a garment factory that supplies SHEIN in Guangdong province on July 18, 2022. Credit: Jade Gao/AFP via Getty Images
When is a Chinese company not a Chinese company? Some of China’s most dynamic firms are distancing themselves from the world’s second-largest economy, after finding themselves subject to unwelcome scrutiny over their origins.
Popular fast fashion brand Shein relocated its headquarters to Singapore in 2021. In April, it deregistered its original parent company in Nanjing. E-commerce platform Temu has been headquartered in Boston since its launch last September, while its parent compa
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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