Don't be fooled by the Chinese government's recent charm offensive towards foreign business.
With China’s economy continuing to face substantial headwinds in 2023, despite signs of stabilization over the last quarter, hopes have emerged that there will be a return to pragmatism in policy making. Over the summer Beijing introduced numerous measures to give more support to the private sector and households. This was complemented by a charm offensive towards foreign companies, including an easing of capital controls and promises to relax cross-border data flow restrictions.
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