Most major tech firms are continuing to invest in China despite difficult market and international conditions.
After years of making record profits in China, U.S. big tech companies now appear to be fighting a losing battle in the country. Apple and Tesla’s China sales have precipitously declined as Huawei and several Chinese electric vehicle (EV) manufacturers make increasingly competitive products. Combine this with China’s flagging economy, deteriorating business environment, and mounting concerns about the geopolitical risks of depending on the country, and it’s clear that the business honeymoo
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
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