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China Inc by BBW

Business:Investing

European businesses glum on China, and AstraZeneca weighs spin-off for Chinese unit

2023-06-26

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The latest annual survey by the EU Chamber of Commerce in China shows revenue fell for more European businesses’ China operations last year. Is this a watershed moment for China’s economy, showing the days of western enthusiasm for investing in the country will never return to pre-covid levels? And AstraZeneca has become the latest major company to weigh a potential spinoff of its China unit. Is this the beginning of a trend?