Beijing Review

Flee or Flock?

‘Foreign capital withdraws from China,” “Viet Nam to replace China as the world’s workshop…” Headlines like these are gaining much attention in the West. Citing the Chinese economic slowdown in the first half of this year amid COVID-19-induced lockdowns, the “China collapse” rhetoric is on the rise, again.

However, a report issued by the Third Qingdao Multinationals Summit, co-sponsored by the

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