DW Business | A survey by the European Central Bank suggests many of the EU’s biggest multinationals are considering downsizing their operations in China. Western firms have spoken of the need to ‘de-risk’ their supply chains by shifting them to countries that are more ideologically aligned with Europe and the US. Zhiwu Chen from the University of Hong Kong says foreign businesses are also being deterred by an increasingly aggressive Chinese government. In this interview with DW Business, he says Beijing has taken on a ‘warfare’ mentality where geopolitics takes precedence over economic considerations.
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