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Corporate Exodus from Russia Holds Lesson for China – FT

The fact that the Biden-Xi conversation ended with little more than mutual threats of sanctions should be a wake-up call to foreign businesses operating in China


Ukrainian soldiers ride on an armoured personnel vehicle outside the eastern Ukrainian city of Debaltseve. Photo: AFP

 

The attempt by US president Joe Biden last week to extract a promise from China’s leader Xi Jinping not to give material support to Russia’s invasion of Ukraine was always going to be a long shot, Peggy Hollinger writes in the Financial Times.

The fact that after two hours it ended with little more than mutual threats of sanctions should be a wake-up call to foreign businesses operating in China.

 

Read the full report: Financial Times

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.