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‘Do We Need to Be in Hong Kong?’ Global Companies Are Eying the Exits
Keywords: Hong Kong As Hub For Asia, Singapore, Shanghai,
Tags: Current Focus,
With Hong Kong affected by the protests, then the crackdown by China, the pandemic, large companies that used it as a base for operations in China are now shifting to Singapore,Shanghai and other locations. Except for finance, retail and other industries are moving out of Hong Kong. Shanghai is seen as more connected to the Chinese economy. And for others Hong Kong is no longer as global now with its integration into China.
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