in China, agreeing to push ahead with a second China assembly line despite failing to win any new orders during French President Emmanuel Macron’s recent state visit.
The new commitments provide a reminder that multinational companies are making – and want to make more – money in the People’s Republic. Three-quarters of those surveyed by the American Chamber of Commerce in Shanghai generated a profit in the world’s second largest economy in 2021. The European Union Chamber of Commerce in China paints a similar picture. At least some of the decoupling rhetoric is being drowned out.
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