Name: 1M Chinese Customers Unable to Access Bank Deposits
Uploaded: 2022-05-26T00:44:20.000Z
Description: China’s ongoing lockdowns are driving foreign companies away—including Apple. Now the company is turning to nearby neighbors.

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China’s ongoing lockdowns are driving foreign companies away—including Apple. Now the company is turning to nearby neighbors.

Vacation rental company Airbnb is saying goodbye to the Chinese market after a several-year revenue struggle under China’s lockdown policies.

Though multinational companies are planning to step back from China, some voices still say it won’t be easy to detach from China’s supply chains.

A million bank customers are blocked from withdrawing their own money. Four local banks and $1.5 billion are involved. Customers now fear they might lose the funds for good.

Topics in this episode:
WSJ: Apple to Boost Production Outside China?
Airbnb to Close Its Domestic Business in China
Mexico: A New Supply Chain Alternative to China?
Vietnam Exports Soar Amid Decline in Shenzhen
Expert: Detaching From China Supply Chains Not Easy
1M Chinese Customers Unable to Access Bank Deposits
Q&A: China’s Overseas United Front Work Dept.
Xinjiang Leak Reveals ‘Shoot-To-Kill’ Policy
Price: Appalled by Reports on China Internment Camps
Australia’s China Approach Under New PM

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