Name: Evidence Mounts That the West's De-Risking Efforts Hurts Chinese Market
Uploaded: 2023-12-07T05:38:25.000Z
Description: The Chinese market is feeling the effects of the West's de-risking efforts.

Tiffany Meier is an anchor, China news investigative reporter, and producer for NTD News based at the network's global headquarters in New York City. Tiffany anchors NTD's flagship shows "NTD Evening News" and "China in Focus" and co-moderates NTD's special election coverage "The Nation Decides." She produced the award-winning NTD Original documentary "Hollywood Takeover: China's Control in the Film Industry."


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The Chinese market is feeling the effects of the West's de-risking efforts.

Data suggests that foreign firms are selling off existing investments and repatriating funds on top of choosing not to reinvest earnings in the Chinese market.

According to a senior researcher at the Peterson Institute for International Economics, the trend could further weaken the yuan and hinder China's economic growth potential.

A survey released by the Conference Board think tank echoed those concerns. More than two-thirds of CEOs surveyed said China's demand has not returned to pre-pandemic levels.

The CEO and co-founder of Florida-based furniture company, Industry West, said that geopolitics and a slowing economy have pushed him to source more products from Southeast Asia, Eastern Europe, and Mexico.

Adding that he felt the need to dramatically expand his China diversification strategy.

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