Power Play

No easy task diversifying away from China

Geopolitical risks are rising but business logic makes it hard for companies to make a clean break

Apple supplier Foxconn is one high-profile foreign company to move its operations away from China. PHOTO: AFP
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BEIJING - When German Chancellor Olaf Scholz visited Chinese President Xi Jinping in Beijing last Friday, he went without the blessings of other European leaders or even members of his own coalition government.

His aim was to ensure the good health of the German economy, which had come to rely heavily on China’s investment and vast market, despite growing concerns in Europe that Beijing poses an ideological and security threat to the continent. 

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