Part 13/15:
The ongoing economic downturn in China, coupled with escalating US-China trade tensions, has led many foreign companies to scale back investments and reconsider their presence. While formal diplomatic relations may temporarily ease tensions, economic realities paint a different picture.
The retreat of Western brands symbolizes the waning influence of foreign direct investment, with Chinese policymakers and elites consolidating wealth through local partnerships and investments controlled by politically connected firms like Boou Capital.