Top American companies are struggling to devise new strategies for the Chinese market, as government policies in both Washington and Beijing push the two nations apart and economic growth in China slows from its customary torrid pace.
The latest boardroom action came this week, when Sequoia Capital, a Silicon Valley firm that was among the early investors in TikTok parent ByteDance, said it would split its China and U.S. operations into separate companies.
as China’s economy — after decades of rapid growth — is set to slow, from an annual pace of 5.2 percent this year to little more than 3 percent five years from now, according to International Monetary Fund forecasts.“If the risk is higher and growth is lower, that changes your competitive strategy,” said Myron Brilliant, senior counselor with Dentons Global Advisors-ASG. “That’s why companies are insulating themselves a little bit more.
, are localizing their corporate structure to limit the financial damage from shifting geopolitical winds. The prominent Silicon Valley firm plans to split into three separate companies, covering the United States and Europe; China; and India and Southeast Asia.security officials raided starting in late March — the Mintz Group and Bain & Co. — are frozen while the investigations proceed, leaving other executives to wonder if they might be next.
trade relationship. U.S. anger over China’s lack of transparency over the origins of the coronavirus, and the supply chain disruptions duringThrough the first four months of this year, the inflation-adjusted value of U.S.-China trade was down 21 percent from the same period last year, according to Alfredo Carrillo Obregon, a Cato Institute research associate. If cargo continues moving at the current pace for the rest of the year, the annual figure would be roughly 26 percent below its 2018 peak.
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