This week’s upcoming meeting of dozens of Asian and Western defense and trade ministers with shared concerns over business, diplomatic, and security in the Pacific, juxtaposed alongside high-profile US CEOs such as Elon Musk meeting with top CCP officials, reinforces difficult questions regarding U.S. businesses in China.
By researching and then profiling a fluid list of over 1,000 major multinational companies exiting Russia in outrage over its unjustified, illegal invasion of neighboring Ukraine, we helped to catalyze a historic business pull-out. President Biden even cited our list of Russian business exits in his private dialogue with President Xi Jinping exactly a year ago as a warning of the potential economic damage which could be inflicted on China. However, is it far more complicated for businesses to retreat from China en masse.
