The risky scramble to put up walls around China

Silicon Valley venture capital giant Sequoia Capital China has announced plans to ring-fencing its Chinese operations into entities separate from its core business, which it says is a major threat to the countrys economy and its economic growth. However, it is also cutting off the amount of foreign capital available to be deployed in China. () But The US government has warned that restrictions on investment in the sector are being imposed by the Chinese authorities to stop investors from investing in Chinese firms and businesses across the world, as the US tightens its rules on the global pharmaceutical industry, but it has also begun blocking the investment of US companies within the state of China, with the possibility that it cannot afford to invest in overseas companies. The chief executive of AstraZeneca has said it will withdraw its business from the UK and China because of the coronavirus pandemic, and is now making it more likely to take steps to prevent the company from taking advantage of an increase in its investment rates and the risks it faces, say analysts at the time of Covid-19 infections that have spread worldwide, in an attempt to curb the impact of its coronavirus crisis, after China imposing sanctions.

Source: smh.com.au
Published on 2023-06-19

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