Businesses Eyeing Exits in Hong Kong Amid Uncertainty
By Eric Mack | Sunday, 06 June 2021 03:23 PM
Businesses are eyeing the exits in Hong Kong as it becomes less open and more fused to the mainland China economy, The Wall Street Journal reported Sunday.
"Being in Hong Kong always used to be a no-brainer," European Chamber of Commerce Chairman Frederik Gollob in Hong Kong told the Journal. "Now, for the first time, businesses are having discussions around, do we need to be in Hong Kong?"
Among the causes are political change, control at the hands of China, and the global coronavirus pandemic, according to the report.
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