China’s foreign firms, struggling to survive, hunker down for whatever comes next

Sitting on the fence may appear to be a precarious position for China’s foreign businesses in a time of unprecedented difficulties and uncertainties. But for some, the wait-and-see approach remains their safest option – at least for now.

Even in one of China’s most economically dynamic regions – the Greater Bay Area – several foreign firms that are intent on maintaining a presence in the country continue to put off expansion plans or have begun scaling back operations, according to business insiders and representatives.