News Analysis U.S. retailers in China have been hit hard by COVID-19 lockdowns, a weakening economy, and increased nationalism. Amazon Kindle is exiting the China market, as are Airbnb and Yahoo. Fifty-three percent of companies responding to a U.S. Chamber of Commerce survey said they would decrease their China exposure if COVID lockdowns persist. The chamber’s…
US Retailers Falter in China Amid Lockdowns, Weak Economy, Nationalism
July 13, 2022
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