More on multinational companies seeking to ringfen
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Posted On: 06/25/2023 8:16:41 PM
More on multinational companies seeking to ringfence China:
h/t Dew Dilligence at iHub
https://www.wsj.com/articles/companies-try-ne...g-61c88721
Russia’s war in Ukraine has pushed many boardrooms to discuss contingency plans for a potential China-Taiwan war, business advisers say. In a worst-case scenario, some executives fear they may have to write down or hive off their China business, as was the case with Russia.
Russia was relatively easy to relinquish in that it comprised a minuscule portion of sales and profits of most multinational companies (excluding the oil and gas industry). China is a different story, however; there are many multinational companies in various sectors of the economy who derive more than 10% of sales in China.
h/t Dew Dilligence at iHub
https://www.wsj.com/articles/companies-try-ne...g-61c88721
Russia’s war in Ukraine has pushed many boardrooms to discuss contingency plans for a potential China-Taiwan war, business advisers say. In a worst-case scenario, some executives fear they may have to write down or hive off their China business, as was the case with Russia.
Russia was relatively easy to relinquish in that it comprised a minuscule portion of sales and profits of most multinational companies (excluding the oil and gas industry). China is a different story, however; there are many multinational companies in various sectors of the economy who derive more than 10% of sales in China.
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