German Firms in Shanghai Lay Off Massively, China’s Closures Likened to ‘Hell’s Highway'

German Firms in Shanghai Lay Off Massively, China’s Closures Likened to ‘Hell’s Highway'

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However, influenced by increasingly aggressive protectionism and high-pressure industrial policies by the Chinese Communist Party (CCP), this path seems to have become more difficult. According to Politico's analysis on April 12th, “More recently, though, that road has looked more like the highway to hell amid Beijing's ever-more aggressive protectionism and heavy-handed industrial policy.”

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