The exodus is reportedly due to China’s increasing influence in the region International companies have ramped up withdrawals from the Chinese special administrative region of Hong Kong amid Beijing’s increasing control, the Wall Street Journal reported on Tuesday. The number of US corporations working in the region has dropped for four consecutive years, and hit 1,258 in June 2022, the lowest figure since 2004, according to government data cited by the news outlet. Moreover, there were fewer US corporations in Hong Kong than mainland Chinese companies with a regional headquarters there for the first time in three
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