A window of opportunity for Western companies to quit Xinjiang ...Middle East

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Volkswagen decided more than a decade ago to build a plant in China’s Xinjiang region with Chinese partner, SAIC, the aim was not primarily to sell cars to the local market. It was also to appease Chinese authorities who demanded the joint €170mn investment in return for approving VW’s plans to expand in Guangdong, as someone acquainted with the discussions over the plant recently told me. Now the German auto group is learning the hard way that politically-driven investments have the potential to become hefty financial and reputational risks. The company has b

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