Ties between foreign businesses and China go from bad to worse
- Travel and investment are shockingly depressed
THE RANKS of foreign businesspeople in Shanghai are much depleted these days. Those who remain closely monitor the comings and goings of multinational executives. So all eyes were on the Bund Summit, a globally minded economic and financial forum held in the city from September 22nd to 24th. In previous years the forum brought in A-list chief executives from around the world. The latest gathering, the first since China lifted its draconian covid-19 restrictions and declared itself open for business, was expected to draw high-powered crowds once again.