It should have been a win-win for China; Syngenta said it would invest some of the new financing into agricultural technology, promising an injection of cash into an important sector. Photograph: Tingshu Wang/ReutersSyngenta’s case is a textbook example of the growing difficulties facing Chinese and foreign businesses alike in China. Chinese companies wanting to list overseas face even more hurdles. Now, such disclosures, which are legally required by international stock exchanges, may violate Chinese rules. But while no one expects international firms to withdraw from China altogether, the sparkle of the Chinese market may be starting to lose its shine.
Source: The Guardian October 02, 2023 15:08 UTC