China’s zero-Covid policy has had a significant impact on Western executives and staff working in the country, causing many to leave.
Jonathan Siboni, CEO of Luxurynsight, explains that China’s decision to adopt a strict lockdown and hierarchical commands has resulted in economic challenges.
Additionally, the political context, particularly the Communist Party’s 20th congress, has contributed to business slowdown as uncertainty and changes within state-owned companies affected business operations.
Western groups in China now have less control over their business due to the absence of foreign executives and staff, leading to remote management and increased reporting responsibilities for local employees..
