Written by Michael Reilly. In the medium to long-term, the coronavirus outbreak may turn out to be the high-water mark of foreign investment in China. Even before this, foreign companies were growing increasingly frustrated as the government increased minimum wage levels in provinces such as Guangdong and Fujian, and they also became frustrated with a growing burden of regulations and a bias in favour of domestic companies.
At new year 1978/79 the United States diplomatically de-recognised the Republic of China on Taiwan and recognised the government of the People’s Republic of China in Beijing. Forty years on from this momentous foreign policy pivot, the city of Nottingham in the UK is hosting an international conference to assess the impact of the decision in Taiwan, China and world affairs.