The future for foreign companies in China looks increasingly finite

Capricious rules and stiffer competition are making life difficult

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Pursuit of the "dual circulation" strategy means China relies as little as possible on foreign resources and technology. © Reuters

Louis Brennan is a professor in business studies at Trinity Business School in Ireland, a senior research fellow at the Wong MNC Center, and the Ireland representative at the China in Europe Research Network

Remember the days when companies demanded of their suppliers their "China Price." Having one became a competitive imperative as it was, in effect, an order qualifier.

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