3 Ways Multinationals Can Invest in China—Without Damaging Their Valuation

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3 Ways Multinationals Can Invest in China—Without Damaging Their Valuation

Many multinational corporations with significant exposure to China trade at valuation multiples that are 45% lower than their peers with more limited exposure. This disparity represents a $7 trillion “China discount” on their combined market value since 2020. In response, many have sought to reduce their risk exposure to China or exit the country entirely, on the grounds that weak sales and intensifying local competition leave them unable to cap…