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A survey published by The Conference Board in November 2023 indicates that CEOs of multinational corporations in China are losing confidence in the country. The survey, which included 35 CEOs primarily from American and European companies operating in China, showed that the number of respondents with negative views outnumbered those with positive views. The organization also found that 40% of the surveyed CEOs expect capital investment to decrease, and nearly as many chief executives also anticipate layoffs in the next six months, a significant increase from only 9% in the first half of the year.
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