China’s smog is turning top executives from foreign firms away from the country, Reuters reported, citing a survey from the American Chamber of Commerce. Some 48% of the 365 foreign companies replying to the survey said that executives were unwilling to relocate due to China’s poor air quality. Expats are also leaving China for the same reason. The survey follows news of Panasonic (6752.TYO) offering hardship pay to Japanese expatriates who had moved to China. Yet, US businesses said their largest concern still remained the country’s economic slowdown, which was hurting margins.
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