Opel Halts China Expansion Plan on US Tensions

German auto giant Opel has axed its China expansion plans over fears about the impact of rising tensions between Beijing and the West, the Handelsblatt daily reported on Friday.

China’s strict zero-Covid policies have also influenced Opel’s decision, the report went on, making a proposed entry into the already competitive market an even more difficult proposition.

Full story: Handelsblatt

By Sean O’Meara

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.