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New corporates moving beyond their home regions into Asia are having to grapple with a range of new regulations, and even the established corporates are struggling to navigate a changing landscape.
Indeed, scrambling for a share in a region with highly competitive local markets and with different sets of regulations has proven too much for some.
A number of leading old-economy western companies, including Revlon and Marks & Spencer, have been leaving China in recent years, pushed out both by high taxes and changes in policy that do not provide as favourable terms to overseas companies.
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