 "China, China economy, Economy")
Morningstar Inc. is slashing a significant portion of its workforce in Shenzhen and relocating jobs to other countries as part of a restructuring exercise in China, a retreat that reflects a growing global ambivalence over doing business in the world’s second largest economy.
Several hundred people among its 1,000-strong workforce in the southern technology hub have been affected, the Chicago-based financial services company said on Wednesday.
The roles will be moved to other offices including in Mumbai, Madrid, Toronto and Chicago, with Chinese operations to now focus solely on the domestic market, a company representative said.
The operations to be relocated elsewhere mainly
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