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Citi to wind down China retail presence

December 19, 2022

Leaving China would mean Citi has an exit strategy in place for 12 of the 13 markets from which it said in April 2021 it would retreat. Poland is the exception.

Citi added two markets to its exit list this year, however: Mexico and the U.K. — though the latter may have remained merely a proposal, as official releases from Citi don’t mention it as part of the larger withdrawal strategy.

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