Nokia to close most China offices

Finnish company Nokia plans to close most of its offices and headquarters in China before the end of the year, due to a decline in its business volume in the Chinese market and a weak market share resulting from competition from local companies such as Huawei and ZTE, as well as a decrease in its operations related to 5G network contracts. This move is part of a strategy to adjust the operational structure and reduce geopolitical risks, in light of declining growth opportunities for Western technology companies in China.

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