More than half of the American companies operating in China say they have delayed or cut investments as they evaluate their options globally, and foreign staff are less willing – or simply refusing – to shift to China. This is the dire picture presented by a flash survey of 121 companies by the American Chamber of Commerce in China between April 29 and May 5.
China’s fixation on a zero-Covid strategy has shaken the already waning confidence of foreign companies. “An already challenging situation continues to worsen,” AmCham China chairman Colm Rafferty said.
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