23% of respondents in a new survey are considering shifting current or planned investments out of China
“The introduction of more stringent Covid-19 containment measures in 2022, with China imposing full or partial lockdowns in at least 45 cities, is causing massive uncertainty for businesses,” the statement said. American Chamber of Commerce in China President Michael Hart in an interview last month also expressed frustration with uncertainties facing members in connection with China’s Covid policies (see post here). The European Chamber has more than 1,700 members in nine cities: Beijing, Nanjing, Shanghai, Shenyang, Guangzhou, Shenzhen, Chengdu, Chongqing and Tianjin. Members include BNP Paribas, BASF, Ikea, Maersk, and Lufthansa.
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