BEIJING: Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions had pummelled operations.
While the rest of the world has steadily removed coronavirus curbs, China has remained committed to its zero-Covid strategy, using lockdowns and mass testing to stamp out all infections, reports AFP.
"We hope that China is really waking up," Bettina Schoen-Behanzin, vice president of the European Union Chamber of Commerce in China, told AFP.
"(We hope) that they find a way to get out of this zero-tolerance Covid strategy because it causes huge uncertainty and this is for sure not good for investment."