With COVID lockdowns lifted, China says it's back in business. But it's not so easy

  • 📰 NPR
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

China has been trying to woo back foreign investors and businesses after nearly three years of self-imposed isolation. But analysts say it won't be that easy to get back in business.

"More focus will be placed on expanding domestic demand, keeping supply chains stable, supporting the private sector, reforming the state-owned enterprises, attracting foreign investment and preventing economic and financial risks," Liu He, the country's vice premier and one of its top economic policymakers,"Trust but verify," advises Nargiza Salidjanova, a China director at the research firm Rhodium Group.

"It is not enough to talk about these things," she says."The message and the practice of it has to really align to strongly encourage foreign investors." China weathered the pandemic well — at first."In 2020, China was up and running with manufacturing again. Nobody else was. So exports really drove the recovery in China, the first recovery in China," says Bert Hofman, a professor at the National University of Singapore and a former China director for the World Bank.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

3 years of lockdown and just now re opening borders ? i had no idea , wow and people here in the US are complaining about a year of barely any restrictions. Two different worlds

Invest in America.

After 3 years of a worsening pandemic*

Good girl…

Can't trust a communist regime in any country........let alone China.

Intellectual property violations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in BUSİNESS

Business Business Latest News, Business Business Headlines