BEIJING - China's biggest cities are doubling down on Covid-19 testing in a bid to stamp out persistent infections, as the US ambassador to the country warnsis likely to last beyond this year and actively chill foreign investment.
Beijing reported 22 cases for Thursday, while Shanghai recorded just four cases, all of which were in government-run quarantine centres, the National Health Commission said on Friday. America's ambassador to China said on Thursday the country's stringent Covid Zero policy is likely to run into next year and is actively discouraging US and European investment in the world's second-biggest economy.
"We don't see a lot of companies leaving lock, stock and barrel, but from the results that I've read, and the conversations had with lots of business leaders here, I think there's a hesitancy to invest in future obligations until they can see the end of this," he said at the event hosted by the Brookings Institution think-tank.