WASHINGTON : Strict COVID-19 control measures in China have overtaken sour U.S.-China relations as the top concern of U.S. companies in the country, a business lobby said on Monday.
"The looming possibility that companies will again be forced to partially halt operations due to lockdowns and the impacts of local controls on consumer demand have undermined confidence in the business environment," the U.S.-China Business Council said based on an annual survey of 117 member companies.
Risks still abound as many Chinese cities, including manufacturing hubs and popular tourist spots, imposed lockdown measures in July after fresh outbreaks of the more transmissible Omicron variant of the coronavirus were found. Those policies, continuing U.S.-China tensions, and"significant market access barriers" in China despite government assurances of equal treatment of foreign companies, have led to"record levels of pessimism," affecting companies' decisions about supply chains and future investments, the group said.
We should all retreat our business from China before the Taiwan war, otherwise we loss everything
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