A man looks out behind a barrier of a sealed area, amid new lockdown measures in parts of the city to curb the coronavirus disease outbreak in Shanghai, China July 11, 2022. REUTERS/Aly SongSHANGHAI, Sept 21 - A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID policy as a key factor.
A "stark contrast" has emerged between China and the rest of the world over the past year, as other countries remain committed to globalisation while China continues to turn inward, the chamber's president, Joerg Wuttke, told a media briefing. Besides COVID, the chamber said stalled reforms of China's state-owned enterprises, an exodus of European nationals from China coupled with travel restrictions for Chinese staff to go abroad as well as increased politicisation of business were also harming China's attractiveness.
Never trust China dictatorship Never trade with dictatorship
Live and learn.
It’s not a business group. It’s all politic. Just ask Boeing how badly it wants to be back in China 😆
ok, now who have confidence from eu?
Wrong message
The stench of past colonialism...