China’s application of Covid Zero is acting as a deterrent to European firms because of its inflexible and inconsistent implementation | Photo: Bloomberg
China’s focus of political goals like Covid Zero over economic objectives is making the country less appealing to European companies as a place to invest, a business group said, calling on Beijing to refocus on reform.
Recent Chinese policy decisions mean the country is now seen as “less predictable, less reliable and less efficient” according to the report published Wednesday by the European Union Chamber of Commerce in China. This has led to a loss of confidence in China and firms are increasingly looking to shift planned or future investments to other markets that are seen as providing “greater reliability and
First Published: Sep 21 2022 | 9:56 AM IST