After lockdown, Shanghai tries to mend fences with foreign firms - BusinessWorld Online

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Shanghai officials are seeking to revive confidence among multinational companies bruised and frustrated by the city’s COVID-19 lockdown by holding multiple meetings with foreign firms and easing a key border requirement for overseas workers.

A VIEW of the city skyline in Shanghai, China, Feb. 24, 2022. — REUTERS

The Shanghai government plans to hold 20 meetings this month with foreign firms engaged in key industries such as automobiles, trade, semiconductors and biomedicine, a report by the, a Shanghai government-backed newspaper, said on Sunday. The report was reposted on the Shanghai city website. The first was attended by executives from US blue chips such as Procter & Gamble and Johnson & Johnson, and the second included automakers Tesla, General Motors, and Ford. The companies did not respond immediately to requests for comment on Wednesday.

Many firms had complained about the difficulties and long waits in obtaining the document, which impeded the hiring of foreign staff.The removal of this requirement was “an initiative from central government to encourage work and production resumption in Shanghai,” the European Chamber said. Tom Simpson, managing director of the China-Britain Business Council, said it was expecting to meet with the Shanghai government in the coming weeks.

 

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