'Huge uncertainty' for EU firms over China's Covid curbs, chamber warns

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پاکستان تازہ ترین خبریں,پاکستان عنوانات

Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions

While the rest of the world has steadily removed coronavirus curbs, China has remained committed to its zero-Covid strategy, using lockdowns and mass testing to stamp out all infections.

" that they find a way to get out of this zero-tolerance Covid strategy because it causes huge uncertainty and this is for sure not good for investment." It found that 92 percent of member companies were hit by supply chain problems, and three-quarters said their operations were negatively impacted by the Covid controls.

"The role China played over the last two years in bolstering European companies' global revenues looks set to diminish," the report released on Monday said.

 

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پاکستان تازہ ترین خبریں, پاکستان عنوانات

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