COVID-19 travel curbs are biggest challenge for British firms in China: Survey

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Travel curbs are biggest challenge for British firms in China - survey

BEIJING: China's tight restrictions on international travel as part of its zero-tolerance approach to controlling COVID-19 are the top concern for British firms operating in the country but they are more optimistic than last year, a survey showed on Tuesday .

While other countries in Asia have slowly opened up their borders to international travel, China still has strict curbs in place involving long quarantines and limits on flights and visas. Its survey, which had 288 respondents, showed nearly a quarter of companies saw foreign staff numbers fall in 2021, and 41 per cent expect numbers to decrease significantly next year on concerns over separation from family or friends or uncertainties over being able to come back.

Around two fifths of businesses expect earnings in 2021 to exceed pre-pandemic levels, and nearly half expect them to increase from last year, it said. In 2020's survey, only 30 per cent of companies expected earnings to be higher than the year before.

 

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