05/05/2022 12:36 (UTC)

EU firms mull shifting out of China due to Covid-19 restrictions

Beijing, May 5 (EFE).- European business confidence has taken a hit in China due to stringent coronavirus restrictions, with some companies considering shifting current or planned investments to other markets, a new report said on Thursday.

The European Chamber surveyed how China’s Covid-19 policy and Russia’s war in Ukraine impacted European businesses in the Asian country.

“The results show both factors are creating severe challenges to European business operations, with logistics suffering the most overall,” the survey found. (Camera: ALEX PLAVEVSKI).

FOOTAGE SHOWS DAILY LIFE IN THE MIDST OF THE CORONAVIRUS LOCKDOWN IN SHANGHAI, CHINA.

Metadata

Date: 05/05/2022 12:34 (UTC)
Credit: EFE
Source: EPA
Topic: Health » Disease
Type: Ready-to-use
Duration: 92 seconds
Reference: 55008662154
Relevance: Normal