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Pandemic measures are only part of the reason foreigners are leaving China in droves. Many believe the spirit of openness that underpinned China's economic rise could be in terminal decline.
Shanghai’s lengthy Covid-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday
Shanghai's lengthy Covid-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday.
SHANGHAI: Shanghai's lengthy Covid-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday.
China’s factory output and retail sales remained weak last month, official data showed yesterday, with tepid demand and lingering COVID-19 restrictions putting a damper on growth in the world’s second-largest economy. The government is persisting with a “zero COVID” strategy to stamp out clusters as they emerge, but this has placed companies and consumers at the mercy of snap, economically damaging lockdowns. The American Chamber of Commerce (AmCham) yesterday said that Shanghai’s lengthy COVID-19 lockdown pushed one-quarter of US firms in the city to cut investment plans and nearly ...