Companies relocate investments as China reels under strict Zero-COVID lockdowns ...Middle East

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Companies relocate investments as China reels under strict Zero-COVID lockdowns
China's infamous Zero-COVID policy has gained eyeballs for all the wrong reasons and amid this European and US companies in China have expressed concern about an increasingly unstable investment climate due to seemingly unending lockdowns and severe disease control measures. Many foreign companies are looking to shut down their businesses and relocate as China continues to remain marred with unending restrictions. Even though Xinhua, the Chinese state-controlled media while issuing an article on May 12 called on foreign businessmen not to leave but it seems like companies already had a reality check, reported The Hong Kong Post.

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