Strict Covid-19 rules make companies in China think about moving investments

Now that 43 cities in China are under either full or partial lockdown, more and more European companies in the country are seeking to move their investments. The European Chamber of Commerce in China announced today that nearly a quarter of respondents on a survey were considering moving current or planned investments out of China.

92% of the respondents say they have been negatively impacted by China’s recent port closures, decreased road freight, and rising sea freight costs. Meanwhile, the lockdowns in 43 cities involved tight restrictions on movement for locals, according to one financial services group.

The survey found that the number of respondents considering, or planning to move investments, was over double the number at the beginning of this year.

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