Investors Skittish Over China's Covid Policy
Continued lockdown regime makes EU companies bearish on China
By: Toh Han Shih
China’s stringent Zero-Covid-19 policy has cut so far into foreign investment that investors from the 27-country European Union put more money into the US state of Texas, with 2021 GDP of US$1.9 trillion, than they did into China (US$17.74 trillion) last year, according to Joerg Wuttke, president of the EU Chamber of Commerce in China.
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