‘Huge uncertainty’ for EU firms over China’s Covid curbs, chamber warns

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by Beiyi SEOW Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions had pummelled operations. While the rest of the world has steadily removed coronavirus curbs, China has remained committed to its zero-Covid strategy, using lockdowns and mass testing to stamp out all infections. But this strategy has hammered businesses and snarled supply chains — 60 percent of respondents in […]