China’s commercial hub of Shanghai, where many EU firms have their Asia headquarters, remains under lockdown to contain the Omicron coronavirus variant. Photo: Reuters
China’s commercial hub of Shanghai, where many EU firms have their Asia headquarters, remains under lockdown to contain the Omicron coronavirus variant. Photo: Reuters

China’s European firms warn ‘on-off economy’, Covid lockdowns cloud business outlook

  • Beijing’s zero-tolerance Covid policy has resulted in strict lockdowns and mass testing in major cities such as Shanghai, where EU firms have Asia headquarters
  • As long-term strategy for dealing with the virus appears to be unclear or perhaps unsustainable in China, European businesses say more needs to be done

China’s commercial hub of Shanghai, where many EU firms have their Asia headquarters, remains under lockdown to contain the Omicron coronavirus variant. Photo: Reuters
China’s commercial hub of Shanghai, where many EU firms have their Asia headquarters, remains under lockdown to contain the Omicron coronavirus variant. Photo: Reuters
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