Shanghai’s strict COVID lockdown has worsened China’s ability to attract foreign investors, a Chinese investment expert has said.
Huang Feng, president of the Shanghai Association for Foreign Investment, told a video conference that the effect of the Shanghai lockdown has created the direst foreign investment situation that he has seen in 30 years.
Shanghai, China’s economic and commercial hub with a population of over 24 million, had been in a hard lockdown for two months ending June 1.
Huang also said that foreign companies’ willingness to invest in China had been in decline over the past few years. Not only that, but they were looking to go elsewhere….