SHANGHAI – A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its “inflexible and inconsistently implemented” COVID policy as a key factor.
The European Chamber of Commerce published the warnings in a paper it said had input from 1,800 member companies, which also contained 967 recommendations for China, the European Union and European companies related to doing business in the country.
The report, which touched on issues from Taiwan to trade, said, for example, that China should refrain from “erratic policy shifts”, deepen cooperation with the European Union and increase international flights….