European businesses are rethinking their plans for a 'closed' China
Foreign direct investment from Germany to China grew by about 30% in the first eight months of the year from a year ago, China's Ministry of Commerce said Monday. Vcg | Visual China Group | Getty Images BEIJING — European businesses in China are revaluating their market plans after this year's Covid controls further isolated the country from the rest of the world, said Joerg Wuttke, president of the European Union Chamber of Commerce in China. China's stringent Covid policy has restricted international travel, and business activity — especially after a two-month lockdown this year in Shanghai. The tough measures of the last two years initially helped China recover more quickly from the pandemic's shock compared to other countries. But the policy increasingly contrasts with a world that's increasingly relaxing many Covid restrictions. For European businesses, "we talk about a complete readjustment of our view on China over the last six months," Wuttke t...