China Protests Might Have Come At A Bad Time For Foreign Firms

For foreign companies that operate in China, the unprecedented protests at the weekend could not have come at a worse time.

Eko Hot Blog reports that It has been almost three years of intermittent lockdowns, disrupted supply chains, and rules that have made the country uninviting to international staff. The last year has been particularly painful – as the rest of the world opened up and learned to live alongside the virus.

EDITOR’S PICKS

• Belarus: Foreign Minister Vladimir Makei Dies At 64

• World Cup 2022: Wales Fan Dies In Qatar

• US: Former Kentucky Governor John Y. Brown Dies At 88

“In my 12 years of being in China, I have never seen the levels of social and economic disruption. The extraordinary civil unrest taking place at the moment is all due to zero-Covid fatigue,” the British Chamber of Commerce’s Managing Director Steven Lynch said.

“This is the lowest level of sentiment we’ve ever experienced, certainly for British businesses.”

Protests and political instability are not good for business. But it is the Covid numbers in China that are really rattling investors.

FURTHER READING

• Iran: Ayatollah Praises Paramilitary Deadly Crackdown On Protesters

• US: Biden Bans Telecommunications Equipment Sales Amid Chinese Spying Fears

• Pope Francis’s Secretly Taped Phone Call Emerges During Financial Trial

Recent days have seen about 40,000 new cases – record highs for China – and with authorities determined to stamp out infections according to President Xi Jinping’s zero-Covid strategy, that could mean more disruption to manufacturing, services, and normal consumer behaviour.

Source: BBC

Click here to watch video of the week:

---

Advertise or Publish a Story on EkoHot Blog:

Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.

Citizen journalists will receive a token as data incentive.

Call or Whatsapp: 0803 561 7233, 0703 414 5611