Both events had “significant destabilizing effects on the China activities of European companies”. Three quarters of members reported that the stricter containment measures had negatively impacted their operations. 92 percent complained about supply chain problems caused by port closures and rising freight costs. 23 percent of those surveyed said they were considering putting new investments on hold.
Personnel problems: true “exodus”
According to Schön-Behanzin, recruiting new staff from Europe is also a major challenge. “It’s difficult to find someone who still wants to go to China.” Lockdowns, long quarantine times and fewer and fewer available flights would have triggered a true “exodus”.
In order to ease the situation in China, the chamber recommended that the government use more effective mRNA vaccines. The People’s Republic should be based more on the Singapore model, said Schön-Behanzin. The Southeast Asian city-state initially imposed very strict measures more than two years ago after the start of the corona pandemic. However, after achieving a high vaccination rate, Singapore continued to return to normal.
According to the chamber, in addition to the corona measures, the companies again had to contend with numerous other difficulties in their activities in China. 43 percent of the companies stated that they continue to suffer from market access restrictions or regulatory barriers. More than one in three companies said they were treated less favorably than companies based in China. 14 percent of the companies were reportedly forced to transfer technology to China.
This article is part of an automated service from the German Press Agency (dpa). It will not be edited or checked by the idowa editorial team.