fredag 15. april 2022

Chinese officials are 'painfully aware' of economic fallout from lockdowns: European Chamber President

Chinese officials are grappling with the economic distress caused by their Covid-19 restrictions, as several cities remain in lockdown, according to the head of a European trade group. Jörg Wuttke, president of the European Union Chamber of Commerce in China, said in an interview with CNN Business on Thursday that his latest conversations with the government had been encouraging as pressure built on Beijing to ease up on measures that have stifled economic activity and kept millions of people at home.

"They are painfully aware of the damage to the economy. They're worried about unemployment. They're worried about foreign companies putting money elsewhere," he added, citing a private meeting with a Chinese ministry. He declined to name the agency.