News Forum - Strict Covid-19 rules make companies in China think about moving investments

[Thaiger]

Now that 43 cities in China are under either full or partial lockdown, more and more European companies in the country are seeking to move their investments. The European Chamber of Commerce in China announced today that nearly a quarter of respondents on a survey were considering moving current or planned investments out of China. 92% of the respondents say they have been negatively impacted by China’s recent port closures, decreased road freight, and rising sea freight costs. Meanwhile, the lockdowns in 43 cities involved tight restrictions on movement for locals, according to one financial services group. The survey found […]

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[Dmitrii]

COVID-19 does not take orders from the communistic party of China.

And their usual policy of terror and suppression does not work with it either.

Surprise!

[Soidog]

Good to see

[Poolie]

1 minute ago, Dmitrii said:

COVID-19 does not take orders from the communistic party of China.

And their usual policy of terror and suppression does not work with it either.

Surprise!

It's actually less than a quarter of companies from the same report are thinking (note: thinking) of moving out.

I feel more suppression and terror from the local under-5s than the CPC In the course of 16 years.

[Soidog]

Just now, Poolie said:

It's actually less than a quarter of companies from the same report are thinking (note: thinking) of moving out.

I feel more suppression and terror from the local under-5s than the CPC In the course of 16 years.

Try speaking out against the CPC and see what happens. 

[Grumpish]

Even pre-covid a lot of companies were starting to question their (over) dependence on an exclusively Chinese supply line. I am not sure that the Chinese fully appreciate that that those companies that so easily  moved their manufacturing to China over the last three decades could just as easily move some, or all of it, elsewhere.

[Metoo]

Hopefully the world has learnt it's mistake of relying upon 1 warehouse.....aka china. 

Especially when that one country is a dictatorship......never a good idea. 

Diversification is the way forward. 

Another glaring example for the need to diversify needs/supply,  is Europe's reliance on another dictators goods.

Move on world, diversify to survive without reliance on one source.

More importantly if that source is unhinged.....too risky.