Economic Effects of Foreign Companies Exiting China Can’t Be Ignored, Expert Says

A man walks past a closed shop during a COVID-19 lockdown in the Jing'an district of Shanghai on May 30, 2022. Hector Retamal/AFP via Getty Images

Shanghai’s strict COVID lockdown has worsened China’s ability to attract foreign investors, a Chinese investment expert has said.

Huang Feng, president of the Shanghai Association for Foreign Investment, told a video conference that the effect of the Shanghai lockdown has created the direst foreign investment situation that he has seen in 30 years.