European businesses fear more Covid disruption in China

SHENZHEN, May 16 (Reuters): European businesses in China are awaiting the next wave of disruption from Covid-19 outbreaks and see little chance of improvement until the country increases vaccination rates, the European Chamber of Commerce in China said on Monday.
Shanghai has set out plans to end its Covid lockdown that has lasted more than six weeks, hitting China's economy, where industrial output and retail sales fell in April at the fastest in more than two years, missing expectations. read more
But even if Shanghai's lockdown is lifted next month, restrictions on the overseas travel of mainland citizens and the risk of further Omicron flare-ups are creating uncertainty, Chamber representatives from across China said.