European Businesses Cut China Revenue Projections on Covid Concerns

European companies in China are cutting revenue projections for the year, citing supply chain disruption risks and uncertainties stemming from the country’s “zero-Covid” policy.
Nearly 60% of businesses surveyed last month by the European Union Chamber of Commerce said they expect 2022 revenue to decline, mostly by 6% to 15%, according to a report issued Thursday by the chamber.
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