Caixin
May 31, 2022 08:11 PM
BUSINESS

Uncertainty Weighs on British Businesses in China Amid Lockdowns, Chamber Says

The Unilever logo at the firm’s headquarters in Shanghai on Sept. 3. Photo: VCG
The Unilever logo at the firm’s headquarters in Shanghai on Sept. 3. Photo: VCG

A majority of British companies in China have forecast falling revenues for 2022 as they expect the country’s current wave of Covid-19 outbreaks and the resulting government response to take a serious toll on business this year.

That’s according to an annual business sentiment survey conducted by the British Chamber of Commerce in China, which says “increasing uncertainty” threatens to undermine what many foreign companies see as a major strength of doing business in the country.

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