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U.S. companies warn over China's COVID lockdown measures

AmCham survey says some groups eyeing relocation if strict rules continue

Some American companies are warning that they may quit China if strict COVID-19 controls continue.   © Reuters

SHANGHAI -- U.S. companies operating in China are warning that strict virus controls, including a lockdown in the financial capital Shanghai, have dealt a blow to their business and could prompt some to relocate if the controls drag on.

A joint survey by the American chambers of commerce in Beijing and Shanghai, published Friday, found that over half of 167 respondents, including 76 manufacturers, expected a revenue decline this year due to nationwide COVID-19 outbreaks in recent months, while some 16% of companies surveyed said they would consider moving their operations out of China.

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