HONG KONG -- A senior Chinese official's surprise move to officiate at a BASF factory opening is telegraphing Beijing's support for foreign investment, as multinationals threaten to quit the country over strict virus curbs, analysts say.
Politics
China signals support for foreign investment after virus curb fury
Multinationals threaten to cut investment or leave over zero-COVID rules
German chemical group BASF opened a new plant in Zhanjiang city to boost capacity by an additional 60,000 metric tons of engineering plastics compounds annually. (Photo courtesy of BASF)
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