THE head of the American Chamber of Commerce in Shanghai has warned of a withdrawal of western executives from the Chinese market, reports London's Financial Times.
Beijing has enforced over 18 months of strict border security, including three-week Covid quarantine stays and fewer visas for businesspeople and their families.
Ker Gibbs and Alan Beebe, the presidents of the American Chambers of Commerce based in Shanghai and Beijing, respectively, are among an increasing number of businessmen in China leaving their jobs in the coming months.
A recent survey of 338 AmCham Shanghai member companies in China revealed that more than 70 per cent had difficulty attracting and retaining foreign talent with 'Covid-related travel restrictions' the primary problem. Getting business executives - and their families - in and out of China has been extremely difficult,' Mr Gibbs said.
The removal of preferential tax treatment enjoyed by foreigners for decades and the rising costs of living in Chinese cities were also cited as big concerns.
SeaNews Turkey
Beijing has enforced over 18 months of strict border security, including three-week Covid quarantine stays and fewer visas for businesspeople and their families.
Ker Gibbs and Alan Beebe, the presidents of the American Chambers of Commerce based in Shanghai and Beijing, respectively, are among an increasing number of businessmen in China leaving their jobs in the coming months.
A recent survey of 338 AmCham Shanghai member companies in China revealed that more than 70 per cent had difficulty attracting and retaining foreign talent with 'Covid-related travel restrictions' the primary problem. Getting business executives - and their families - in and out of China has been extremely difficult,' Mr Gibbs said.
The removal of preferential tax treatment enjoyed by foreigners for decades and the rising costs of living in Chinese cities were also cited as big concerns.
SeaNews Turkey
