US Firms Rethink China Investment on COVID Concerns: Business Group Survey

A woman looks in through a gap in a barrier at a residential area, amid new lockdown measures in parts of the city to curb the COVID-19 outbreak in Shanghai, China, on July 11, 2022. Aly Song/Reuters

WASHINGTON—Strict COVID-19 control measures in China have overtaken sour U.S.–China relations as the top concern of U.S. companies in the country, a business lobby said on Monday.

It said more than half of its firms reported the issue as a reason to cancel or delay investments in China.