Beijing needs to provide greater regulatory certainty on data security and other issues to help restore foreign investor confidence, the British Chamber of Commerce in China has warned.
A survey last month found sentiment among the chamber’s members had recovered from the depths of last December, with 8 per cent describing themselves as “pessimistic”, down from a record 42 per cent.
But six months after China abandoned draconian Covid-19 restrictions, 70 per cent of the chamber’s members were still adopting a wait-and-see attitude on new investments while they sought regulatory clarity, the business group said.
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