China's Covid rules batter business confidence: EU Chamber

China's virus containment measures, including in Shanghai, have caused "disruption on an epic scale", the European Chamber of Commerce said

China's strict zero-Covid policy has led to a plunge in confidence among European companies operating in the country as supply chains are tangled, revenue projections fall and staff leave, according to a business group survey released on Thursday.

"While the war (in Ukraine) has had an impact on European businesses operating in China, Covid-19 presents a far more immediate challenge and has caused a considerable drop in business confidence," the Chamber added.