Self-isolated: China's lonely zero-COVID battle in spotlight as Xi seeks third term

According to a member survey conducted in June by the US-China Business Council, optimism about the future business outlook in China was at a record low, with China's COVID-19 containment strategy considered the top challenge. In addition, 96% of the respondents said they had been negatively impacted by China's control measures, with more than 50% saying their investment plans had been paused, delayed or canceled. "It is unclear if this pause in future capacity growth is another temporary blip or one point in a longer trend," said Craig Allen, president of the council. "We certainly see the Chinese government taking steps to prevent a repeat of the Shanghai lockdowns, but the current strategy still leaves a significant amount of uncertainty."