The recent lockdowns in Shanghai have been a setback for China. But don’t let this scare you from investing your business there.
Shanghai being under lockdown doesn’t mean the whole country is slowing down. A study conducted by a research institute based out of the People’s University of China shows that the Chinese economy is doing better than expected. China's gross domestic product grew by 4.8% year-on-year in the first quarter of 2022, accelerating from the 4.0% expansion registered in Q4 2021 and beating economists' expectations. Despite the pandemic and lockdowns, China continues to grow.
We don't know if there will be other lockdowns, but this doesn't undermine the fact that China will remain an excellent market for companies.
In this series of articles, we will explain to you why, despite the pandemic and the lockdowns, you should still invest in China.