U.S. envoy to China expects 'zero COVID' policy to persist into 2023

The United States' ambassador to China, Nicholas Burns, said on Thursday he expects Beijing's 'zero COVID' policy to persist into early 2023, and that U.S. businesses were reluctant to invest in the country until restrictions ease. The re-emergence of infections in China's capital Beijing has raised new concerns about the outlook for the world's second largest economy, which had recently emerged from a long lockdown that shook global supply chains in its most populous city and commercial hub, Shanghai.