Shanghai braces for long road to recovery as lockdown ends


Commuters wearing face masks wait for their ride at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 1, 2022. REUTERS

SHANGHAI: Shanghai faces weeks, if not months, of slow recovery until economic activity can fully bounce back from the crippling Covid lockdown that began in March.

Based on the experiences of other Chinese cities like Wuhan in 2020 and Jilin earlier this year, it will take time for shops to reopen or factories to secure supplies and ramp up production. Labour shortages could emerge and the knock to business and consumer confidence will likely linger.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , Shnghai , lockdown , lifted , economy , recovery ,

   

Next In Business News

Johari: Exports of palm oil and related products reached RM99.3bil for Jan-Nov period
Oasis disposes of industrial land for RM16.5mil
MClean Technologies shareholders approve acquisition, capital restructuring plans
KKB Engineering bags two contracts totalling RM89mil
George Kent wins RM45.5mil infrastructure project
FBM KLCI ends lower, dragged by banking stocks amid regional downturn
Nestl� Malaysia names new executive director for group corporate affairs
ITO-Healthcare providers urged to collaborate to address increase in medical insurance premiums
Allianz withdraws $1.63 bln offer for Singapore's Income Insurance
Northport inks deal to acquire new quay cranes

Others Also Read