The lockdown in China's financial hub has squeezed everything from consumer spending to logistics and production. - Reuters
SHANGHAI: Shanghai authorities have granted approval to 864 of the city's financial institutions to resume work, three sources with direct knowledge of the matter said on Wednesday, as it gradually eases a city-wide lockdown that began seven weeks ago.
The move is part of the financial hub's plan to reopen broadly and allow normal life to resume after the lockdown was enacted to curb China's worst outbreak since the coronavirus was discovered in Wuhan in late 2019 halted most economic activity.
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