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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , Shnghai , lockdown , lifted , economy , recovery ,

Next In Business News

World Bank: Malaysia shows strong progress in reducing poverty, must now focus on inclusive growth
Johor a top regional hotspot
Flooring to beat Malaysia’s heat
URA: Why it deserves support
E-invoice exemption threshold up to RM1mil starting 2026, says PM
Ringgit to remain steady, trade within 4.10-4.12 versus greenback next week
GEAR-uP needs a transparency tune-up
Majuhome� built to last
Genting’s high-stakes double-edged win
Casino home run for Cohen

Others Also Read