US firms still not fully operating after Shanghai lockdown

Controlled movement: A man walks on the Bund in Shanghai. A survey of about 130 firms highlights Shanghai’s slow emergence from a strict lockdown that confined most residents to their homes since March. — AFP

SHANGHAI: The majority of US businesses in Shanghai have resumed operations following the city’s tough coronavirus lockdown, but their levels of activity are well-below normal due to continued restrictions on movement.

Just 31% of manufacturing and services companies surveyed by the American Chamber of Commerce in Shanghai last week said they were fully operational.