Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

More work to resume in Shanghai's zero-COVID areas from June

Published 05/18/2022, 11:43 PM
Updated 05/18/2022, 11:45 PM
© Reuters. Women carry boxes of food on a street during lockdown, amid the coronavirus disease (COVID-19) outbreak, in Shanghai, China, May 18, 2022. REUTERS/Aly Song

SHANGHAI (Reuters) -The COVID-19-hit financial hub of Shanghai will start to allow more businesses in zero-COVID areas to resume normal operations from the beginning of June, a deputy mayor said on Thursday as the city looks forward to the end of lockdown.

Shanghai, fighting China's biggest ever coronavirus outbreak, has been steadily allowing more businesses to reopen and letting larger numbers of residents leave their homes for the first time in nearly seven weeks.

The city was "striving to achieve a full resumption of work and production as soon as possible", deputy mayor Zhang Wei told a media briefing.

"The rhythm of work resumption" would be based on the epidemic prevention situation, he said, adding that for the rest of May, many workers would remain in "closed loops", which often involves staff living at their work places.

Shanghai's stable energy, water and information infrastructure throughout the outbreak "guarantees that the city's pulse has the strength to beat after the slowdown, and also supports the continuous recovery of the city's economy", he said.

After nearly two months of disruptions, cargo deliveries were gradually returning to normal, Zhang said, with daily container throughput at Shanghai's ports now at about 90% of levels a year ago.

© Reuters. Women carry boxes of food on a street during lockdown, amid the coronavirus disease (COVID-19) outbreak, in Shanghai, China, May 18, 2022. REUTERS/Aly Song

Pudong Airport cargo throughput had reached 70% of last year's levels, while freight vehicles entering and leaving the city was back to two thirds.

Yu Fulin, an official with Shanghai's transportation commission, told the briefing the city would start to restore main cross-district public transport on May 22. The priority would be reopening routes connecting the city's airports, railway stations and hospitals, he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.