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Shanghai to cancel several restrictions on companies to aid economy

Businesses will also from June 1 no longer need to apply to resume work, he said, without detailing what other restrictions were being removed

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People move out in Beijing, after the government eased some curbs, amid the latest Covid outbreak | Photo: Reuters

Reuters Shanghai
Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy.

China’s commercial hub of Shanghai reported a broad decline in its economy last month as Covid-19 outbreaks prompted stringent restrictions and lockdowns, impacting manufacturing to retail sales and its property sector.

Now, the city government will revise guidelines for epidemic prevention and control of returning to work, cancel “unreasonable restrictions” on the resumption of work and production for enterprises and do

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 30 2022 | 1:17 AM IST

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