Omega Management logo

Shanghai Covid lockdown: City aims for business as usual but hurdles remain

Hong Kong
CNN Business

China’s richest and most international city is trying to return to business as usual after a two-month lockdown, but some restrictions will remain in place.

Shanghai authorities on Sunday pledged to allow all businesses to open up from Wednesday. The city’s deputy mayor, Wu Qing, announced the easing of restrictions at a press conference, alongside a raft of 50 new measures being taken to revive the city’s battered economy.

From June 1, businesses will no longer need so-called “white list” approval to have employees working on site. However, those wishing to get to work will still be required to present a negative Covid test 72 hours before taking public transportation.

Shanghai has been under some form of lockdown since late March, leaving tens of millions of people confined…

Read more…