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Shanghai allows 4 million out of homes as virus rules ease

Shanghai allows 4 million out of homes as virus rules ease

13 Sept 06:39 Key points summarised by AI
  • Shanghai eased strict COVID-19 lockdowns, permitting an additional 4 million residents to leave their homes, bringing the total allowed outdoors to nearly 12 million.
  • The International Monetary Fund (IMF) slashed China's economic growth forecast to 4.4% for the year, citing the severe impact of city-wide shutdowns on industrial activity and warning of global supply chain disruptions.
  • China's 'zero-COVID' strategy continues to enforce stringent controls across major industrial hubs, causing production disruptions for global manufacturers and raising concerns about agricultural output.
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