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Some in Shanghai allowed out to shop; end of COVID lockdown in sight

Some in Shanghai allowed out to shop; end of COVID lockdown in sight

14 Sept 10:00 Key points summarised by AI
  • Shanghai residents in some areas are now permitted to go out for grocery shopping, marking the first time in nearly two months, signaling a gradual easing of the city-wide COVID-19 lockdown.
  • The city has reported no new infections outside quarantined zones for a fifth consecutive day, strengthening its "zero COVID" status and paving the way for further re-opening measures.
  • Authorities are implementing a phased re-opening strategy, prioritizing the resumption of work and production, with plans to allow more businesses to operate normally from early June.
  • While some economic activities like port throughput and freight movement show recovery, China's stringent "zero COVID" policy continues to impact global supply chains and has led to reduced economic growth forecasts.
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