Shanghai economy improves fitfully as end of Covid-19 lockdown nears

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SHANGHAI/BEIJING — Shanghai took further gradual steps on Friday (May 27) toward lifting its Covid-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China continues its uneven exit from restrictions.

The financial hub and the capital have been hot spots, with a harsh two-month lockdown to arrest a coronavirus spike in Shanghai and tight movement restrictions to quell a small but stubborn outbreak in Beijing.

Electricity consumption by Shanghai's large industrial enterprises rose steadily in the first three weeks of May to 83 per cent of 2021 levels, Mr Ruan Qiantu, head of the city's branch of China's State Grid, told reporters. The district of Pudong, home to the Port of Shanghai, the city's largest airport and its main finance centre, reopened 115 bus routes on Friday. The city is slowly expanding public transport after reopening four of its 20 subway lines and more than 250 bus routes on Sunday.

The capital this week has stepped up quarantines, reduced workplace attendance and cracked down on people flouting instructions. This strict approach has sometimes caused other problems.

 

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