Shanghai starts reopening businesses after weeks of harsh lockdown

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Shanghai starts reopening businesses after weeks of harsh lockdown
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Shopping malls, stores and supermarkets will begin resuming operations on Monday

Residents line up for Covid-19 tests during lockdown in Shanghai, China, May 12, 2022. Picture: ALY SONG/ REUTERS

He gave no specifics on the pace or extent of reopenings, and many residents in the city of 25-million reacted online with scepticism. In one hopeful sign, Shanghai’s subway operator began testing trains on its vast network in preparation for reopening, a local government media outlet reported, but gave no indication of when it will do so.

New bank lending hit the lowest level in nearly four-and-half years in April as the pandemic jolted the economy and weakened credit demand, central bank data showed on Friday.

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