Home News China Focus

Shanghai unveils business restart plan on supply chain woes

Bloomberg4/17/2022 3:32 PM GMT+08  • 2 min read
Shanghai unveils business restart plan on supply chain woes
Shanghai is a production base for many companies, including Tesla Inc. and China’s state-owned SAIC Corp / Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Shanghai published plans to resume production in the city after weeks of Covid-19 lockdown snarled supply chains and dealt a blow to the Chinese economy.

Businesses should formulate plans for closed-loop management, where workers live on-site and are tested regularly. They should also apply for approval to restart production with Covid control authorities at the district and city levels, Shanghai’s Economic and Information Technology Commission said in a statement on its WeChat account. The agency did not provide a timetable of work resumption.

The lockdown in China’s financial hub, now in its third week, has squeezed everything from consumer spending to logistics and production. The key to addressing the economic woes is adjusting China’s Covid Zero policy, analysts said, as the Chinese central bank takes a cautious approach with monetary easing. But top officials have repeatedly warned about risks to growth and the need for more monetary and fiscal stimulus.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now