Shanghai to cancel restrictions to resume work, introduce policies to support economy

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SHANGHAI (Reuters) – Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy. China’s commercial hub of Shanghai reported a broad decline in its economy last month as COVID-19 outbreaks prompted stringent restrictions and lockdowns, impacting manufacturing to retail sales and its property sector. Now, the city government will revise guidelines for epidemic prevention and control of returning to work, …

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