News Snapshot:
SHANGHAI expects to face weeks, if not months, of slow recovery until economic activity is fully restored from the Covid lockdown that began in March, reports Bloomberg. Based on the experiences of other Chinese cities like Wuhan in 2020 and Jilin earlier this year, it will take time for shops to reopen or factories to secure supplies and resume production. Most of Shanghai's 25 million people can move freely, many factories and businesses remain closed or operating below capacity with the harbour - the world's biggest - remains backed up and truck traffic is at about a quarter of pre-Covid...
