News Snapshot:
BEIJING: China’s exports rebounded strongly in May, data showed Thursday, with factories restarting and supply chains untangling as Shanghai slowly emerged from a grueling COVID lockdown. The economic hub started going under a lockdown in late March and most of its 25 million residents were confined to their homes for around two months as China persists with its zero-COVID strategy. Strict movement restrictions in multiple cities-sometimes over just handfuls of cases-kept consumers at home and battered the economy, dragging retail sales, factory output and export growth to their lowest levels in about two years. But as curbs began to ease,...
