News Snapshot:
Restaurants , coffee shops and tea-houses in Shanghai started receiving customers on Wednesday after a three-month hiatus because of the city’s Covid-19 outbreak. Shop owners and employees were, however, keeping their fingers crossed and hoped that no new cases would be detected in their areas. “We did see some ‘revenge spending’ today, and it is a good sign that suggests business will recover if the pandemic curbs are lifted fully,” said Wang Xiaoliang, owner of Yimianqian, a fast-food restaurant in Pudong. “But restaurants are vulnerable to any further lockdown measures. We have already lost a lot of money this year.”...