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Reuters
Reuters
Business
Ryan Woo and Stella Qiu

COVID-hit Shanghai heads for lockdown exit but China still lost in economic gloom

Worker in protective suits ride electric scooters across the street at a closed residential area during lockdown, amid the coronavirus disease (COVID-19) outbreak, in Shanghai, China, May 26, 2022. REUTERS/Aly Song

Pandemic-hit Shanghai, China's financial hub, unveiled more post-lockdown plans on Thursday as it moves towards a return to normalcy, but a nationwide economic recovery is still a distance away, heightening a sense of urgency for more support.

China's biggest city by economic output has suffered from the lockdown imposed in early April. Other cities not under lockdown but still hemmed in by COVID curbs, including Beijing, have also struggled, with the highly transmissible Omicron provoking stronger responses from health authorities this year.

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