China’s commercial hub of Shanghai reported on Friday (May 20) a broad decline in its economy last month when a city-wide COVID lockdown shut factories and kept residents at home, sparking concerns among foreign firms over their presence in the country. Output of Shanghai’s industries, located at the heart of manufacturing in the Yangtze River .
SHENZHEN, China (Reuters) - European businesses in China are awaiting the next wave of disruption from COVID-19 outbreaks and see little chance of imp.
Over the weekend, the capital city of Beijing closed theme parks and banned dining in restaurants to control Covid just as a five-day holiday got underway.