hello there. a significant easing of restrictions in shanghai, which will allow most people to move freely around the city after more than two months of a full lockdown. hooray! the curbs on movement have crippled demand and production. on tuesday, beijing unveiled a stimulus package with 33 measures to try and revive the economy. but china s overall policy of zero covid remains very much in place according to our reporters on the ground. joining me now is iris pang, who is the chief economist at ing wholesale banking. iris, is china open for business? yes, it is. the unwinding of long down in shanghai is a very big step but lockdown is a very big step to the recovery of china. very big step to the recovery of china- very big step to the recovery of china. ~ ., i. ., ~ ., of china. what you make of the olicies of china. what you make of the policies john of china. what you make of the policies john has of china. what you make of the policies john has had of china. wh
it s actually a shock for everyone and a lot of businesses are affected. down the supply chain, dry goods, yes the chicken rice stalls are out of business, the vegetables suoply, out of business, the vegetables supply, they can t do their business as well as the dry goods. let s check in with the market and see what has been going on in the last session. asian markets are somewhat mixed, stabilising a little bit and then you ve got brent crude, thatis then you ve got brent crude, that is the price of a barrel of oil, $115 a barrel. it was about 120, shut up to something like hundred and 25 a couple of hours later after we got that announcement from the eu about sanctions on russian oil, it has since kept because of that wall streetjournal report we were talking about, and the
To ensure seamless supply of provisions, vegetables and fruits, the district administration has deployed vegetable and fruit wagons in the district. According to a release, over 300 vehicles have been