Global investment banks are pushing ahead with ambitious expansion plans in Shanghai despite a strict lockdown in China's financial capital, the Financial Times reported Friday.
Machines have started to buzz again at carmakers including Tesla and Volkswagen in China after a hiatus of weeks because of COVID-19 outbreaks in the country's two major vehicle-producing cities.
Shanghai is on track to resume production and ensure smooth logistics following a COVID-related citywide lockdown since April 1, as the city moves to safeguard its industrial and supply chains.
Shanghai is working hard to overcome bottlenecks in logistics and help e-commerce platforms increase production and transport capacity amid strong COVID-19 flare-ups.
Two large-scale nucleic acid testing bases for COVID-19 were completed and put into use in the Shanghai International Medical Zone, which is located in the China (Shanghai) Pilot Free Trade Zone, on April 6 and 7.
Shanghai authorities are working to improve the efficiency of discharging recovered patients from makeshift hospitals, or fangcang, to make room for new cases.
Shanghai began implementing a three-zone epidemic control system on Monday that categorizes communities based on the level of COVID-19 infections, which will allow some residents restricted movement.
The Shanghai government vowed on Thursday to ensure its 25 million residents receive daily necessities.