Shanghai has been closed for two months finally announced! The normal production and life order of the whole city will be fully restored from June!
Shanghai’s economy, which has been under great pressure from the epidemic, also received a major measure of support in the last week of May.
Shanghai municipal government released an action plan to speed up the city’s economic recovery and revitalization on The 29th, which includes eight aspects and 50 policies. Shanghai will abolish the approval system for enterprises to resume work and production from June 1, and introduce a series of policies covering the resumption of work and production, car consumption, real estate policies, tax cuts and exemptions, and household registration policies. We will stabilize foreign investment, promote consumption and increase investment.
This period of time, due to the outbreak of Shanghai, inadequate capacity on land import and export of goods jams, cause long triangle blockages of transportation of the goods and raw material production, formed the impact of supply chain, and disrupt the normal production order of Yangtze river delta, shutdown and the shortage of raw material production factors demand weakened the influence of trade orders, The number of containers shipped from China to the United States fell to its lowest level this year.
Fortunately, recent signs indicate that foreign trade in Shanghai and the Yangtze River Delta region is recovering with the resumption of work and production.
According to Shanghai Airport Group, cargo traffic at Pudong Airport continues to rebound, increasing by more than 60% since May compared with the same period last month. In addition, according to the Ministry of Transport, Shanghai port container throughput has recovered to 80 percent of last year.
At this stage, American retailers have already started “replenishment of winter inventory”. In addition, after the epidemic eased off, major factories in Shanghai have rushed out shipments at full speed. The market demand is likely to rebound rapidly, and the over-repressed export demand will start to increase, so the phenomenon of rush transportation may also occur.
Post time: Jun-06-2022