China Shanghai "Unfair Restrictions Lifted for Resuming Work on Next Month 1st"
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022052210030375489_1653181384.jpg)
[Asia Economy Reporter Minji Lee] The Shanghai municipal government in China announced on the 29th that it will lift "unreasonable restrictions" to allow companies to resume operations starting from the 1st of next month.
According to major foreign media outlets, Shanghai Vice Mayor Wu Qing stated in a briefing that from Wednesday (June 1), in order to balance COVID-19 control and economic development, the epidemic prevention guidelines and work resumption control guidelines will be revised, and "unreasonable restrictions" on companies' resumption of work and production will be removed.
Hot Picks Today
Dramatic Agreement Reached on Eve of Samsung Electronics General Strike... Minister Kim Young-hoon: "Showcased Korea's Strength in Dialogue" (Update)
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
He also announced that the "white list," which has been the list of companies permitted to resume operations, will be abolished. Shanghai companies have suffered significant damage due to the two-month-long lockdown, and the impact has also affected the global supply chain.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
