Chinese regulators scramble to unclog logistics, stabilize supply chains as more businesses warn of economic tolls of Shanghai lockdown

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Several Chinese regulators on Friday pledged to maintain smooth logistics and stabilize supply chains after more businesses warn that the strict measures to contain Covid-19 outbreaks in Shanghai and neighbouring regions are triggering severe economic disruptions.

Richard Yu, CEO of Intelligent Automotive Solution Business at Huawei Technologies, said on WeChat that "if Shanghai doesn't resume production soon, almost all tech/industrial companies which have suppliers in Shanghai and neighbouring areas will have to . . .

 

 

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