Shanghai’s industrial output shrank fastest since 2011 in April, retail sales dived 48% on year amid city-wide lockdown

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China's commercial and financial hub of Shanghai reported a broad decline in its economic activities in April amid a city-wide COVID lockdown which shut factories and kept residents at home.

Output of Shanghai's industries, located at the heart of manufacturing in the Yangtze River Delta, shrank 61.6% in April from a year earlier to 136.4 billion yuan, according to data released by the local statistics bureau on Friday. That's . . .

 

 

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