Shanghai lockdown: Chinese financial hub set to lift curbs on firms
The announcement came as the city launched a 50-point plan aimed at revitalising Shanghai's economy, which before the lockdown was worth more than $600bn .
Banks will also be asked to renew loans to small and medium-sized businesses totalling $15bn this year. The latest moves aimed to revitalise the city's hard-hit economy come on top of measures rolled-out at the end of March. The lockdown has seen many of its residents lose income, struggle to find enough food and cope mentally with prolonged isolation.
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