A temperature check point in Shanghai on Wednesday. Recent measures taken by the authorities to contain a fresh Covid-19 outbreak are ‘too harsh’ and may hurt the city’s economy, according to one small business owner. Photo: Reuters A temperature check point in Shanghai on Wednesday. Recent measures taken by the authorities to contain a fresh Covid-19 outbreak are ‘too harsh’ and may hurt the city’s economy, according to one small business owner. Photo: Reuters
A temperature check point in Shanghai on Wednesday. Recent measures taken by the authorities to contain a fresh Covid-19 outbreak are ‘too harsh’ and may hurt the city’s economy, according to one small business owner. Photo: Reuters
China economy

Shanghai’s small businesses brace for more pain after mainland economic hub reports new Covid-19 cases

  • Shanghai’s gross domestic product fell 0.3 per cent over the first three quarters of this year
  • City’s economy is more dependent on services and consumption, so more vulnerable if the coronavirus comes back, East China University of Science and Technology professor says

Topic |   China economy
A temperature check point in Shanghai on Wednesday. Recent measures taken by the authorities to contain a fresh Covid-19 outbreak are ‘too harsh’ and may hurt the city’s economy, according to one small business owner. Photo: Reuters A temperature check point in Shanghai on Wednesday. Recent measures taken by the authorities to contain a fresh Covid-19 outbreak are ‘too harsh’ and may hurt the city’s economy, according to one small business owner. Photo: Reuters
A temperature check point in Shanghai on Wednesday. Recent measures taken by the authorities to contain a fresh Covid-19 outbreak are ‘too harsh’ and may hurt the city’s economy, according to one small business owner. Photo: Reuters
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