Shanghai is pinning its hopes on infrastructure construction to get the local economy back on track following a woeful first-half performance. Photo: Xinhua
Shanghai is pinning its hopes on infrastructure construction to get the local economy back on track following a woeful first-half performance. Photo: Xinhua

Shanghai bets on infrastructure, fixed-asset investment to claw back economic losses from two-month citywide lockdown

  • Mega projects ranging from metro lines to data centres are set to create a cascade of demand for industrial products, say company bosses
  • Shanghai’s GDP shrank 13.7 per cent in the second quarter as residents were confined to their homes and manufacturing was suspended

Shanghai is pinning its hopes on infrastructure construction to get the local economy back on track following a woeful first-half performance. Photo: Xinhua
Shanghai is pinning its hopes on infrastructure construction to get the local economy back on track following a woeful first-half performance. Photo: Xinhua
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