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Shanghai’s small businesses and their staff scramble to minimise losses as Covid-19 lockdown delivers huge blow to revenues

Shanghai’s small businesses are scrambling to maintain daily operations and minimise losses, as the city endures a strict lockdown to combat its worst outbreak of Covid-19 so far. Businesses in the Chinese commercial hub are facing a serious hit to their income as the two-stage lockdown forced shops to close for four days after customer numbers had already slumped since the outbreak began in early March. Although the Shanghai municipal government said on Tuesday it is offering 140 billion yuan …

Read the original article at South China Morning Post

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