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Shanghai’s surge in exports, foreign investment may be short-lived as overseas economies still grapple with coronavirus, official warns

Shanghai, mainland China’s commercial and financial capital, is bracing for turbulent times as the Covid-19 pandemic still wreaking havoc in other countries could derail the city’s rising exports and foreign direct investment (FDI).An economic recovery in the mainland’s gateway city has yet to find solid ground as economic uncertainties abound around the world, according to Tang Huihao, deputy head of Shanghai’s statistics bureau.“The pandemic is still developing around the globe,” said Tang at…

Read the original article at South China Morning Post

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