Restoration of economic vitality outlined

The city’s long-term economic momentum and foundations remain unchanged despite ‘unprecedented’ challenges, Vice Mayor Wu Qing told a news conference on Sunday as the city pledges new efforts to restore confidence and economic vitality.

The city government has released a package of measures to stabilize economic performance, aiming to get the economy back on its normal path.

Companies in Shanghai will no longer need a prior permit to reopen businesses from June 1.

“We will implement country-level practices and preferential pro-growth policies to address pressing issues in specific sectors,” he said.

For example, in addition to retailers and restaurants that are eligible for subsidies for PCR testing and pandemic prevention expenses, district-level authorities are also encouraged to offer subsidies to postal and courier service providers, accommodation, tourism and those in other business sectors.

At least two groups of food companies, retailers, manufacturers of petrochemical raw materials, have been given the green light to ensure the supply of basic necessities and personal protective equipment since mid-April to maintain demand for raw materials. first vitals.

Zhou Weihong, deputy general manager of Shanghai-based travel agency Spring Tour, said the policy package addresses some of the most pressing issues for the tourism industry.

“I believe that as new measures to encourage cultural and tourism spending and relevant targeted subsidies are put in place, it will gradually build confidence and lead to a gradual recovery of the industry,” said- she declared.

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Wu Jincheng, director of the Shanghai Economy and Informatization Commission, said that in addition to businesses offering daily necessities, relevant authorities will respond to requests from those located in commercial buildings, industrial parks and allow them to resume their business activities and ensure the daily travel of employees.

Shanghai EasyServe, a dedicated portal for local businesses to provide pandemic prevention guidance and relevant policy inquiries, has attracted more than 12,000 registered businesses and more than 3.7 million visits.

A total of three groups of large commercial and foreign enterprises totaling around 1,500 have resumed operations since April.

Inditex Group, the parent company of ZARA, took over the freight charter business from the main warehouse in Europe to Shanghai Pudong Airport in early May.

Disinfection of all imported cargoes and nucleic acid testing is completed upon arrival to ensure they are eligible for domestic distribution, with support from China Eastern Airlines Cargo Terminal at Pudong Airport and from COSCO’s air transport department.

Its warehouse in Huaqiao in the neighboring city of Kunshan, the largest and most important logistics center in the Asian market, has fully resumed operations. Cargo volume has returned to around 70% of pre-lockdown levels.

Its Songjiang district warehouse, which is responsible for storing and distributing ZARA online orders, has resumed operations under government guidance and support.

For export business to Japan and South Korea, it also works closely with COSCO to mitigate the impact of insufficient shipping capacity.

Restoration of economic vitality outlined

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Delivery orders are gradually resuming on major online platforms.

Retailers in the city’s prevention areas also fulfilled online orders after lockdown restrictions were gradually lifted.

A total of 22 Tim Hortons coffee shops in Shanghai have resumed operations, 11 of which offer community group buying services. They have served nearly 2,200 community complexes since mid-April.

Take-out coffee and bakery orders can be placed from Ele.me, Meituan and its own official WeChat mini program.

More than 2,000 restaurants, dessert and beverage shops are now open for delivery orders on Meituan.

On Friday, the number of take-out snack and drink shops on Meituan more than doubled from a week ago.

Restaurants in the Taikoo Li Qiantan mall have resumed takeout service since mid-April through Ele.me, and the average number of orders has steadily increased.

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