"Authorities in Shanghai have announced that some Covid-19 lockdown measures imposed on businesses will be lifted from Wednesday.Plans have also been introduced to support the city's economy, which has been hit hard by the restrictions.
The announcement came as the city launched a 50-point plan aimed at revitalising Shanghai's economy, which before the lockdown was worth more than $600bn (£475bn).The new measures included reducing some taxes for car buyers, speeding up the issuance of local government bonds, and fast-tracking approvals of building projects".Under the plans, drivers who switch to an electric vehicle will be able claim a $1,500 subsidy."
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Price($) | Vol. | No. |
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