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Shanghai’s Economy Takes Hit in April Amid Citywide Lockdown

Shanghai’s Economy Takes Hit in April Amid Citywide Lockdown
An empty road is seen at Shanghai Central Business District during a lockdown, amid the COVID-19 pandemic, in Shanghai on April 16, 2022. Aly Song/Reuters
Alex Wu
5/21/2022|Updated: 5/22/2022

Shanghai’s economy was hit hard in April by a nearly two-month-long lockdown because of COVID-19.

The latest data published by authorities show that in April, the total industrial output in Shanghai fell by 61.5 percent year-over-year. An expert pointed out that the Chinese communist regime’s extreme lockdown of Shanghai under its “Zero-COVID” policy has crushed investors’ confidence.

Alex Wu
Alex Wu
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Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
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