A local Communist Party official has announced that Shanghai is set to start returning to normal life as the city targets to stop the spread of Covid-19 outside of quarantined areas. The party secretary of the city's Baoshan district, Chen Jie, said in a speech that it was an order that had come as the city's situation reached a “critical moment” with growing public anxiety and food supply pressures. Business leaders have been increasingly outspoken about the toll of the lockdowns on the Chinese economy. The lockdown in China's financial hub has squeezed everything from consumer spending to logistics and production. Analysts said that the key to addressing the economic woes is adjusting China's Covid Zero policy as the Chinese central bank takes a cautious approach with monetary easing.
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