The Pak Banker

Shanghai courier industry gradually resumes operation

- SHANGHAI

Express delivery companies in Shanghai are gradually resuming operation disrupted by the COVID-19 resurgence, as the city has started to issue traffic permits for the delivery of important supplies.

The Shanghai Municipal Postal Administra­tion recently issued a notice allowing postal and express delivery companies to apply for traffic permits for qualified vehicles and personnel. The permits, which can be recognized across the country, allow vehicles carrying key supplies such as medical and epidemic-control materials, daily necessitie­s and important production materials to enter and leave COVID-19-affected areas.

On Tuesday, STO Express delivered a batch of supplies from Shanghai to Tianjin in north China with a newly obtained traffic permit, marking the orderly resumption of the company's courier business in Shanghai.

China's Xi Jinping has called for an "all-out" campaign to build infrastruc­ture, according to state media, marking the latest attempt by leaders to boost growth in the Covid-battered economy.

Despite struggling to defeat the country's worst outbreak in two years, the leadership is digging in its heels with a strict zero-Covid policy that involves lockdowns in the biggest cities and mass testing.

But the measures have snarled supply chains and hammered business morale, sending shockwaves through the global economy and markets.

"Infrastruc­ture is an important support for economic and social developmen­t," Xi said at a high-level meeting on Tuesday, according to the official Xinhua news agency.

And the Central Committee for Financial and Economic Affairs meeting added that China's "infrastruc­ture is still incompatib­le with the demand for national developmen­t and security".

The meeting identified several sectors such as transport and energy where an infrastruc­ture boost was needed, including the constructi­on of ports and airports.

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