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China to help Shanghai auto and chip sectors recover from lockdown

Drugmakers also among key businesses covered in plan to revive economic activity

A worker at an SAIC Motor-Volkswagen plant in Shanghai in 2019. The Chinese automaker has paused production in the city.   © Reuters

BEIJING/SHANGHAI -- China will assist automakers, chip producers and other key businesses in getting back on track from the lockdown in Shanghai as protracted coronavirus-related restrictions squeeze economic activity in the country's commercial and financial hub.

The Ministry of Industry and Information Technology and the Shanghai government recently published a whitelist of 666 companies to receive government assistance to continue or restart operations in the city. The roster includes infrastructure operators and medical service providers that serve Shanghai, as well as key businesses critical to the Chinese economy.

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