Shanghai and its surrounding areas have been spared the worst of Typhoon Chanthu, which was due to make landfall Tuesday, but remained off the coast, 225 kilometres to the city’s east.
The typhoon brought high winds and rain to the country’s economic capital and its surrounding regions, but did not directly hit the Chinese mainland with full force as had been predicted.
On Monday, in response to the extreme weather, Shanghai’s government suspended schools, trains and planes and many employees were encouraged to work from home. By Tuesday evening, many transport links were re-opened and students were told they could return to school the following day.
China’s producer price inflation has been impacting the cost of sourcing. Now, fashion brands are also bracing for broader economic pressures that may lead consumers to tighten their belts.