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Shanghai Lowers Typhoon Alert Level as Muifa Weakens

  • Financial hub slowly reopening after day of heavy wind, rain
  • China issued highest typhoon warning for first time this year
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WATCH: Typhoon Muifa is heading directly for Shanghai after it made landfall on China’s eastern coast. Charlie Zhu reports.Source: Bloomberg
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Shanghai dropped its typhoon alert to the lowest level and was gradually getting back to normal a day after Muifa disrupted daily activity with strong winds and heavy rain.

The city restarted subway services early Thursday, and commuters were returning to work in the Lujiazui area, home to the nation’s stock market and major banks and insurers.