News

China COVID update. Beijing further relaxes curbs, Shanghai declare victory … but …

Beijing will reopen primary and secondary schools for in-person classes. Senior and middle high schools were allowed to return to classrooms from June 2, now all are reopening. Beijing shut its schools in early May and moved to online learning.

It’s a mixed bag still in Shanghai. The city’s Communist Party chief spoke on Saturday, saying his authorities had “won the war to defend Shanghai” against COVID. Meanwhile in Shanghai,

  • most students have not been allowed to resume in-person classes
  • dining indoors is still banned
  • mass PCR testing for its 25 million residents continues every weekend until the end of July

In Shenzhen on Saturday an announcement that it would shut all cinemas and parks, and all public events have been suspended in one district after 6 local cases were found. 50% capacity constraints were set for restaurants in the district

Shenzen residents must show a negative  COVID-19  test to enter public venues & transport taken within the last 24 hours (from 48 hours previously).

There are signs of improvement in China, but also setbacks.  Volatility  in reopening will continue, thus in the economy also.

China is struggling to emerge from 2020:

Hubei's capital city is Wuhan, the epicentre of the viral outbreak.

Articles You May Like

Gold firms near one-month peak on softer dollar, slowdown worries
The US stocks are mostly lower in early trading
Dollar’s Momentum Doesn’t Warrant a Reversal Yet
Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
USDJPY moves closer to the 100 hour MA. Will the dip buyers come in against the support?

Leave a Reply

Your email address will not be published.