Shanghai Covid Cases Hold Below 10,000 as Beijing Curbs Rise
(Bloomberg) -- Shanghai reported fewer than 10,000 Covid-19 cases for a second day, adding to cautious signs the financial hub's outbreak is starting to ease as Beijing imposed a raft of new restrictions aimed at avoiding a similar crisis in the capital.
Shanghai -- home to 25 million people -- reported 7,333 new cases for Sunday, down from 7,872 on Saturday. On Sunday, city authorities clarified their threshold for zero community spread, saying six districts “basically” met this criteria and can enjoy less restrictive measures.
However, in Beijing, which reported 41 new cases for Sunday compared with 59 cases on Saturday, authorities are clamping down to ensure the Labor Day holiday period doesn't spark a wider outbreak. The city has closed gyms and cinemas and banned dining-in at restaurants during the holiday, which runs through Wednesday. Parks and open entertainment venues will operate at 50% capacity.
After the holiday ends, students and workers will need to get a negative Covid test within 48 hours to be able to return to school and work. Residents will have to get a negative result within seven days to catch public transport and enter public venues, and everyone in the city of about 22 million people will then need to be tested weekly.
Beijing authorities announced a new round of mass testing in 12 districts, starting on May 3, during a press briefing Monday. Since April 22, Beijing has reported a total of 400 Covid cases across 14 districts, according to the city government.
Read more: China's Lockdowns Wreak Havoc on Economy as Xi Pledges Support
The nation is battling its worst outbreak since the virus emerged in Wuhan in late 2019, with the lockdown imposed on Shanghai's residents one of the longest and most punishing. The city's crisis has prompted other regions to impose more hardline measures at the slightest sign of flareups to avoid the social and economic dislocation endured by the financial hub.
Jingjiang, a city of about 665,000 people in Jiangsu province, announced a lockdown Sunday after finding just one asymptomatic case.
©2022 Bloomberg L.P.
With assistance from Bloomberg
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.