China Covid Cases Jump to Six-Month High as Outbreaks Flare
(Bloomberg) -- China's daily Covid cases jumped to the highest in more than six months, as outbreaks flared across the nation and health officials declared the nation will stick with its strict virus controls.
The country reported 5,436 cases for Sunday, up 27% from the day before to the most since May 2, when Shanghai was in the midst of its months-long lockdown.
Beijing has shut schools in its most populous district, ordering students to study from home as an outbreak in the capital persists. Multiple schools in the Chaoyang district, home to corporate headquarters and embassies, halted in-person schooling from Monday, according to social media posts, although there's been no official government statement. Beijing reported 55 new infections for Sunday.

Hopes China would start to wind back its zero-tolerance approach to the virus -- fanned by unverified social media posts last week -- were damped by comments from health officials over the weekend. China will “unswervingly” adhere to its current virus controls given increasingly serious outbreaks, cadres from the National Health Commission said at a highly anticipated briefing Saturday.
“Previous practices have proved that our prevention and control plans and a series of strategic measures are completely correct,” Hu Xiang, an official at the NHC's disease prevention and control bureau, told reporters. “The policies are also the most economical and effective.”
Explore Bloomberg's Exclusive China Covid Dashboard on the Terminal
Shares of Chinese companies tied to reopening declined in early trading Monday, led by airlines such as Air China Ltd. and Cathay Pacific Airways Ltd. and restaurant groups Haidilao International Holding Ltd. and Yum China Holdings Inc.
Still, there are some embryonic signs the country is at least considering easing -- or optimizing -- some aspects of the policy, which sees lockdowns implemented when even one case emerges and has left China globally isolated.
German Chancellor Olaf Scholz said Friday during a short visit to Beijing that China will make BioNTech SE's Covid-19 vaccine available to foreigners living in the country. The announcement came after Bloomberg News reported authorities are working on plans to scrap a system that penalizes airlines for bringing virus cases into China.
Read more: China Said to Prepare Plan to End Covid Flight Suspensions
Officials are also debating a potential reduction in mandatory traveler quarantine, Bloomberg reported last month, citing people familiar with the deliberations.
However, NHC officials said over the weekend that outbreaks across the country made sticking to current policies important. The central government will also ask local authorities in cities including Zhengzhou and Shenzhen to correct excessive Covid control measures, said Tuo Jia, another health commission official.
The southern manufacturing hub of Guangzhou found 1,935 cases. Haizhu, the downtown district where most of the cases were detected, is currently under a three-day lockdown announced Saturday, as local authorities struggle to reach zero transmission of the virus.
Zhengzhou, the capital of Henan province and home to the world's largest iPhone factory, reported 297 cases for Sunday, after it came under lockdown since last week. Municipal authorities pledged to take target Covid restrictions as the country's National Health Commission named it as one of the places to have implemented overly excessive virus curbs over the weekend's press briefing.
Apple Inc. said Sunday shipments of its newest premium iPhones will be lower than previously expected after China's lockdowns affected operations at a supplier's factory.
Read more: Apple Cuts Outlook for IPhone Shipments on China Lockdowns
(Adds stock reaction in sixth paragraph.)
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
-
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.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.