Covid’s spread across all of China and the increasingly strict controls in cities and provinces is undermining the economy’s recovery and prompting stronger action from the central bank to bolster growth.
China is in the middle of its largest and most widespread outbreak of the pandemic, with almost 450,000 new cases this month popping up in every province. Major cities like Guangzhou, Beijing and Zhengzhou have imposed new restrictions to contain infections, curbing residents’ mobility and business activity, and prompting demonstrations in major cities.
As of November 21, cities comprising about 20 percent of China’s gross domestic product were under some form of lockdown measure, according to estimates by Nomura Holdings Inc. About 412 million people were affected by these restrictions last week, up from 340 million the previous week. “The accommodation and catering sector fell the most in November” followed by declines in wholesale and retail, along with real-estate sales, they wrote.
Only 12,000 trips were made on Chongqing’s subway last Thursday, well below the daily average this year of 2.7 million trips. Congestion in major Chinese cities also fell last week, as restaurants, businesses and some workplaces closed and people stayed home.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Protests across China as anger mounts over zero-COVID policyHundreds of people took to the streets in Beijing and Shanghai on Sunday to protest against China&39;s zero-COVID policy in a rare outpouring of public anger against the state.
Read more »
Protests across China as anger mounts over zero-Covid policyHundreds of people took to the streets in China’s major cities on Sunday to protest against the country’s zero-Covid policy, in a rare outpouring of public anger against the state.
Read more »
Shanghai hit by COVID-19 protests as anger spreads across China(1st UPDATE) In Shanghai, residents gathered for a candlelight vigil that turns into a protest
Read more »
Clashes in Shanghai as COVID protests flare across ChinaSHANGHAI/BEIJING - Hundreds of demonstrators and police clashed in Shanghai on Sunday night as protests over China&039;s stringent COVID restrictions flared for a third day and spread to several
Read more »
Shanghai hit by COVID protests as anger spreads across China - BusinessWorld OnlineSHANGHAI/BEIJING — Protests against China’s heavy coronavirus disease 2019 (COVID-19) curbs spread to more cities, including the financial hub Shanghai on Sunday, nearly three years into the pandemic, with a fresh wave of anger sparked by a deadly fire in the country’s far west.
Read more »
China COVID cases hit fresh record high after weekend of protests - BusinessWorld OnlineBEIJING — China posted another record high coronavirus disease 2019 (COVID-19) infections on Monday, after an extraordinary weekend of protests across the country over restrictive coronavirus curbs, in scenes unprecedented since President Xi Jinping assumed power a decade ago.
Read more »