Shanghai inch towards lifting the coveted lockdown

'Tomorrow will be better': Shanghai Cowid Lockdown

Most Shanghai residents are confined to housing compounds. Reuters

Shanghai:

China’s Shanghai metropolis is slowly reopening after a two-month hiatus from the Kovid-19 lockdown, as the capital, Beijing, maintains sanctions that have reduced the number of cases but severely curtailed the movement.

Shanghai originally aims to end the lockdown on Wednesday. More people have been allowed out of their homes in the past week and more businesses have been allowed to reopen, although most residents are confined to their housing compounds and most stores are limited to deliveries.

Shanghai officials called for continued vigilance on Saturday, although most of its 25 million inhabitants live in areas that are in the least risky “prevention” section.

“Wear a mask in public, do not hold any gatherings and maintain social distance,” Zhao Dandan, deputy director of the Shanghai Municipal Health Commission, told a daily news conference.

The video on social media showed drunkards on Friday night, including many foreigners who were drinking and dancing on the streets in a central area of ​​the city, when police prevented them from going home.

Another video shows a group on the street singing an emotional 1985 song called “Tomorrow Will Be Better,” with a keyboard player. Police arrive, allow them to finish the song before telling them to go home, complimenting them online for showing restraint.

The two-month lockdown in China’s largest and most cosmopolitan city has left residents frustrated and angry, with thousands of people often segregated in crowded central amenities. Many residents struggled to get adequate food or medical care during her first week.

Economic impact

As the number of lawsuits across the country improves, China’s strict adherence to zero-covid has destroyed the world’s second-largest economy and disrupted the global supply chain, leaving investors worried about the lack of a roadmap to exit President Xi Jinping’s signed policy. .

The economic impact was evident in data released on Friday, showing that industry companies’ April profits fell 8.5% year-on-year, with Covid-19 limitations and factory disruptions due to their sharpest fall in two years, high raw material prices and supply chain chaos. Activity

China’s approach, which Beijing says is necessary to save lives and prevent its health care system from being overwhelmed, has been challenged by the Omicron variant. In contrast, despite the constant spread of coronavirus, most people in the world are trying to lead a normal life.

The conflict between defeating Kovid’s expansion and supporting the economy comes at a politically sensitive year, with the ruling Communist Party expected to secure an unprecedented third term in Congress in the autumn.

During an emergency meeting on Wednesday, Premier Li Keqiang acknowledged the weak growth and said that the economic woes in some respects were worse than in 2020 after China was initially attacked by COVID-19. His remarks prompted market expectations of further steps to support the economy.

Small steps

On Friday, Fengxian District, a suburb of Shanghai, revoked the condition of having a pass for residents to leave.

State-run Shanghai Securities News reported decent steps towards a return to normalcy in the financial sector, with more than 10,000 bankers and businessmen who have been living and working in their offices slowly returning home since the lockdown began.

China City Bank’s Shanghai branch plans to send about 30 employees to its office tower by Wednesday when 11 employees of Bank of Shanghai returned to work at its office headquarters this week, the newspaper reported. As of Friday, more than 100 bank outlets had resumed operations, it said.

China reported 362 daily coronavirus cases on Saturday, down from 444 a day earlier. In Beijing, most of which is under strict sanctions this month, the new outbreak on Friday dropped from 29 to 24.

Although Shanghai officials have reported a community-level case in its Songxiang district, they have expressed confidence in the measures they are taking to identify and control the infection chain.

Sun Xiaodong, deputy director of the Shanghai Center for Disease Control and Prevention, said, “If these measures are implemented effectively, we can prevent the return of the epidemic, even if it is sporadic, so don’t worry.”

(This story was not edited by NDTV staff and was automatically generated from a syndicated feed.)

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