Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Shanghai aims to reopen more COVID-shut businesses, Beijing battles on

Economy May 15, 2022 07:16AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
3/3 © Reuters. FILE PHOTO: Police and security members in protective suits stand outside cordoned off food stores following the coronavirus disease (COVID-19) outbreak in Shanghai, China March 29, 2022. REUTERS/Aly Song 2/3

By Brenda Goh and Tony Munroe

SHANGHAI/BEIJING (Reuters) -Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China's financial and manufacturing hub from Monday after weeks in strict COVID-19 lockdown, while Beijing battles a small but stubborn outbreak.

All but shut down for more than six weeks, Shanghai is tightening curbs in some areas that it hopes marks a final push in its campaign against the virus, which has infuriated and exhausted residents of China's largest and most cosmopolitan city.

Shopping malls, department stores, and supermarkets will begin resuming in-store operations and allow customers to shop in "an orderly way", while hair salons and vegetable markets will reopen with limited capacity, Vice Mayor Chen Tong told a media briefing on Sunday.

He gave no specifics on the pace or extent of reopenings, and many residents in the city of 25 million reacted online with scepticism.

"Who are you lying to? We can't even go out of our compound. You can open up, no one can go," said a user of China's Twitter-like Weibo (NASDAQ:WB), whose IP showed as being from Shanghai.

During Shanghai's lockdown, residents have been mainly limited to buying necessities, with normal online shopping largely suspended due to a shortage of couriers.

And while barbers and hairdressers have been giving haircuts on the street or in open areas of housing compounds, residents recently able to leave homes for brief outings to walk or buy groceries have generally appeared more dishevelled than usual.

In one hopeful sign, Shanghai's subway operator began testing trains on its vast network in preparation for reopening, a local government media outlet reported, but gave no indication of when it will do so.

Shanghai residents have been frustrated by unclear or inconsistent rules as the city makes tentative steps towards easing curbs.

In the Changning district on Sunday, a woman began walking her dog before being told by a policeman to go home.

"The lockdown hasn't lifted!", the policeman shouted.

OUTLIER APPROACH

China's strict "dynamic zero" approach to COVID has put hundreds of millions of people in dozens of cities under curbs of varying degrees in an attempt to eliminate the spread of the disease.

The curbs are wreaking havoc on the world's second-largest economy and rattling global supply chains even as most countries try to return to normal life despite continued infections.

New bank lending hit the lowest in nearly four and half years in April as the pandemic jolted the economy and weakened credit demand, central bank data showed on Friday.

The Asian Football Confederation said on Saturday that China had pulled out of hosting the 2023 Asian Cup finals due to COVID, the latest in a wave of sporting event cancellations by China and prompting social media speculation that its zero-COVID policy could persist well into next year.

China managed to keep COVID at bay after it was discovered in Wuhan in late 2019, but has struggled to contain the highly infectious Omicron variant. The World Health Organization said last week China's approach was not "sustainable".

Still, China is widely expected to stick with its approach at least until the congress of the ruling Communist Party, which is historically in the autumn, where President Xi Jinping is poised to secure a precedent-breaking third leadership term.

Despite the disruptions, no senior Chinese officials have spoken out publicly against a COVID-19 policy that Beijing defends as saving lives.

Case numbers in Shanghai continued to improve, with 1,369 daily symptomatic and asymptomatic infections reported, down from 1,681 a day earlier.

Importantly, the city reported no new cases outside of quarantined areas after finding one a day earlier. Consistently achieving zero cases outside quarantined areas is a key factor for officials determining when they can reopen the city.

Shanghai has achieved its zero-COVID target in more thinly populated suburban districts and started easing curbs there first, such as allowing shoppers to enter supermarkets, but it continued to tighten restrictions in many areas over the past two weeks, curtailing deliveries and putting up more fencing.

In Beijing, where restaurants have been shut for dining-in, several districts on Sunday extended work-from-home guidance and officials announced three more days of mass daily tests for most of the city's residents.

Beijing said it found 55 new cases in the 24 hours to 3 p.m. (0700 GMT) on Sunday, 10 of which were outside areas that are under quarantine. The city is scrambling to stamp out such community infections.

Shanghai aims to reopen more COVID-shut businesses, Beijing battles on
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Martijn WN
Speculeerbeer May 15, 2022 5:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What an absolutely ridiculous policy
brandon kely
brandon kely May 15, 2022 5:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yea you would rather have 1 mil people died in amerika right
Elmahdi Oummih
Elmahdi Oummih May 15, 2022 12:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Will the SP shoot up on Monday or was Friday a dead cat bounce followed by further lows in the upcoming week?
soho electronics
soho electronics May 15, 2022 12:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
in reality up, but with this news everyone will go long causing a drop and then a surge (long players will taken out before an upward trend)
Edward Chong
Edward Chong May 15, 2022 12:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
soho electronics oh u are so right. the big boys will squeeze the short terms players first.
Fabio falec
falec May 15, 2022 12:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is China, not US.
Anupam Anand
Anupam Anand May 14, 2022 11:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
good news after crisis
Anupam Anand
Anupam Anand May 14, 2022 11:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
good news after crisis
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email