Full lockdown - Beijing expands mass testing as lockdown fears grow

Elsewhere, the city also shut down some or all buildings in five residential compounds, adding to others that were locked down on Sunday.

Beijing โ€” 's capital, Beijing, began mass testing of more than 3 million people on Monday to find cases and restricted residents in one part of the city to their compounds, sparking worries of a wider.

When the COVID-19 cases subsided, the businesses were allowed to open with several restrictions, including 50 percent capacity.

A recent example is the trade war with the United States, which generated nationalist support but damaged the economies of coastal manufacturing cities like Shanghai.

After the one-size-fits-all policies of the Great Leap Forward in the 1950s, the post-1978 reform government decision-making to regional governments, which were given much more over economic policy and were encouraged to compete with one another.

But the impact may soon also be felt outside China if lockdowns persist.

It wasn't a total lockdown - stores continued to operate - but cinemas, karaoke bars and other entertainment venues were ordered closed.

I would recommend that investors remain cautious about FII flows in the near term.

Description: A lockdown usually allows essential supplies, grocery stores, pharmacies and banks to continue to serve the people.

Views: 8229 Date: 29.10.2022 Favorited: 36 favorites
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Under its zero-COVID policy, China has used lockdowns, mass testing and to stamp out infections.
The capital's most populous district, Chaoyang, was the first to order mass testing from Monday, with people waiting in long lines to be swabbed by in protective gear.
Honestly, I do not think we have seen the full extent of FII selling in emerging markets yet.

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    April's full lockdown of Shanghai and stricter curbs elsewhere have since further pummelled the job market. Despite the costs, Chinese authorities are unwavering in their commitment to stamp out.
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