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China braces for economic slowdown as Covid spreads

China’s economy is bracing for an even bigger slowdown as fears of an expanding lockdown in Shanghai and the spread of Omicron elsewhere continue to grow. Long-lasting restrictions across the country could push gross domestic product growth toward 4 percent this year, according to UBS Group AG, well below the…
Chen Si Tao Wang Liu Peiqian Researchers At Chinese University Of Hong Kong Natwest Group Plc Economists At Nomura Holdings Inc

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Shanghai Bars All From Leaving Homes, Allowed Out Only To Get Covid Test

Shanghai cranked up lockdown restrictions for people residing in the eastern half of the city, barring everyone from leaving their homes even to walk their dogs as local daily Covid-19 infections jumped to a record 4,477 on Tuesday.
Wu Qianyu China National Health Commission Shanghai Municipal Health Commission Pfizer Inc Shanghai Stock Exchange Shanghai Bars All From Leaving Homes
Source: ndtv.com

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