Investors had expected China to implement its strict Covid Zero strategy once the Communist Party’s pivotal congress consolidated President Xi Jinping’s grip on power. Instead, it turns out that the opposite is happening.
New lockdowns are being imposed from Wuhan, the original epicenter of Covid, to China’s trade belt on the east coast. Schools and restaurants in restaurants in the southern Guangzhou production hub have been suspended, while selective closures continue in the metropolises of Beijing and Shanghai. with apartment buildings and neighborhoods subject to stay-at-home orders if you have visited even a close contact of an inflamed user.