Tuesday, June 3, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

China’s capital city Beijing battles Covid with more apartment lockdowns

by Euro Times
November 25, 2022
in Markets
Reading Time: 4 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities.

Jade Gao | Afp | Getty Images

BEIJING — China’s capital city is grinding to a near standstill as Covid controls spread.

More and more apartment compounds in Beijing on Friday forbade residents from leaving for at least a few days. That’s on top of a growing number of bans on business activity, which have forced gyms to close and restaurants to halt in-store dining.

“This morning most of our 30+ staff reported their communities went into a 7-day lockdown,” James Zimmerman, partner in the Beijing office of Perkins Coie, said on Twitter Friday. He said a day earlier, the firm had to tell all its employees to work from home.

It was not clear how many people were affected at a city level, and to what degree stay-in-place measures were being enforced. Beijing has a population of roughly 22 million.

“You constantly hear of someone going into lockdown and you have this constant feeling that you’re going to be next,” Joerg Wuttke, president of the EU Chamber of Commerce in China, said Friday. He estimated that about 40% of people in his office area were locked down.

Beijing city government did not immediately respond to a request for comment.

Municipal authorities have not announced a city-wide lockdown, and warned it’s in a “critical” period for controlling the virus.

Local infections have surged despite gradual tightening of Covid measures over the last two weeks. Beijing city reported more than 1,800 Covid infections for Thursday, bringing the total for the month to well over 10,000.

Other parts of mainland China have reported similar surges in infections — to a nationwide new daily high of more than 32,000 for Thursday.

The central government this month sent an encouraging signal to investors about future reopening by trimming quarantine times, among other changes. But the zero-Covid policy itself didn’t change.

“Initially when the [new measures] came out, we did feel somewhat positive. But now, we’re finding that interpretation varies widely,” said Jennifer Birdsong, Chengdu-based member of the EU Chamber’s Southwest China Chapter Board. “There is a great deal of variation in what may be interpreted as necessary lockdown.”

“Right now, we are also in a situation where bars, restaurants and gyms, all of them [were] closed last night,” she said, adding that business owners are frustrated by the lack of notice.

She said the restrictions mean some workers have had to sleep at factories, only to find they aren’t able to get food delivered.

Plunge in road traffic

Data show that people in Covid-hit areas are moving around less, willingly or unwillingly.

Baidu traffic data showed Beijing has fallen from being the most congested city in all of China to 74th place.

Subway ridership in the southwestern municipality of Chongqing plunged by nearly 99% from a year ago, according to a Goldman Sachs report Friday.

That in the southern city of Guangzhou fell by about 65% from last year, the report said.

Guangzhou, the capital of the export-heavy province of Guangdong, has been hardest hit by this month’s Covid wave. Some frustrated residents have even broken through lockdown barriers, local officials said Thursday, according to state media.

Only parts of the city have locked down. But businesses are worried and are working overtime to make sure they can fulfill their orders without disruption, said Klaus Zenkel, vice president at the EU Chamber of Commerce in China and chairman of its South China chapter.

He said one company in the food industry had to lock down for about a week, and lost hundreds of tons of an unspecified material.

Read more about China from CNBC Pro

EU Chamber members in Shanghai are moving meetings online and taking other preventative measures, while in the northern city of Shenyang, restaurants and gyms have had to close again, local business representatives said.

Overall, the EU Chamber noted Friday a need for greater emphasis on vaccinating the local population. China lags the U.S. and Singapore when it comes to vaccination rates for seniors.

Chinese authorities have focused in recent months on using frequent virus testing and more targeted measures in an attempt to control Covid outbreaks while allowing some business activity.

“We will keep pushing papers … to the [Chinese] administration, because I think they are soul-searching how to deal with this situation,” Wuttke said. “China has a zero-tolerance policy and finds it difficult to get itself out of this corner.”





Source link

Tags: apartmentBattlesBeijingCapitalChinascityCovidlockdowns
Previous Post

Rare banknotes going under the hammer to help raise money for food banks

Next Post

$100 In Ethereum 5 Years Ago Becomes -Here’s How Much

Related Posts

Is AI Becoming Sentient? – Banyan Hill Publishing

Is AI Becoming Sentient? – Banyan Hill Publishing

by Ian King
June 3, 2025
0

2001: A Area Odyssey left an indelible mark on me once I was a child. HAL 9000, the ship’s AI,...

Investors are piling into big, short Treasury bets with Warren Buffett

Investors are piling into big, short Treasury bets with Warren Buffett

by Jason Gewirtz
June 2, 2025
0

Traders at all times pay shut consideration to bonds, and what the newest motion in costs and yields is saying...

Trump’s tax bill could weaponize U.S. capital markets, hit foreign direct investment

Trump’s tax bill could weaponize U.S. capital markets, hit foreign direct investment

by Anuron Mitra
June 1, 2025
0

Jun. 01, 2025 11:25 AM ETS&P 500 Index (SP500), SH, SPY, VOO, IVV, SDS, RSP, SSO, UPRO, SPXUBy: Anuron Mitra,...

Top Wall Street analysts prefer these dividend stocks for consistent returns

Top Wall Street analysts prefer these dividend stocks for consistent returns

by TipRanks.com Staff
June 1, 2025
0

The Dwelling Depot brand is displayed exterior a retailer on March 10, 2025 in San Diego, California. Kevin Carter |...

Why JPMorgan hired NOAA’s Sarah Kapnick as chief climate scientist

Why JPMorgan hired NOAA’s Sarah Kapnick as chief climate scientist

by Diana Olick
June 1, 2025
0

Sarah Kapnick began her profession in 2004 as an funding banking analyst for Goldman Sachs. She was struck nearly instantly...

Insurance stocks Lemonade, Mercury among biggest financial gainers of the week

Insurance stocks Lemonade, Mercury among biggest financial gainers of the week

by Liz Kiesche
May 31, 2025
0

Could 31, 2025 10:25 AM ETXLF, KB, MCY, MARA, TRUP, CLSK, BTC-USD, PLMR, LMND, GLXY, ETOR, AIFUBy: Liz Kiesche, SA...

Next Post
0 In Ethereum 5 Years Ago Becomes -Here’s How Much

$100 In Ethereum 5 Years Ago Becomes -Here's How Much

How the Georgia Senate runoff election works

How the Georgia Senate runoff election works

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

21Shares courts retail with 3-for-1 Bitcoin ETF stock split

21Shares courts retail with 3-for-1 Bitcoin ETF stock split

June 3, 2025
5.8-magnitude earthquake shakes Turkish coast

5.8-magnitude earthquake shakes Turkish coast

June 3, 2025
Top CNN Reporter OUT After Outlet Pays Navy Vet Millions of Dollars in Defamation Settlement | The Gateway Pundit

Top CNN Reporter OUT After Outlet Pays Navy Vet Millions of Dollars in Defamation Settlement | The Gateway Pundit

June 2, 2025
Justin Sun takes center stage at Bitcoin Vegas 2025 with TRON DAO as top sponsor of Code + Country and co-host of Kraken’s Oceanic Night

Justin Sun takes center stage at Bitcoin Vegas 2025 with TRON DAO as top sponsor of Code + Country and co-host of Kraken’s Oceanic Night

June 3, 2025
Coherent Sees Growth In The Data Center Market; Exits Non-Core Businesses (NYSE:COHR)

Coherent Sees Growth In The Data Center Market; Exits Non-Core Businesses (NYSE:COHR)

June 2, 2025
Suspect charged with hate crime in attack at pro-Israeli rally in Colorado

Suspect charged with hate crime in attack at pro-Israeli rally in Colorado

June 3, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

21Shares courts retail with 3-for-1 Bitcoin ETF stock split

5.8-magnitude earthquake shakes Turkish coast

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In