Friday, February 13, 2026
  • 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

Guangzhou closes schools, Shanghai record cases

by Euro Times
April 11, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


All 11 districts of Guangzhou metropolis started one other spherical of mass Covid testing late final week, whereas elementary and center faculties shifted to on-line studying as of Monday.

Costfoto | Future Publishing | Getty Pictures

BEIJING — One other main Chinese language metropolis has tightened Covid restrictions because the nation struggles to include a nationwide outbreak stretching from Shanghai within the southeast to the northern provinces.

The southern metropolis of Guangzhou closed in-person lessons at elementary and center faculties as of Monday, shifting programs on-line. The measures will final for not less than per week, in accordance with a metropolis announcement over the weekend.

Municipal authorities stated locals mustn’t depart the town until crucial, and would wish a unfavorable virus take a look at from inside the final 48 hours to take action.

Guangzhou — capital of Guangdong, a manufacturing-heavy province — reported 27 new Covid circumstances for Sunday, together with 9 with out signs. That is up from a complete of 11 circumstances a day earlier, in accordance with the Nationwide Well being Fee.

Shanghai reported a report excessive mixed variety of circumstances for Sunday, 914 with signs and 25,173 with out. For Saturday, authorities reported 1,006 circumstances with signs and 23,937 asymptomatic ones.

The southeastern metropolis accounts for many of mainland China’s new Covid circumstances. Shanghai stays in lockdown — with most individuals pressured to remain of their flats and get meals by supply — a couple of week after a two-part shutdown was initially supposed to finish.

Shanghai had shifted elementary and center faculties to on-line studying a couple of month in the past on March 12. The 2-stage lockdown started on March 28 within the title of mass virus testing.

All 11 districts of Guangzhou metropolis started one other spherical of mass testing late final week. Town stated Saturday it’s within the means of turning an expo middle right into a makeshift hospital.

The newest wave of circumstances stems from the extremely transmissible omicron variant and marks the worst Covid outbreak on the mainland for the reason that preliminary part of the pandemic in early 2020.

Manufacturing facility closures, worries about jobs

Electrical automobile firm Nio introduced Saturday it was suspending manufacturing and delaying supply of its automobiles since suppliers within the northern province of Jilin, Shanghai and the close by Jiangsu province have needed to halt manufacturing as a consequence of Covid.

A Morgan Stanley survey discovered that at first of this month, about 31% of Chinese language individuals have been nervous they would not have the ability to pay debt or hire — a number of share factors increased than the March to Could 2020 interval.

Worries about job losses climbed again to ranges seen in mid-March 2020, however barely off highs seen that April, the survey discovered.

Morgan Stanley analysts do not anticipate important modifications to China’s zero-Covid coverage till after October or November this 12 months. On March 31, the analysts lower their annual GDP forecast to 4.6%, down from 5.1%.

That very same day, Citi analysts raised their China GDP forecast to five.0% from 4.7% on expectations Covid’s influence on the economic system would lead to extra authorities stimulus.

Learn extra about China from CNBC Professional

After battling a spike in Covid circumstances since late February, the northern province of Jilin — house to many vehicle factories — has began to see a leveling out. The variety of day by day new Covid circumstances in Jilin has fallen from greater than 1,000 or 2,000 a day, together with asymptomatic ones, to a number of hundred a day.

Beijing, the capital of China, reported no new regionally transmitted circumstances for Sunday. The encircling province of Hebei reported 100 new circumstances, all asymptomatic.

Different main cities throughout the nation, together with Xi’an and Chengdu in central China, and Suzhou and Nanjing nearer to the coast, every reported lower than 10 new circumstances with signs for Sunday.



Source link

Tags: CasesclosesGuangzhourecordSchoolsShanghai
Previous Post

Microvast Stock is a Pure Play on EV Battery Technology

Next Post

The IPOX® Week, April 11th, 2022 – Low Cost Stock & Options Trading | Advanced Online Stock Trading

Related Posts

BSE gets Sebi nod to launch ‘Focused Midcap Index’ futures and options contracts

BSE gets Sebi nod to launch ‘Focused Midcap Index’ futures and options contracts

by Euro Times
February 13, 2026
0

BSE has obtained approval from capital markets regulator Sebi to launch by-product contracts on the "BSE Targeted Midcap Index," increasing...

IREN Stock: Execution De‑Risk And Secured Capacity Drives Growth (NASDAQ:IREN)

IREN Stock: Execution De‑Risk And Secured Capacity Drives Growth (NASDAQ:IREN)

by Analysis Fundamental
February 13, 2026
0

This text was written byObserveI'm an skilled Danger Administration Enterprise Analyst at a Systemic Greek Financial institution, with a powerful...

Share Market Live February 13: Sensex, Nifty set for cautious start after global tech stocks slide

Share Market Live February 13: Sensex, Nifty set for cautious start after global tech stocks slide

by KS Badri Narayanan
February 13, 2026
0

“AI listened to 2 Cr calls, transformed voice to textual content, and gave us information. Textual content-to-data conversion occurred for...

Hermes beats sales expectations, sees positive signs in China

Hermes beats sales expectations, sees positive signs in China

by Reuters
February 12, 2026
0

Paris: Hermes, whose purses promote for $10,000 and extra, on Thursday reported stronger than anticipated fourth-quarter income progress, lifted by...

PFC, REC say merger transition smooth; merged firm to have 20% exposure cap | Company News

PFC, REC say merger transition smooth; merged firm to have 20% exposure cap | Company News

by Business Standard
February 13, 2026
0

Energy sector financier Energy Finance Company (PFC) and its subsidiary REC Ltd on Thursday stated they count on to...

ServiceNow buys Israeli BI co Pyramid Analytics

ServiceNow buys Israeli BI co Pyramid Analytics

by Meytal Vaizberg and Assaf Gilead
February 13, 2026
0

ServiceNow, Inc. (Nasdaq: NOW) introduced the signing of an settlement to amass Israeli firm Pyramid Analytics right this moment....

Next Post
The IPOX® Week, April 11th, 2022 – Low Cost Stock & Options Trading | Advanced Online Stock Trading

The IPOX® Week, April 11th, 2022 - Low Cost Stock & Options Trading | Advanced Online Stock Trading

Turning eBay Profits into Cash-Flowing Rentals

Turning eBay Profits into Cash-Flowing Rentals

Cameco Shares Fall After Reporting Higher Q4 Profit and Strong Full-Year Growth

Cameco Shares Fall After Reporting Higher Q4 Profit and Strong Full-Year Growth

February 13, 2026
Ex-Israeli PM Ehud Barak apologizes for maintaining Epstein relationship after 2008 conviction

Ex-Israeli PM Ehud Barak apologizes for maintaining Epstein relationship after 2008 conviction

February 13, 2026
Monthly Dividend Stock In Focus: Morguard North American Residential REIT

Monthly Dividend Stock In Focus: Morguard North American Residential REIT

February 13, 2026
UN Needs to Be Put on ‘Diet,’ Reformed Like NATO

UN Needs to Be Put on ‘Diet,’ Reformed Like NATO

February 13, 2026
Why You Should Handwrite Someone You Love a Card

Why You Should Handwrite Someone You Love a Card

February 13, 2026
Is it too early to write your will?

Is it too early to write your will?

February 13, 2026
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

Cameco Shares Fall After Reporting Higher Q4 Profit and Strong Full-Year Growth

Ex-Israeli PM Ehud Barak apologizes for maintaining Epstein relationship after 2008 conviction

  • 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