As Chinese authorities are beginning to announce a gradual easing of the harsh measures imposed as per the country's zero-COVID policy, one episode in Beijing has resulted in additional restrictions, it was reported.
China's central bank announced last Friday a flat reduction of 25 basis points of in banks' reserve requirements, as part of the anticipated pro-growth measures to stimulate the world´s second-largest economy. The slowing down of domestic consumption in the first half of the year, flared by the outbreaks in Shanghai, are expected to be stronger in the second half.
As a part of its zero-tolerance for covid-19 cases, the Government of China has been separating children from their parents to handle the recent outbreak in Shanghai.
Chinese authorities have decided to shut down Disneyland and Disneytown temporarily In Shanghai between Monday and Tuesday out of COVID-19 concerns, it was announced.
The Chinese city of Shanghai has said that all imports of what it qualified as “high risk” frozen foods should be tested for coronavirus and have packaging disinfected before being stored or sold locally.
Shanghai copper hit its highest in nearly 25 months on Monday, while London copper scaled a 24-month high, on supply worries from top producer Chile due to a potential strike at a mine.
Investors erased US$ 393 billion from China’s benchmark stock index on Monday, sold the Yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.
Cruise line operators have canceled cruises to China after the outbreak of the coronavirus in China. The new virus that first appeared in the Chinese city of Wuhan in December has so far killed over 100 people and infected approximately 6,000 others.
President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai.
From August 29 to September 3, Chile will celebrate nearly 49 years of diplomatic and economic cooperation with China by staging the 5th annual Chile Week in China celebration in Beijing and Shanghai, which will feature senior Chilean government delegates led by former President Eduardo Frei, leaders of Chilean industry and dozens of economic, cultural and consumer-focused events.