He wrote that the lockdown in Shanghai will be extended due to the coronavirus, which returned on Monday, and residents who live in a building where a positive case has been found will have to stay home for another 10 days. guardian.
In the eastern half of China’s largest city, the four-day lockdowns were supposed to be completed on Friday, but on Thursday night it was announced that the restrictive measures would continue.
The western half of Shanghai was scheduled to close on Friday morning, leaving the majority of the city’s 26 million residents in quarantine.
Meanwhile, economists at Morgan Stanley drastically cut China’s economic growth forecast for this year, while Citigroup warned of risks to the outlook for the second quarter. Trine Nguyen, chief economist at Natixis in Hong Kong, said China’s zero-deficit policy is currently the biggest risk to the Chinese economy, and predicted the worst.
“April will be horrific as the Shanghai lockdown extends (…) and that will have repercussions regionally and globally, affecting both demand and supply.”
Nguyen said.
The German company BMW closed its factories in the city of Shenyang, northeast of Liaoning Province, due to the outbreak of the epidemic. Oil prices have also fallen due to the slowdown in the Chinese economy, as markets anticipate that the world’s second largest economy will not need the same amount of fuel.
The city said Friday morning that 4,144 asymptomatic cases and 358 active cases were recorded on Thursday, and 5,298 and 355 cases on Thursday.
About 16 million people will be tested at the lockdown in Puxi, on the western side of the Shanghai River. Residents are not allowed to leave their place of residence during the four-day period, and food or beverages can only be accessed by home delivery.
Most of the cases have so far been reported from Jilin Province, which borders North Korea.
(Featured photo: A health care worker takes a sample from a woman in Changning District in Shanghai, eastern China, on April 1, 2022. Photo: Jin Liuang/Xinhua/AFP)
