China Covid-19 cases rise, with city of Guangzhou on edge | World News,The Indian Express

Rebounding Covid-19 infections and China's aggressive response to them are causing disruption for residents and businesses in cities across the country and weighing on financial markets, including for global commodities.

Rebounding Covid-19 infections and China’s aggressive response to them are causing disruption for residents and businesses in cities across the country and weighing on financial markets, including for global commodities.

In Beijing, organisers of China’s flagship auto show said the event, already postponed, will not take place this year due to the Covid-19 situation in the capital, which reported 95 new infections for the previous day, up from 80 a day earlier.

While China’s infection numbers are low by global standards – new domestic cases rose to 8,824 on Wednesday – the country continues to stick with its outlier zero-Covid approach, fuelling widespread public frustration and inflicting damage on the world’s second-largest economy.

In Guangzhou, home to about 19 million people, cases hit more than 2,000 for a third straight day and officials have launched mass testing, resisting for the time being a city-wide lockdown of the type that paralysed Shanghai for two months earlier this year.

“As things stand, it is hard to tell whether Guangzhou will repeat the experience of Shanghai in spring this year. If Guangzhou repeats what Shanghai did in spring, it will lead to a new round of pessimism on China,” Nomura analysts wrote in a Thursday note.

https://indianexpress.com/article/world/china-covid-19-cases-rise-city-guangzhou-edge-8261321/

---