Berliner Boersenzeitung - Beijing goes quiet as zero-Covid policy smothers capital

EUR -
AED 4.277162
AFN 77.177029
ALL 96.98154
AMD 445.220859
ANG 2.08478
AOA 1067.980321
ARS 1639.807507
AUD 1.778887
AWG 2.099274
AZN 1.97946
BAM 1.961494
BBD 2.344497
BDT 142.245385
BGN 1.955668
BHD 0.439114
BIF 3435.506113
BMD 1.164646
BND 1.514656
BOB 8.072435
BRL 6.159584
BSD 1.164024
BTN 103.204593
BWP 16.52397
BYN 3.971282
BYR 22827.061603
BZD 2.341096
CAD 1.633352
CDF 2489.432865
CHF 0.921934
CLF 0.027584
CLP 1082.13046
CNY 8.283835
CNH 8.262111
COP 4339.750512
CRC 584.720051
CUC 1.164646
CUP 30.863119
CVE 110.586034
CZK 24.168266
DJF 206.98069
DKK 7.468048
DOP 74.709771
DZD 151.548719
EGP 54.963953
ERN 17.46969
ETB 178.793442
FJD 2.64823
FKP 0.887018
GBP 0.881666
GEL 3.143329
GGP 0.887018
GHS 12.781104
GIP 0.887018
GMD 85.606997
GNF 10104.50719
GTQ 8.923249
GYD 243.526966
HKD 9.050406
HNL 30.620074
HRK 7.53072
HTG 152.378246
HUF 383.815491
IDR 19481.44127
ILS 3.753712
IMP 0.887018
INR 103.388363
IQD 1524.986
IRR 49046.156634
ISK 147.012932
JEP 0.887018
JMD 186.782234
JOD 0.825696
JPY 179.781163
KES 150.490387
KGS 101.848063
KHR 4665.544206
KMF 497.890837
KPW 1048.18459
KRW 1707.429629
KWD 0.357022
KYD 0.970016
KZT 608.710624
LAK 25266.348923
LBP 104237.704993
LKR 355.856812
LRD 212.43671
LSL 19.792623
LTL 3.438897
LVL 0.704482
LYD 6.351438
MAD 10.786814
MDL 19.590873
MGA 5210.12514
MKD 61.709143
MMK 2445.260952
MNT 4168.357151
MOP 9.31775
MRU 46.5722
MUR 53.335629
MVR 17.941433
MWK 2018.058481
MXN 21.295366
MYR 4.808857
MZN 74.490689
NAD 19.791856
NGN 1678.6737
NIO 42.836009
NOK 11.656361
NPR 165.127751
NZD 2.05436
OMR 0.447812
PAB 1.163979
PEN 3.921536
PGK 4.918278
PHP 68.515783
PKR 328.963902
PLN 4.2279
PYG 8199.804263
QAR 4.243318
RON 5.085309
RSD 117.168018
RUB 93.986163
RWF 1692.513414
SAR 4.367366
SBD 9.593622
SCR 17.605509
SDG 699.369135
SEK 10.927759
SGD 1.513335
SHP 0.873786
SLE 27.223578
SLL 24422.042133
SOS 664.027691
SRD 44.942487
STD 24105.820792
STN 24.572283
SVC 10.185569
SYP 12877.399041
SZL 19.78821
THB 37.61325
TJS 10.778791
TMT 4.076261
TND 3.428653
TOP 2.804188
TRY 49.209013
TTD 7.870151
TWD 36.211986
TZS 2841.736422
UAH 48.953915
UGX 4260.367968
USD 1.164646
UYU 46.284365
UZS 13937.460841
VES 271.67179
VND 30665.129184
VUV 142.305733
WST 3.276067
XAF 657.866806
XAG 0.021878
XAU 0.000277
XCD 3.147514
XCG 2.097972
XDR 0.820812
XOF 657.866806
XPF 119.331742
YER 277.772405
ZAR 19.805982
ZMK 10483.209073
ZMW 26.102777
ZWL 375.015537
  • RBGPF

    -0.0500

    78.47

    -0.06%

  • CMSC

    -0.2500

    23.83

    -1.05%

  • JRI

    -0.0700

    13.8

    -0.51%

  • RIO

    -0.1900

    70.92

    -0.27%

  • RELX

    0.1000

    41.46

    +0.24%

  • NGG

    0.2700

    78.3

    +0.34%

  • GSK

    0.2900

    48.36

    +0.6%

  • BCC

    0.3500

    70.63

    +0.5%

  • RYCEF

    -0.0700

    14.96

    -0.47%

  • BTI

    -1.0500

    54.77

    -1.92%

  • BCE

    0.1950

    22.965

    +0.85%

  • SCS

    0.0200

    15.77

    +0.13%

  • AZN

    1.0400

    88.72

    +1.17%

  • VOD

    0.0650

    12.435

    +0.52%

  • CMSD

    -0.3000

    24.25

    -1.24%

  • BP

    -0.2300

    36.63

    -0.63%

Beijing goes quiet as zero-Covid policy smothers capital

Beijing goes quiet as zero-Covid policy smothers capital

Millions of people in Beijing stayed home on Monday as China's capital tries to fend off a Covid-19 outbreak with creeping restrictions on movement.

Text size:

Beijing residents fear they may soon find themselves in the grip of the same draconian measures that have trapped most of Shanghai's 25 million people at home for weeks.

Officials there have said the eastern powerhouse is winning its battle against the country's worst outbreak since the pandemic began.

Yet the Shanghai lockdown has intensified, causing outrage and rare protest in the last major economy still glued to a zero-Covid policy.

That policy has winded an economy which just months ago had been bouncing back from the pandemic.

Customs data released Monday said exports in April slumped to their lowest monthly rate since June 2020, as key supply chains became knotted by restrictions.

The American Chamber of Commerce in China found that many of its member companies in Shanghai were still shut, with others delaying investments across the country in the face of the disruption.

Chairman Colm Rafferty warned the business community was "bracing for a mass exodus of foreign talent".

There is also a pressing political dynamic to China's virus response, with President Xi Jinping pegging the legitimacy of his leadership on protecting Chinese lives from Covid.

Xi -- expected to secure another five-year term later this year -- has doubled down on the zero-Covid approach, despite mounting public frustration.

In Beijing, subway stations and offices were empty during the Monday-morning rush hour across its most populous district of Chaoyang, after officials stepped up a work-from-home order over rising Covid cases.

Given the "severe and complicated" situation in the capital, official Xu Hejian told reporters that residents should not leave the city while recent negative Covid tests will be needed to enter public places including offices and supermarkets.

Schools are teaching online and gyms and entertainment venues remain closed.

"I feel very uncomfortable seeing so few people around," Wang, a middle-aged cleaner waiting outside a restaurant for her shift to start in the popular Sanlitun area, told AFP.

Beijing has reported hundreds of infections in recent weeks, with 49 new Covid-19 infections confirmed on Monday, a tiny number by international comparisons.

"Working from home is a little annoying, but we need to respond to the needs of the community," said Fang, a 35-year-old advertising professional queueing to get swabbed.

Some finance workers were staying at hotels near their offices as restrictions start to shape daily life in the city of 21 million.

A Beijing-based investment manager who has moved into a hotel near his workplace said his company had told him to "try not to go home" to avoid infection.

"Some of my friends have been advised not to take public transport to work, and to drive or take a bicycle, so as not to be affected by the spread."

- Shanghaied -

Shanghai has borne the brunt of the country's Omicron surge, with more than 500 deaths, according to official numbers.

Anger has seethed at the perceived bungling of virus controls, mixed messaging and heavy-handedness of Shanghai officials, including sweeping people with negative Covid tests into state quarantine and leaving entire neighbourhoods short of food.

Authorities have verified a video that ripped across social media over the weekend showing residents in Zhuanqiao Town neighbourhood clashing with hazmat-suited health authorities over food shortages.

"Police took action as soon as possible to persuade onlookers to disperse and calm the situation down," a statement by the Zhuanqiao Covid response team said Sunday.

Daily case numbers have dwindled into the low thousands but the financial hub has imposed fresh restrictions on residents of multiple neighbourhoods, according to notices seen by AFP, including some previously declared lower-risk.

(F.Schuster--BBZ)