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

EUR -
AED 4.212777
AFN 72.835586
ALL 94.512843
AMD 422.248264
ANG 2.053494
AOA 1052.895931
ARS 1680.790338
AUD 1.635257
AWG 2.067368
AZN 1.95436
BAM 1.956354
BBD 2.309354
BDT 140.73988
BGN 1.939347
BHD 0.432422
BIF 3423.630825
BMD 1.146945
BND 1.480319
BOB 7.92328
BRL 5.90941
BSD 1.146625
BTN 108.087801
BWP 15.582008
BYN 3.185903
BYR 22480.122
BZD 2.305963
CAD 1.623185
CDF 2615.035015
CHF 0.925648
CLF 0.026299
CLP 1035.072439
CNY 7.764364
CNH 7.780559
COP 3960.034063
CRC 520.14739
CUC 1.146945
CUP 30.394043
CVE 110.569964
CZK 24.190336
DJF 203.835517
DKK 7.474072
DOP 66.986043
DZD 152.939427
EGP 57.331754
ERN 17.204175
ETB 181.647461
FJD 2.564
FKP 0.867567
GBP 0.866531
GEL 3.039852
GGP 0.867567
GHS 12.874504
GIP 0.867567
GMD 84.304874
GNF 10064.442782
GTQ 8.746478
GYD 239.84901
HKD 8.988436
HNL 30.606273
HRK 7.533254
HTG 149.77244
HUF 351.906109
IDR 20445.785654
ILS 3.394682
IMP 0.867567
INR 108.1919
IQD 1502.49795
IRR 1577049.375404
ISK 143.976448
JEP 0.867567
JMD 181.171337
JOD 0.813229
JPY 185.008009
KES 148.419043
KGS 100.300781
KHR 4599.249852
KMF 492.617229
KPW 1032.250901
KRW 1752.130969
KWD 0.353179
KYD 0.955446
KZT 559.543917
LAK 25295.872375
LBP 102708.92515
LKR 382.668433
LRD 208.916469
LSL 18.815678
LTL 3.386631
LVL 0.693776
LYD 7.311819
MAD 10.580612
MDL 20.248208
MGA 4817.169398
MKD 61.628611
MMK 2408.272435
MNT 4107.54883
MOP 9.256923
MRU 45.947051
MUR 54.881752
MVR 17.720734
MWK 1992.243861
MXN 19.872547
MYR 4.745948
MZN 73.301688
NAD 18.814173
NGN 1560.350288
NIO 41.990088
NOK 11.102662
NPR 172.945006
NZD 1.997675
OMR 0.441554
PAB 1.14663
PEN 3.881306
PGK 5.032508
PHP 69.638491
PKR 319.223511
PLN 4.259467
PYG 7041.056554
QAR 4.175458
RON 5.239364
RSD 117.183799
RUB 83.845404
RWF 1679.12748
SAR 4.299026
SBD 9.24601
SCR 15.693948
SDG 688.744688
SEK 10.98638
SGD 1.482316
SHP 0.85631
SLE 28.387314
SLL 24050.86738
SOS 655.483268
SRD 42.898615
STD 23739.445827
STN 24.544623
SVC 10.032843
SYP 126.774237
SZL 18.814083
THB 37.723444
TJS 10.63456
TMT 4.014308
TND 3.339618
TOP 2.761569
TRY 53.262066
TTD 7.775237
TWD 36.375404
TZS 3017.595134
UAH 51.508996
UGX 4173.182519
USD 1.146945
UYU 45.84299
UZS 13769.075108
VES 695.774297
VND 30176.12295
VUV 136.226685
WST 3.156058
XAF 656.142926
XAG 0.017685
XAU 0.000276
XCD 3.099677
XCG 2.066386
XDR 0.807102
XOF 648.024305
XPF 119.331742
YER 273.665193
ZAR 18.876464
ZMK 10323.885445
ZMW 20.552914
ZWL 369.315822
  • CMSC

    0.0500

    22.37

    +0.22%

  • RELX

    -0.8300

    31.18

    -2.66%

  • NGG

    -1.2400

    79.44

    -1.56%

  • CMSD

    0.0000

    22.29

    0%

  • RBGPF

    -0.5300

    60.61

    -0.87%

  • VOD

    -0.2300

    14.3

    -1.61%

  • RYCEF

    -0.0300

    18.4

    -0.16%

  • BCC

    3.8500

    74.66

    +5.16%

  • JRI

    0.0500

    12.67

    +0.39%

  • BCE

    0.0000

    23.28

    0%

  • RIO

    -2.5900

    100.08

    -2.59%

  • BP

    -1.0400

    39.1

    -2.66%

  • BTI

    -0.5800

    58.91

    -0.98%

  • GSK

    -1.4800

    50.67

    -2.92%

  • AZN

    -2.9600

    174.93

    -1.69%

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)