Frustration in Shanghai over COVID-19 lockdown policy
Frustration in Shanghai over COVID-19 lockdown policy

Frustration in Shanghai over COVID-19 lockdown policy

Shanghai’s COVID-19 lockdown continues to wreak havoc on its 25 million people, with many struggling to make ends meet as China pursues a strict zero-tolerance policy to tackle the spread of the virus.

More than 22,000 COVID cases were registered over the weekend – representing 95% of China’s new Covid cases. There have been about 320,000 cases in the country’s richest city, China’s worst outbreak since the beginning of the pandemic.

On Monday, three deaths were reported among people between the ages of 89 and 91.

Those who test positive are placed in public isolation centers even though they are asymptomatic.

Many locals have complained that some of these insulation centers do not comply with minimum hygiene conditions, cold temperatures and leaky roofs.

Tensions boiled over Friday as residents clashed with police in white PPE suits as they tried to cross barricades blocking other parts of the city.

What also remains volatile is China’s economic forecast. In its first quarter, China’s growth increased by 4.8% – falling below the annual target of 5.5%.

Growth fell to 1.3% compared to the previous quarter in the first three months of 2022, down from a 1.4% in the last quarter of last year, official data showed on Monday.

The slowdown is hurting China’s trading partners by pushing up demand for oil, steel, consumer goods, food and other imports. Oil prices, which rose after Russia’s attack on Ukraine, have fallen somewhat amid expectations that Chinese consumption will weaken.

The first three months of 2022 do not take into account the shutdown of Shanghai and its impact on the economy, so many investors are worried that the GDP rate will fall further.

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