Coronavirus Update: China’s Capital City Beijing to Slowly Lift the Limitations this Week

On Monday, the Dine-In-Service will start in Beijing. "Kick starts the normal work.

June 06, 2022 - 12:50 PM 258 views

Coronavirus Update: China’s Capital City Beijing to Slowly Lift the Limitations this Week

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© Coronavirus Update: China’s Capital City Beijing to Slowly Lift the Limitations this Week

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After Friday’s US labour market report, the Chinese capital city of Beijing is slowly lifting the COVID limitations, and this is happy news for all the investors who are starting a fresh week.

On Sunday, China’s capital city, Beijing, reported 19 new infections. Hence, Beijing’s officials declared that the Chinese residents should return to work from Monday onwards and that schools will start from June 13th.

Additional Details

On Monday, the Dine-In-Service will start in Beijing.

"Kick starts the normal work.

In the majority of areas of Beijing, the traffic limitations will be lifted on Monday.

Shanghai, the country's financial powerhouse, will witness a further gradual relaxation of restrictions after a majority of the city's 25 million residents have been able to roam freely since Wednesday.

As per Reuters, the Shanghai city has reported six latest local symptomatic cases, up from five and 16 latest local asymptomatic cases were reported in comparison with the nine on the last day.

 The Market Reaction

China's reopening optimism has boosted risk sentiment, with the S&P 500 futures up 0.42 percent on the day and the AUD/USD pair holding steady at 0.7200 despite recent US dollar rise.

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