Coronavirus Update: Shanghai Shutdown Worries Persist as Xi is Subject to Restraints

The 13 million-person city of Xi, China, implemented interim control measures for seven days after 18 coronavirus cases were discovered there and in compliance with the nation's "zero" policy.

July 06, 2022 - 12:13 PM 309 views

Coronavirus Update: Shanghai Shutdown Worries Persist as Xi is Subject to Restraints

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© Coronavirus Update: Shanghai Shutdown Worries Persist as Xi is Subject to Restraints

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The 13 million-person city of Xi, China, implemented interim control measures for seven days after 18 coronavirus cases were discovered there and in compliance with the nation's "zero" policy.

Zhang Xuedong, a city official, declared that Xi'an will put in place "seven-day interim control measures," which include:

Pubs, internet cafes, and karaoke bars that are open to the public will close at midnight on Wednesday.

Restaurants may still sell takeout but will not be permitted to serve diners inside.

Schools will break up for the summer early, and colleges will lock down their campuses.

In the meantime, worries about a potential lockdown in Shanghai city increased after the government began mass testing in nine districts where covid cases had been discovered in the previous two days.

The city government announced in a statement posted on its official WeChat account that the two rounds of Covid mass testing will be carried out between Tuesday and Thursday in the nine districts as well as some areas in another three districts. The goal is to "identify and prevent outbreak risks as early as possible."

According to a Shanghai city official, "other entertainment venues can continue open" but KTV karaoke facilities in the city "shall halt operations."

He did, however, add that "from July 8 onward, a phased reopening of theatres and concert venues will continue take place."

As of Wednesday, Shanghai reported two new covid illnesses under quarantine.

The Market Reaction

Concerns about China's covid shutdown have further dampened risk sentiment, as the S&P 500 futures have erased early gains to trade at 0.28 percent for the day. However, as of this writing, USD/CNY is down 0.22 percent for the day at 6.7043.

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