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Politics
Prognosis


CHINA’S SPREADING OUTBREAK STOKES FEAR OF BEIJING LOCKDOWN

 * Beijing residents rush to buy groceries on fears of lockdown
 * Chinese stocks, currency extend slump on economy concerns


Shanghai Reports Record Daily Covid Deaths in Current OutbreakBloomberg News
April 25, 2022, 1:36 AM GMTUpdated onApril 25, 2022, 9:42 AM GMT


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TRACKING COVID-19

349, 989
New cases reported worldwide, April 24
6, 218, 109
Total deaths reported worldwide
58,954 in France
France
58,954
Most new cases today
11, 544, 346, 261
Vaccine doses administered in 184 countries
+20%
Change in MSCI World Index of global stocks since Jan. 23, 2020
+1. 114
Change in U.S. treasury bond yield since Jan. 23, 2020
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China’s coronavirus outbreak worsened as rising cases in Beijing sparked jitters
about an unprecedented lockdown of the capital, with policy makers racing to
avert a Shanghai-style crisis that’s already wrought havoc on the financial hub.

Worries that the country’s strict adherence to Covid Zero will further damage
the economy dragged down stocks to oil and iron ore on Monday. It’s also sparked
a bout of panic buying as Beijing residents -- fearful of being caught
unprepared in the event of a citywide shutdown-- rushed to stock up on food and
other supplies after the government announced mass testing plans and put some
areas under lockdown. 

Read more: Why China Is Sticking With Its Covid Zero Strategy




The city of more than 20 million people and the country’s political center
locked down parts of the eastern district of Chaoyang, though supermarkets
remain open, with plans to ease restrictions after residents complete a testing
regimen on April 27. Officials have warned of more cases in coming days, with
Beijing city government spokesman Xu Hejian saying late on Friday that the
current outbreak is “complex and stealthy” while vowing to take further measures
to prevent its spread.


Residents line up to be tested for Covid-19 at a swab collection site in Beijing
on April 25.
Photographer: Jade Gao/AFP/Getty Images

The flareup comes as Shanghai reported a record number of fatalities and imposed
stricter rules to try and stamp out infections. The twin outbreaks in two of
China’s most significant cities has become an unprecedented test for President
Xi Jinping, who is likely to seek a third five-year term during a Communist
Party congress later this year.



China has repeatedly defended Covid Zero, saying the policy saves lives and
keeps the economy going, even as the strategy increasingly darkens the country’s
growth outlook and threatens to disrupt global supply chains. 



Read more: Xi Defends China’s Covid Response Amid Mounting Economic Woes

Chinese stocks slumped and the onshore yuan fell to its weakest level in 17
months. Iron ore futures tumbled more than 11%, while oil slid almost 5% to
trade below $98 a barrel.



The Chaoyang district is home to some 3.5 million people, including many expats,
the central business district and most foreign embassies. Authorities have
designated 14 smaller communities as “sealed” and another 14 as “controlled”
areas with different levels of movement restrictions.

Local authorities will test people who live or work in Chaoyang on Monday,
Wednesday and Friday. That’s everyone from white collar workers to young
children who need a negative result to attend kindergarten. 



Long lines are already snaking around apartment complexes as residents wait for
tests. Online and brick-and-mortar grocery stores have sold out of fresh food,
kitchen staples and other basics like masks and antiseptic. Officials said in a
Monday afternoon briefing that some stores are stocking up supplies to three
times the sale volume of normal times to accommodate surging demand.



The city reported 29 new local Covid infections in the 24 hours through 4 p.m.
local time, bringing the total caseload since Friday to 70. More than half are
in Chaoyang. 

Read more: Xi Moves to Stop Shanghai Covid Rage From Sweeping Across China



Residents in the capital are worried about a repeat of the crisis that’s snarled
Shanghai for almost a month and seen people unable to reliably access food or
medical care. Beijing authorities are beefing up supplies, delivering fresh
vegetables to parts of Chaoyang that have reported positive cases. Meituan and
other grocery delivery apps have also increased manpower by as much as 70% to
help sort mounting orders and race to deliver them to people’s doorsteps on the
same day, local media reported.



In Shanghai, the misery continues with officials ramping up containment efforts
as cases in the community continue to crop up despite mass isolation, testing
and lockdowns. Over the weekend, fences were installed in some neighborhoods to
seal buildings where positive cases have been found, sparking renewed
frustration among residents already stuck inside their homes for weeks.


Residents in Beijing’s Chaoyang District undergo Covid-19 testing on April 24.
Photographer: Jiang Qiming/China News Service/Getty Images


Read more: Shanghai Pens in Residents in Renewed Effort to Stamp Out Covid



The financial hub remains the epicenter of China’s worst outbreak since Wuhan
more than two years ago. It reported 51 fatalities on Sunday, mostly elderly
people, which took deaths in the current wave to 138. There are 196 patients in
severe condition and 23 in critical condition.

China has dispatched a total of nine medical teams to step up treatment of
severe cases to eight designated hospitals in Shanghai, Xinhua reported on
Sunday. The teams are composed of over 360 experts with intensive care
experience.



Shanghai reported 19,455 new cases on Sunday. While daily infection numbers are
on a broadly downward trend, the government still hasn’t reached its goal of
eliminating spread in communities.

So far 88% of China’s 1.4 billion people have been fully vaccinated and half of
the country’s population have received booster shots. Among those aged 60 or
above, 81% have been fully vaccinated, according to the National Health
Commission last week.

— With assistance by Charlie Zhu, Dong Lyu, Jessica Sui, Ishika Mookerjee, Jing
Li, Yuan Gao, Tongjian Dong, and Jie Hou

(Updates to add details throughout.)




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