Categories: Economy

China’s lockdowns to contain Covid resurgence could further dampen the economy

<p>
As China reimposed fresh lockdown orders in places such as Ejin Banner and Lanzhou to contain the resurgence of Covid 19, economic activities could be dented. This could further impact economic recovery within the country.</p>
<p>
Even as 75 per cent of the population have been vaccinated, the country reported over 190 cases of the infectious Delta variant since October 17. As the number of tests is increasing, the number of fresh Covid 19 cases could further rise, giving rise to fear of a wider lockdown which would dampen economic activities in the country.</p>
<p>
<a href="https://www.arabnews.com/node/1955636/world">Arab News</a> said that “as the rest of the world opens up and tries to find ways to live with the virus, China has maintained a zero Covid-19 approach" that has seen harsh local lockdowns imposed over a handful of cases.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/economy-news/china-s-fdi-into-pakistan-slows-down-as-differences-over-cpec-surface-123381.html">China's FDI into Pakistan slows down as differences over CPEC surface</a></strong></p>
<p>
The news organisation further said citizens living in Lanzhou, a city that has seen 39 fresh cases, “will now be required to stay at home.” The authorities will also monitor the entry and exit of residents.</p>
<p>
In Beijing too access to tourist sites has been limited and residents have been urged not to leave the city.</p>
<p>
Arab News also noted that while the country’s case numbers are extremely low compared with elsewhere in the world, authorities are determined to stamp out the latest outbreak with the 2022 Winter Olympics in Beijing just over 100 days away.</p>

IN Bureau

Recent Posts

UKPNP Slams Pakistan’s Unconstitutional Presidential Order in PoJK

Jamil Maqsood, the President of the Foreign Affairs Committee of the United Kashmir People's National…

53 minutes ago

Meeting of ASEAN-India Trade in Goods Agreement committee concludes in Delhi

The 6th meeting of the ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee concluded in…

1 hour ago

US adds 29 Chinese firms to Uyghur Forced Labor Prevention Act Entity list

The US Department of Homeland Security (DHS), on behalf of the Forced Labor Enforcement Task…

2 hours ago

Tibetan Parliament-in-Exile calls for UK’s action on China’s Abuses

A delegation from the Tibetan Parliament-in-Exile (TPiE), led by Speaker Khenpo Sonam Tenphel and accompanied…

2 hours ago

Indian Dornier 228 aircraft flypast on the sidelines of India-CARICOM Summit

On the sidelines of the 2nd India-CARICOM Summit, leaders of the member countries witnessed a…

3 hours ago

India spent $14 tn on investments since Independence, more than half of it spent in last 10 yrs: Report

India's economic growth story has witnessed a remarkable surge in investment spending, with over half…

3 hours ago