December 7, 2022

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Beijing restricts public transportation as the Corona virus spreads in China

Beijing restricts public transportation as the Corona virus spreads in China

  • Beijing closes more than 40 metro stations and 158 bus lines
  • Zhengzhou to impose severe COVID restrictions next week
  • Shanghai is finding it difficult to break out of the month-long lockdown

BEIJING/SHANGHAI (Reuters) – China’s capital Beijing on Wednesday shut down dozens of metro stations and bus lines in its drive to stem the spread of COVID-19 and avert the fate of Shanghai, where millions of residents are under a strict lockdown. for more than a month.

New evidence has emerged that China’s relentless battle against the coronavirus, which is believed to have emerged in a market in Wuhan in late 2019, is undermining its growth and hurting international companies investing there.

Late Tuesday, another city announced work-from-home and other COVID restrictions for the next week. The central city of Zhengzhou, home to 12.6 million people and Apple’s iPhone manufacturing factory Foxconn (2354.TW)joins dozens of major cities in the event of a total or partial closure.

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Service providers said the capital has closed more than 40 subway stations, about a tenth of the network, and 158 bus routes. Most of the stations and suspended roads are located in Chaoyang District, the epicenter of the outbreak in Beijing.

With dozens of new cases a day, Beijing is trying to avoid a full lockdown, as Shanghai also did initially, hoping instead that mass testing will detect and isolate the virus before it spreads.

The city of 22 million people has closed schools as well as some businesses and apartment buildings in high-risk areas, and many people are stocking up on them in the event of a complete shutdown. Read more

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Twelve of Beijing’s 16 districts conducted the second of three rounds of testing this week, after three group checks were conducted last week.

In Shanghai, there is no end in sight to the lockdown.

More than a month later, most people in China’s largest city and financial hub are still not allowed to leave their apartment complexes.

Some of Shanghai’s 25 million residents have benefited from a temporary easing of precautions since Sunday, when usually only one family member is allowed out for a brisk walk, some fresh air and a bit of supermarket shopping.

According to the latest data, Shanghai has found 63 new cases outside the areas under severe restrictions, indicating that the city has a path to reach its zero-case goal for several days before the restrictions are significantly eased.

Authorities say the zero COVID policy aims to save as many lives as possible, pointing to the millions of COVID deaths outside of China, as many countries abandon precautions to “live with COVID” even as the infection spreads.

But the policy is hurting domestic consumption and factory production, disrupting key global supply chains and slashing revenue for some of the world’s biggest brands, such as Apple. (AAPL.O)father of Gucci Keyring (PRTP.PA) And the owner of Taco Bell Yum China (9987.HK). Read more

Capital Economics estimates that COVID has spread to regions that generate 40% of China’s production and 80% of its exports – all of which face varying degrees of restrictions.

“Recent mobility trends indicate that China’s growth momentum deteriorated significantly in April, with traffic congestion, metro passenger volume and other high-frequency indicators at their weakest levels since the initial outbreak,” credit rating agency Fitch said in a note.

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Its analysts lowered their growth forecast for 2022 to 4.3%, from 4.8%, well below China’s official target of 5.5%.

Starbucks Corporation (SBUX.O) It suspended its guidance for the rest of the fiscal year on Tuesday due to China’s COVID restrictions. Sales in China, where the chain has expanded rapidly in recent years, fell 23%, overshadowing 12% growth in North America. Read more

Foxconn said on Wednesday it was continuing production in Zhengzhou. Read more

Several factories have been closed after Shanghai was closed from March. While some are beginning to reopen, restoring workers, while dealing with faltering supply chains, has proven difficult. Read more

Shanghai authorities helped Tesla (TSLA.O) It moved more than 6,000 workers and carried out disinfection work to reopen its factory last month, according to a letter Tesla sent to officials and seen by Reuters. Read more

International trade is also facing turmoil.

A study by Royal Bank of Canada analysts found that a fifth of the global fleet of container ships was stuck in congestion at several major ports. Read more

And in the port of Shanghai, 344 ships were waiting to dock, an increase of 34% from last month. They said it takes 74 days longer than usual to ship something from one warehouse in China to another in the US.

(This story paraphrases the ‘in’ in the intrusive title)

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Reporting on Aizhou Chen, He Xiang Ming, Brenda Goh and the Beijing and Shanghai offices; Written by Marius Zacharia. Editing by Robert Persell

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