News By Tag
News By Place
Follow on Google News
Action Investments Limited – Breaking News - China eases Covid restrictions after two months
The Chinese city of Shanghai, the country's economic centre and a global trade hub, has eased Covid curbs after a two-month lockdown.
But at least 650,000 residents will remain confined to their homes.
China's overall policy of "zero Covid" remains in place and people catching Covid face quarantine or hospital.
Their close contacts also face the prospect of removal to quarantine and the area immediately around where they live being locked down again.
"This is a day that we dreamed of for a very long time," Shanghai government spokeswoman Yin Xin told reporters.
"Everyone has sacrificed a lot. This day has been hard-won and we need to cherish and protect it, and welcome back the Shanghai we are familiar with and missed."
But new rules have been introduced, with residents required to show a green health code on their smartphone to leave their residential compounds and to enter most places.
Those who want to use public transport or enter banks or malls must have a negative PCR test certificate valid in the last 72 hours. And restrictions on leaving Shanghai remain, with anyone travelling to another city facing quarantine of seven to 14 days upon their return.
Cinemas, museums and gyms remain closed. Most children will also not return to face-to-face schooling.
But the rules did little to temper the relief people felt. Cheers and sounds of jubilation rose as the clock struck midnight on Tuesday, signaling the end of the lockdown. Groups of Shanghai residents gathered on street corners, singing and toasting with drinks as they welcomed their newfound freedom. Chinese state media however downplayed the news of people celebrating because authorities had so far been reluctant to define the restrictions as a "lockdown".
State media reports instead described Wednesday as "a new start" and the day of "getting back to normal life, work and production".
At Action Investments, our focus is on long term financial stability. We pride that our prudent management philosophies have guided us to endure the many financial turmoil's in the past decade. In line with this philosophy, we aim to be your investment portfolio management partner for life.
Please contact our team members to learn more about this unique financial building experience by way of good securities investment and portfolio management. Our aim is to make your wealth building journey, a simple and enjoyable experience. https://www.actioninvestmentsltd.com
Action Investments Limited