China acknowledged its first deaths related to Covid-19 in about six months as surging cases collide with a government push to ease unpopular and costly pandemic controls
to manufacturing, global trade and domestic economic growth that caused. Restaurant, retailer and Macau-casino stocks listed in Hong Kong were among the top decliners on Monday, while liquor makers dragged on the Chinese onshore market. The Hang Seng Index fell 1.9%, while the Shanghai Composite Index declined 0.4%.
Covid-19 lockdowns, corruption crackdowns and more have put China’s economy on a potential crash course. WSJ’s Dion Rabouin explains how China’s economic downturn could harm the U.S. and the rest of the world. Illustration: David Fang “You won’t know every day you wake up whether you are green-ed to go to work or not,” said Sean Zhu, a tech company employee in Beijing. His office building recently required daily negative Covid results and a green health code on a government monitoring app to enter. People who skip mandatory Covid tests could lose their green code.
Elderly people have become more vulnerable during recent outbreaks, as the country struggles to convince more of them to get vaccinated. Among those 80 years and older, 66% have been fully vaccinated while only 40% have taken a booster as of earlier this month, according to government data.
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