New Covid cases are spiking across mainland China, prompting many local authorities to tighten controls on movement.
About 4.8% of China's gross domestic product was negatively affected by Covid controls as of Monday, according to a model from Nomura. That's up from 4.3% a week ago.
Three of Shanghai's downtown districts on Monday ordered entertainment venues such as internet cafes to close temporarily, according to official announcements. On Tuesday, many schools in the central Chinese city of Xi'an cancelled in-person classes for most students, according to a local news outlet. A hashtag about the sudden closures was one of the top-trending items on Weibo, China's Twitter-like social media platform.
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