Financial hub joins other major cities in loosening rules after recent anti-lockdown protests across the country
The financial hub will scrap PCR testing requirements to enter outdoor public venues such as parks or use public transport effective from Monday. Picture: BLOOMBERG
Shanghai, which saw a gruelling two-month lockdown earlier in the year, joins other metropolises such as Beijing, Shenzhen and Guangzhou in relaxing curbs in recent days. Top government officials last week signalled a transition from the harshest containment measures, which have weighed on the economy and triggered anti-lockdown protests as public discontent grew.
Chinese stocks rallied recently, fuelled by rising signs that China is softening its pursuit of zero Covid. The Hang Seng China Enterprises Index surged 29% in November, capping its best month since 2003, while the benchmark Hang Seng index posted its biggest monthly gain since 1998. The rally was mainly driven by the gains in airlines, casinos, restaurant operators and other stocks expected to benefit from a reopening of the world’s second-largest economy.
In Harbin, the capital of Heilongjiang in the northeast, test results are no longer required to enter public places, while people leaving the city only need to take one PCR test within 48 hours instead of two, the local government said late on Saturday.
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