Rise in Covid-19 infections in China affects the economy | News


The increase in cases of Covid-19 in China, which this Monday registered 20,261 new infections, has also had an impact on the country’s economy, mainly on the stock market.


Shanghai works to reduce mortality from Covid-19

Local media detailed that the stock markets in that Asian nation, as a result of the resurgence of the disease caused by the Sars-Cov-2 virus, fell 3,000 points, which represents the largest decline in 22 months.

This collapse occurred as a result of the outbreak that keeps the city of Shanghai confined, one of the main economic centers of the Asian nation and which accounted for the 51 reported deaths, in addition to 19,455 infections, as part of an outbreak considered the most negative since beginning of the pandemic in Wuhan.

As a result, the Shanghai Composite Index fell 2.4 percent, the Shenzhen Component Index fell 2.17; the ChiNext board was down 1.73 percentage points, and the CSI 300 index was down 1.52 percent; with aviation, coal and consumer goods retail being the most affected economic sectors after the stock market crash.

For their part, the Chinese health authorities detailed that in Beijing, the Chaoyang district registered 26 of the 42 cases recorded during the weekend, so as a measure, PCR tests are carried out on the more than 3.5 million residents of said district. enclave.

Which houses diplomatic headquarters, offices of various international organizations; as well as correspondents of accredited foreign press media in China.

These enclaves and the infectious upward trend existing in said municipality have aroused government alerts, and based on criteria issued by epidemiologists, sanitary measures could be increased, and even proceed to the confinement of Chaoyang.

Faced with this possibility, purchases of basic necessities increased in shopping centers in the Chinese capital, many of which extended their hours until midnight to meet the high demand; based on which the Government activated an emergency mechanism to ensure the supply of food.

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