I’m not sure many businesses or the people could handle much more.”Įconomic activity in China somewhat recovered in May from a dismal April as Covid curbs in major manufacturing hubs were gradually relaxed, although movement controls still depressed demand and restrained production.įactory activity was at a three-month high in May, but contracted from a year earlier. “I just hope it’s not at the cost of more outbreaks. “I’m hopeful that they will rush things along quickly to restart the economy,” Pearson said.
At least from midnight his workers, who have been sleeping in the restaurants, stuck there because of the strict lockdown rules, can finally go home. His restaurants are only allowed to do deliveries, which account for about 5% of revenue, not enough to pay salaries and rent. Todd Pearson, the managing director of Camel Hospitality Group, which operates eight restaurants, four bars and three gyms in Shanghai and neighbouring Suzhou, is wary. It remains to be seen if frequent testing can keep Omicron under control. Two years into the Covid pandemic, China is alone among major countries enforcing an uncompromising “zero Covid” policy that aims to eradicate all outbreaks as soon as they occur at just about any cost. Support quality journalism and subscribe to Business Standard.A resident gets a haircut on a street in Shanghai. Your support through more subscriptions can help us practise the journalism to which we are committed. We believe in free, fair and credible journalism. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content.
Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.Īs we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. (Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed.)īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. "I would not be surprised in the next few weeks, given the fact that we've begun to open up, and we have an increase in the BA.2 variant, that we'll be seeing an increase in cases," Fauci said in a CNN interview last week.Īt the height of the Omicron surge, the United States hit an all-time record of well over a million new infections every day, the report said. "We generally follow what goes on in the UK by about two to three weeks," Fauci said. President Joe Biden, said easing restrictions, waning protection from vaccines and the rise of the BA.2 subvariant around the world could bring on another wave of rising infections to the United States. infectious-disease expert.Īnthony Fauci, head of the National Institute of Allergy and Infectious Disease and adviser to U.S. The United States could face more COVID-19 lockdowns if cases go up once again due to the latest variant, even as the most cautious begin to shrug off their virus fears once-and-for-all, British paper Daily Mail has reported, citing the top U.S.
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