Just Earth News | @justearthnews | 27 Dec 2022, 07:24 am Print
File image by Mx. Granger via Wikimedia Commons
Beijing: China's COVID-19 surge is troubling the economic state of the country, media reports said on Tuesday.
Since the world’s second largest economy drastically eased its Covid restrictions earlier this month, there has been no clear data on the extent of the virus’ spread on the national level. But several cities and provinces have said they were seeing tens of thousands of new cases per day, reports CNN.
The surge in cases has forced people to remain indoors.
The shops and restaurants have remained emptied over the past few days.
Factories and companies are also forced to shut down or cut production because of more workers getting sick, reports CNN.
“The number of people on the streets has dropped off sharply from already subdued levels across the country,” analysts were quoted as saying by CNN from Capital Economics in a research note last week. “That will be affecting demand.”
- PwC to fire 1800 jobs in first major layoffs announced in 15 years
- New ILO report shows global youth unemployment rate dropped to 15-year low in 2023
- American aircraft manufacturer Boeing to plead guilty to criminal charge
- As AI transforms the world, more universities teach the technology
- Global foreign investment declines for second year as geopolitical tensions rise, UN trade body reports