After more than 50 days without domestically transmitted Covid-19 cases in Beijing, a total of 106 new confirmed cases have been recorded over five days, mostly tied to a major wholesale market.
The reemergence of coronavirus cases in China's capital city of Beijing over the weekend adds further uncertainty for businesses and consumers, who may be less willing to spend as a result.
A Chinese vendor wears a protective mask as he waits for customers outside his shop in a tourist and commercial area on May 16, 2020 in Beijing, China.behind them, the reemergence of the disease over the weekend has elevated uncertainty over future growth. "Since Xinfadi is the largest farmers market in North China, its shutdown will drive up food inflation and depress restaurant businesses," said Dan Wang, analyst at The Economist Intelligence Unit . "The official policy lacks clarity on how cities and individuals should respond."
The outbreak stalled in China by mid-March, and the central government deemed conditions safe enough by late May to hold a delayed and shortened version of the country's annual parliamentary meeting in Beijing. Authorities are also reinstating some restrictions across the city that had been relaxed in recent weeks. Some, but not all, gyms have closed again. Widespread temperature and apartment compound entry-exit checks have resumed with greater vigor.
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