China's largest city of Shanghai cranked up Covid-19 lockdown restrictions after a month of less disruptive measures failed to stymie omicron’s fast and stealthy spread in the community. Roads in the Pudong financial district are completely empty, with residents told to stay inside as the phased city lockdown is tightened.
All residents in the Pudong District, home to many elite financial institutions and the Shanghai Stock Exchange, will be confined to their homes and allowed out only to get a Covid test, according to a statement issued by the area’s residential compounds reviewed by Bloomberg News.
The stricter lockdown rules came a day after the Chinese financial hub started sealing off its 25 million people in two stages, with half the city locked down for four days, followed by the other half. The goal is to test the entire city for Covid-19, part of the effort to get its biggest outbreak to date under control.
The city also has rolled out a slew of measures, including tax relief, rent extension or reductions, and loan support for small businesses, retail and catering industries hit hard by the outbreak, officials said.
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