Queues formed in the Chinese capital of Beijing as mass COVID testing was underway
Nationwide, new locally transmitted infections climbed to 7,475 on Nov. 7, according to China's health authority, up from 5,496 the day before and the highest since May 1. Guangzhou accounted for nearly a third of the new infections.
"We are seeing a game between rising voices for loosening controls and rapid spreading of COVID cases," said Nie Wen, a Shanghai-based economist at Hwabao Trust. Investors see China's beaten-down markets as an attractive prospect as a global slowdown looms, and have focused on small clues of gradual change - such as more targeted lockdowns and progress on vaccination rates.
Many of Guangzhou's districts, including central Haizhu, have imposed varying levels of curbs and lockdowns. But, so far, the city has not imposed a blanket lockdown like the one in Shanghai earlier this year.
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