As China's massive wave of COVID-19 infections begins its march across a country roughly the size of Europe, the ripple effect on business is accelerating.
From its original epicentre in the north, including the capital Beijing, COVID-19 infections are spreading throughout the country and cases are impeding workforces in manufacturing belts, including the Yangtze River Delta, near Shanghai.have been hard hit by a shortage of staff, with manufacturers not far behind, according to an international business organisation operating in China.
With mass testing halted after China abruptly dropped its zero-COVID policy this month, official data no longer reliably captures new case numbers. As of Wednesday, the country has reported only 5,241 COVID-19 fatalities since the pandemic began.currently sweeping the country could infect up to 60% of China's 1.4 billion-strong population.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID tally: COVID-19 hospitalizations are 11% higher than they were two weeks agoThere are about 40,000 COVID-19 hospitalizations in the U.S., a figure that is 11% higher than it was two weeks ago, according to the most recent update of a...
Read more »
COVID tally: COVID-19 deaths are up about 63% over the last two weeksThe number of new COVID-19 infections in the U.S. is still rising, with about 65,000 people testing positive every two weeks, according to a New York Times...
Read more »
China reports first Covid deaths in weeks as virus surgesChina reports its first Covid-related deaths in weeks amid rising doubts over whether the official count was capturing the full toll of a disease.
Read more »
China bets on private sector to boost Covid-hit economy | CNN BusinessBeijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. The new pledge marks a big shift from leader Xi Jinping's years-long effort to rein in private businesses, which were perceived as too powerful and 'disorderly.'
Read more »
China COVID wave could kill one million people, models predictBoosting vaccination rates , widespread mask use and reimposing some restrictions on movement could reduce the number of deaths.
Read more »
Iron ore price retreats on surging China covid casesChina is in the first of an expected three waves of covid cases this winter.
Read more »