{"id":73811,"date":"2022-10-11T11:30:50","date_gmt":"2022-10-11T07:30:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73811"},"modified":"2022-10-11T11:31:55","modified_gmt":"2022-10-11T07:31:55","slug":"imf-warns-china-over-cost-of-covid-lockdowns-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/imf-warns-china-over-cost-of-covid-lockdowns-2\/10\/11\/market-updates\/","title":{"rendered":"China is accelerating the pace to control new Corona cases across the country"},"content":{"rendered":"\n<p>Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement.<\/p>\n\n\n\n<p>According to a model from Nomura, about 4.8% of China&#8217;s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week.<\/p>\n\n\n\n<p>According to official announcements, three districts in downtown Shanghai on Monday ordered the temporary closure of entertainment venues such as Internet cafes.<\/p>\n\n\n\n<p>Several schools in the central Chinese city of Xi&#8217;an on Tuesday, October 11, canceled classes for most students, according to local news outlets.<\/p>\n\n\n\n<p>The hashtag about the sudden closures was one of the most popular items on Weibo, China&#8217;s Twitter-like social media platform.<\/p>\n\n\n\n<p>The measures come after the week-long National Day holiday that ended Friday, October 7, as &#8220;the overall situation of the COVID-19 virus in China appears to have deteriorated,&#8221; Nomura chief China economist Ting Lu said in a note Monday.<\/p>\n\n\n\n<p>The report mentioned the shutdown since October 4 of a popular tourist city in southern Yunnan Province, the Xinjiang ban on people leaving the area due to the local COVID-19 outbreak, and a lockdown in Haikou City, Hainan Province on October 6.<\/p>\n\n\n\n<p>Mainland China reported 427 new cases of COVID-19 on Monday in more than 20 provincial-level regions in the country. When adding asymptomatic infections, the number of daily cases exceeded 2,000 and came from nearly all of the 31 county-level regions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coronavirus cases are increasing across China, prompting many local authorities to tighten control over movement. According to a model from Nomura, about 4.8% of China&#8217;s GDP was negatively affected by COVID controls as of Monday, October 10. This is up from 4.3% last week. According to official announcements, three districts in downtown Shanghai on Monday &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,39,36],"tags":[7540,6863,6885,8610,6946,6987,8143,8603,8166,6858,7677],"class_list":["post-73811","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-global-stock-markets","category-market-updates","tag-chinese-economy","tag-covid-19-2","tag-fed","tag-global-recovery","tag-imf","tag-inflation","tag-interest-rate-hikes","tag-lockdowns","tag-omicron","tag-us-economy","tag-wages"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=73811"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73811\/revisions"}],"predecessor-version":[{"id":73813,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73811\/revisions\/73813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32704"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}