Shanghai slowly reopening; More Beijing tests; Economy cratering as Covid and politics in command; No rest for old cadresToday’s Essential Eight: Shanghai improving, Beijing outbreak still not under control - The Shanghai government has announced life should be fully back to normal in mid to late June. Beijing has not fully locked down but has launched another round of tests for much of the city.
Shanghai says no more community spread; Beijing outbreak still not under control; CPPCC meeting with tech firmsToday’s Essential Eight items” Outbreaks - Shanghai declared that it has halted community spread in the entire city, Beijing has not locked down but it has shut one of its biggest seafood markets, likely due to transmission from the outbreak in Tianjin.
Beijing lockdown rumors; Outbound travel restrictions; Real estate debt mess; Xi and the Youth LeagueToday’s Essential Eight: Outbreaks - “The so-called ‘lockdown’ and ‘static management’ are rumors and there is no need to stock up on food” - Beijing official. After the official said this, a lot of people in Beijing saw it as a signal to stock up on food and necessities to…
