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…
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 outbreak data improving; More economic support; Is Xi under pressure?; Arrests in Hong KongToday’s Essential Eight: Outbreaks - Some good news from the official data in Shanghai, the city is getting closer to its goal of only finding new cases among people already in “closed off management”. Beijing announced that the latest new cases were also all found among people…
