Covid-19: Shanghai takes further steps towards reopening, Beijing eases curbs

Shanghai announced on Sunday further steps towards returning to more normal life and lifting a two-month Covid-19 lockdown this week, while Beijing reopened parts of its public transport, some malls, gyms and other venues as infections stabilised.

The Chinese commercial hub of 25 million aims to essentially end from Wednesday a lockdown that has severely damaged the economy and seen many Shanghai residents lose income, struggle to source food and to cope mentally with prolonged isolation.

The painful coronavirus curbs in major cities run counter to trends seen in the rest of the world, which has largely moved towards co-existing with the virus even as infections spread.

Shanghai, China's most populous city, will ease testing requirements from Wednesday for people who want to enter public areas, said city government spokeswoman Yin Xin, adding these tweaks should encourage work resumption.

"The current epidemic situation in the city continues to stabilise and improve," Yin said, adding Shanghai's strategy was now "pivoting towards normalised prevention and control."

People entering public venues or taking public transport will need to show a negative PCR test taken within 72 hours, versus 48 hours previously.

Bus services within the Pudong New Area, home to Shanghai's largest airport and the main financial district, will fully resume by Monday, officials said.

Plaza 66, an upscale mall in central Shanghai that hosts Louis Vuitton and other luxury brands, reopened on Sunday.

Authorities have been slowly relaxing curbs, with a focus on resuming manufacturing.

More people have been allowed to leave their flats, and more businesses permitted to reopen, though many residents remain largely confined to their housing compounds, and most shops limited to deliveries.

The authorities approved 240 financial institutions in the city for reopening from Wednesday, state-run Shanghai Securities News reported on Sunday, adding to a list of 864 firms released earlier this month. That is out of Shanghai's roughly 1,700 financial firms.

The newspaper said on Saturday that the more than 10,000 bankers and traders who have been living and working in their offices since the start of lockdown were gradually returning home.

Shanghai has already allowed key manufacturers in the auto industry, life sciences, chemicals and semiconductors to resume production since late April.

GYMS AND LIBRARIES

In the capital Beijing, libraries, museums, theatres and gyms were allowed to reopen on Sunday, with limits on numbers of people, in districts that have seen no community Covid cases for seven consecutive days.

"We expect policies to ease further on the fiscal front to boost demand, given downward pressures on growth and the uncertainty of the recovery pace," Goldman Sachs analysts wrote in a Friday note.