Coronavirus Update: China sees a ray of hope on return, as Shanghai cases ease, Beijing’s steady

Chinese traders return to markets after a four-day holiday break, with some encouraging news coming out from the cities’ authorities on the coronavirus front.

According to CCTV, covid cases in Shanghai city fell slightly while new infections in Beijing stabilized.

Shanghai reported 4,651 cases for Wednesday, down from 4,982 on Tuesday. Beijing reported 50 cases on Wednesday, compared with 51 on Tuesday, per Bloomberg.

The slowdown in the covid cases suggests the country’s extreme restrictive measures to contain an outbreak are having an effect.  

more to come ....