
An Update : #FAANG #MSFT $DOCU #DOW $GS #BA #TSLA ► #AnirudhSethi

Beijing has reintroduced a few minor restrictions (all off-campus and “offline” sports activities for teens would be cancelled starting Sunday). Earlier a spokesperson for the city’s government said a recent outbreak “The recent outbreak … is strongly explosive in nature and widespread in scope“. Which does not sound too good at all.
Even Chinese Communist Party controlled state media is sweating on the latest developments. On the Beijing outbreak referred to above:
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Shanghai appears to be back-pedalling a little too. Its China’s largest city of around 25mn people and a key economic hub.
Yikes, 5 of 25 districts locked down for the weekend. Its a roller-coaster (not the fun type) there.
There is no end in sight to China’s COVID zero policy. President Xi Jinping with a motivational talk said: