For covid here, symptomatic or asymptomatic, you are taken off at some point to a quarantine facility. now, what is clear, as i said, as we approach the end of the fifth week of lockdown here is that the government in shanghai and overall, xi jinping, the man at the very top remain committed to this policy of containing zero covid here and then trying to maintain it. no exceptions. early on, it looked like shanghai was trying to go another way, a dynamic approach staggered lockdowns, maybe even living with it. that is not happening. the focus now is slightly shifting to the capital, beijing, hugely symbolic, obviously. a handful of cases there. they appear to be spread across the city. they are going ahead with some kind of whac a mole, localised lockdowns. but beijing is not the same as shanghai. it s always been like a fortress, and so they have a much better chance there of containing it and containing it early.
That is not happening. the focus now is slightly shifting a handful of cases there. they appear to be spread across the city. they are going ahead with some kind of whac a mole, localised lockdowns. but beijing is not the same as shanghai. it s always been like a fortress, and so they have a much better chance there of containing it and containing it early. here in shanghai, as i said, it hasn t bottomed out yet, but at the moment, the statistics seem to suggest that maybe by this weekend, they will have contained it to the extent they want to. robert brant there. to try to force the government to resign over the country s unprecedented economic crisis. transport, health and banking services were all hit by the industrial action. the move follows weeks of protests over rising prices
The focus now is slightly shifting to the capital, beijing, hugely symbolic, obviously. a handful of cases there. they appear to be spread across the city. they are going ahead with some kind of whac a mole, localised lockdowns. but beijing is not the same as shanghai. it s always been like a fortress, and so they have a much better chance there of containing it and containing it early. here in shanghai, as i said, it hasn t bottomed out yet, but at the moment, the statistics seem to suggest that maybe by this weekend, they will have contained it to the extent they want to.
May services sector activity shrinks for 1st time in 8 months
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May services sector activity shrinks for 1st time in 8 months
TNN / Jun 4, 2021, 06:59 IST
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NEW DELHI: Activity in the country’s crucial services sector plunged into contraction in May for the first time in eight months as the second wave of Covid-19 pandemic forced localised lockdowns which resulted in a decline in new business and output, a survey showed on Thursday.
At 46.4 in May, down from 54 in April, the India Services Business Activity Index was in contraction territory. The latest reading pointed to a solid rate of reduction that was nevertheless slower than those seen in the aftermath of the Covid-19 outbreak. According to panel members, the fall in output stemmed from the escalation of the pandemic and the reintroduction of restrictions, the survey showed. The survey is compiled from responses to questionnaires sent to a panel of around 400 service sector compan
Will India Inc see rating downgrades on back of localised lockdowns?
Sectors that experienced a high downgrade rate in 2020-21 included hospitality, textiles, real estate, construction and automobile dealerships. These sectors have faced more downgrades in the past 6-12 months.
Synopsis
While no immediate rating downgrades could happen, a lot of companies in hospitality, retail, travel & tourism, commercial real estate and entertainment could see sharp downgrades.
MUMBAI: Rating companies will likely be busy the next few months as they assess the risk of the latest round of business curbs after a series of regulatory and judicial interventions swept many weaknesses under the carpet after the first round of lockdowns last year.