The rise in Covid cases in China is fueling concern about the return of sweeping pandemic restrictions—particularly in view of the spread of the highly contagious BA.5 variant
TAIPEI—China’s Covid-19 cases are rising at the fastest pace since late May, unnerving investors wary of a repeat of, which snarled global supply chains and sank hopes that the country would reach Beijing’s economic-growth targets.
More than 2,300 locally transmitted cases have been reported nationwide in the past seven days, with infections again on the rise in the commercial and manufacturing powerhouse of Shanghai, albeit from a low base. The central province of Anhui, a producer of steel, autos and computers, is the worst-affected, though new daily cases appear to be falling with just 39 on Monday, down from a peak of 292 more than a week ago. Cases have also surged in neighboring Jiangsu and Shandong provinces.
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