Shanghai reports record number of new COVID-19 cases
Shanghai is at the center of China's largest COVID-19 outbreak since the coronavirus was first discovered in Wuhan, with a record 26,087 new daily infections reported on Sunday.
Nearly 24,000 of those cases were asymptomatic, Reuters reports.
More than 25 million people live in Shanghai, and several sections of the city have been on lockdown since March 28, with some residents saying they're having a hard time getting food and access to medical care. People living in "prevention areas" of Shanghai are able to walk around their neighborhoods, but have to practice social distancing and prepare for lockdowns if new infections are reported.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Because of the outbreak, experts predict China's economy will expand 5 percent this year, not hitting the official target of 5.5 percent, Bloomberg reports. Shanghai is home to China's biggest port, and with the lockdown leading to a shortage of trucks, containers are piling up and manufacturers are having a hard time moving their finished goods from factories to ships.
Bruce Pang, head of macro and strategy research at China Renaissance Securities Hong Kong Ltd., told Bloomberg that the outbreak "may lead to delays and higher prices, which could stall recovery and further add to global inflation."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Parker Palm Springs review: decadence in the California desert
The Week Recommends This over-the-top hotel is a mid-century modern gem
By Catherine Garcia, The Week US Published
-
The real story behind the Stanford Prison Experiment
The Explainer 'Everything you think you know is wrong' about Philip Zimbardo's infamous prison simulation
By Tess Foley-Cox Published
-
Is it safe for refugees to return to Syria?
Talking Point European countries rapidly froze asylum claims after Assad's fall but Syrian refugees may have reason not to rush home
By Richard Windsor, The Week UK Published
-
Why is China targeting Nvidia? (And why is the AI giant so important?)
Today's Big Question A new front in the 'chip war' with the US
By Joel Mathis, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
Russia's currency crisis as sanctions bite
The Explainer Rouble plunges to lowest rate against dollar since invasion of Ukraine as economic toll finally begins to be felt
By Elliott Goat, The Week UK Published
-
Is this the end of the free trade era?
Today's Big Question Donald Trump's threat to impose crippling tariffs 'part of a broader turn towards protectionism in the West'
By Elliott Goat, The Week UK Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published