China is tightening COVID restrictions again, weeks after lockdown

Authorities delayed the reopening for most schools in Beijing that was planned for Monday, while most districts in Shanghai suspended dine-in services at restaurants. China reported 143 cases nationwide for Sunday as the number of new infections crept up. Daily cases fell below 100 last month for the first time since early March after strict curbs.

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The CSI 300 Index of stocks closed 1.2% lower, its biggest loss in almost three weeks.

Outbreaks have re-emerged just days after the two cities eased social curbs that had been in place for months. The quick rebound in cases once restrictions were lifted shows the difficulties of fully stamping out the more contagious virus variants. Only China is still engaged in the effort of eliminating transmission.

Its zero-tolerance approach leaves the country stuck in a cycle of disruptive shutdowns and reopenings that hint at lingering economic pain. Most economists predict the country will fail to meet its annual growth target for this year. Lockdowns have already roiled global supply chains and impacted the operations of global giants from Sony Group Corp. to Tesla Inc.

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