Shenzhen, China's southern technology powerhouse, has eased limitations in 5 selected communities, claiming that the Covid-19 epidemic is now substantially contained. The government has committed to assisting enterprises in regions remaining under lockdown.
The selected communities have not announced any fresh cases recently, and they have been permitted to restart business operations. The transportation systems in those communities have also reopened.
Populated and Commercial Communities Remain Under Strict Measures
Last Thursday, the Shenzhen government reported relaxing lockdown measures while also offering various Covid-19 control methods to assist businesses and manufacturers. The city's central business districts remain sealed off, as they were last Monday.
Several of Shenzhen's most populated districts, including Futian's financial and business centre and the technology inclined Nanshan district, remain closed until the 20th of March.
This comes after China's President, Xi Jinping, urged authorities to prioritize limiting Covid-19 at a meeting on Thursday with the Politburo. The President pledged to adopt more necessary actions to combat the virus's highest outbreak in China since the first epidemic in 2020 while minimizing the effect on the citizens.
Huang Qiang, the deputy secretary-general, says that the government's next step will be to contain the epidemic through qualitative and quantitative measures while keeping the flow and consistency of the production and supply chains stable.
USDCNY pushed lower last Thursday when the announcement was made. The market resumes on Monday in decline, having retraced a little. As manufacturing operations enter full swing, the yuan is expected to rise further.
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