China Covid Cases Trending Down But Lockdown Threat Remains [Business News Network (BNN) (Canada)]
Toyota Motor Corporation (TM)
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Source: Business News Network
Beijing reported 55 cases on Wednesday, down from 69 on Tuesday. The capital has locked down some areas of the Fengtai district for seven days and is starting three rounds of mass testing across four districts as authorities race to stamp out infections. In nearby Tianjin, where an outbreak in January disrupted global auto giants Toyota Motor Corp. and Volkswagen AG, 33 new cases were found on Wednesday, down from 55 on Tuesday. Among measures announced late Wednesday to help stop the spread, two residential buildings in the city were put under lockdown and college entrance exams scheduled for Saturday postponed until June 12, CCTV reported. Sichuan province reported 149 cases on Wednesday, compared with 201 on Tuesday. The national total fell to 1,016 cases yesterday from 1,227 on Tuesday. Nevertheless, the continuing flareups underscore the challenges China faces in pursing Covid Zero, as well as the ever-present risk of disruptions that have already taken an enormous economi
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