Politics
Shanghai ends two-month lockdown after public discontent and political exhaustion
China Daily via Reuters
Restrictions will be lifted for approximately 22.5 million people living in low-risk regions.
The Shanghai metropolis in western China is leaving this Wednesday (1st) a lockdown that lasted two months for the majority of its 25 million residents. Officials began to dismantle police fences and barriers around residential areas and office buildings, which have become part of the local urban landscape.
Restrictions will be lifted for approximately 22.5 million people – a population similar to the population of the state of Minas Gerais – who live in low-risk regions. Residents will be able to travel on public roads and go to work in person, but the mask is still mandatory. Dining in restaurants is still prohibited and shops can only operate at 75% of their normal capacity.
The mass testing policy, although loosened, remains: when using public transport, passengers must always have a negative Covid test taken within the last 72 hours. Those who have contracted the coronavirus, and those who have been in contact with them, will have to go into quarantine.
The exit from the self-isolation regime was reported in the second half of May, when the number of new daily infections decreased. Officials have even announced that Covid Zero — Beijing’s strategy to stop the spread of the virus, not live with it — has failed in Shanghai as no new symptomatic cases have been reported outside of quarantined areas.
This Monday (30) there were 35 cases of Covid in the metropolitan area – 13 in patients with symptoms and 22 in asymptomatic people. This is the lowest figure since March. At the height of the local spread of the virus, in April, more than 27,000 cases were reported daily, although the bulk of this number was in asymptomatic people.
The Chinese methodology, which differs from that adopted in most Western countries, was made possible by mass testing carried out in places where there are outbreaks of the disease. Even in the weeks when the highest rates were reported, symptomatic cases accounted for no more than 15% of total infections.
Deputy Mayor Zong Ming said the city is now entering the third phase of deflation — “a complete but gradual return to normalcy.” Yin Xin, a local government official, described the moment as “the day we’ve been dreaming of for a long time.” “Everyone sacrificed a lot,” he added.
Within weeks, Shanghai was responsible for nearly all of the Covid deaths reported in the Asian country. No deaths have been reported in the last four days, according to the National Health Commission, with the last one on Thursday (26).
The end of the lockdown was, of course, celebrated by residents of the Chinese financial hub, but there were also reports of dissatisfaction with the way the Beijing regime handled the pandemic. During the two months of strict quarantine, there were many criticisms that, breaking through the blocks on social networks, pointed to a lack of food and disorganization in isolation.
“The Shanghai administration must issue a public apology in order to win back the support of the population and repair the broken ties between the government and the people,” Qu Weiguo, a professor at Fudan University, wrote on the WeChat platform, the news agency reported. , Reuters.
Residents also report a lack of centralized communications. Blogger Zhang Pei, in an article that went viral on WeChat, said she didn’t know how to reply to friends from other countries who sent messages marking the end of the lockdown. She and her family, who live in Shanghai, remain imprisoned. “We feel like we live in a parallel world, we don’t know who has returned to work and where businesses have opened,” he said.
“Today is the 62nd day that I am in custody, in custody. Yesterday the district committee asked us to make [testes] antigen at 8 am; at 10 am we went to do [testes] nucleic acids, and at 17:00 new antigens. With the same goal as every day: to find the virus,” she said.
The Global Times, a newspaper associated with the centenary of the Chinese Communist Party, painted another scene of full celebration among residents. In the text, which collected stories from residents speaking of relief and happiness, he said the international media had used Shanghai to “slander China’s zero-Covid policy and minimize the country’s economic development.”
According to the publication, at least 200,000 people in the city remain incarcerated. The People’s Liberation Army of China, the name of the Chinese armed forces, sent to the city announced that they had completed their task and must now leave.
The deconfinement of Chinese finances comes just months before the National People’s Congress, China’s legislature, decides whether to keep Xi Jinping at the head of the country or replace him after Beijing lifted re-election restrictions in 2018.
Time is of the essence, because the consequences of Shanghai’s lockdown – not only popular discontent, but also a drop in economic performance – have been seen by local analysts as political exhaustion that could prevent Xi from staying in power.
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Politics
The dollar continues to reflect the political scenario
Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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Politics
Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.
The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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Politics
The EU has reached a political agreement on limiting gas prices – 19.12.2022
The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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