News Snapshot:
About 21 million people in the Chinese city of Chengdu have gone into lockdown as authorities raced to snuff out a new Covid-19 outbreak. China is the last major economy wedded to a zero-Covid policy, stamping out virus flare-ups with snap shutdowns, mass testing and lengthy quarantines. Chengdu, in the southwest, became the latest city to announce a shutdown, saying in an official notice that residents must “stay home in principle” from 6pm on Thursday to combat a new wave of infections. Each household will be allowed to send one person out to buy groceries and essential goods per day,...
