China's Financial Center in Shanghai Is Going to Shut Down

Shanghai, which has started to follow multiple closure policies, has recorded repeating record cases. With the spread of the pandemic again, the city has tightened the measures, and a two-stage closure is being followed.

While the spread of the pandemic in China is closely monitored by global markets, new records are being set in cases in Shanghai, the financial center of the country. Shanghai, a bustling financial city with a population of 27 million, is struggling with the spread of the pandemic. While this pandemic is being closely watched by global markets, new records are being set in cases in Shanghai, the financial center of the country.

In the official statements made, it was stated that as of March 28, there were 4 thousand 381 asymptomatic and 96 symptomatic cases in the region. The numbers revealed that the disease was spreading at record levels.

Authorities have so far resisted closure in the city of 25 million, as it could create economic instability. The administration stated that a two-stage closure path will be followed in the city of 27 million in order to carry out tests within a 9-day period.

According to the statement made by the Center for Disease Prevention and Control, quarantine will be implemented in the eastern and southern parts of the Huangpu River in the region, including the commercial and financial center of the city, Pudong, and its surroundings, from March 28th to April 1st, and in the western part of the river between April 1st and 5th.