News Snapshot:
China’s economy is expected to take a further hit as authorities in Beijing rush to contain a coronavirus outbreak with mass testing and tough restrictions that have left streets and shops empty in the capital during the five-day Labour Day holiday. Activity in both China’s manufacturing and services sectors fell to its lowest point in more than two years last month, data released on Saturday showed, in the latest sign that the government’s hardline zero-Covid policy is wreaking significant damage to the world’s second biggest economy. China is battling its biggest virus surge since the initial Wuhan outbreak in 2020...
