News Snapshot:
Shanghai is finally starting to reopen after two months of lockdowns. The economic cost of locking down China’s financial and commercial capital has been enormous. The human suffering caused by putting millions of people under de facto house arrest for weeks is beyond measure, but the damage to confidence in Shanghai as an ideal city to live in and do business is apparent. After Shanghai paid such a dear price, what has the lockdown achieved? One immediate result is that the city’s Covid-19 outbreak has been largely contained, a boost to China’s “dynamic zero” policy. As was the case with...
