Shanghai Tightens Lockdown Despite Falling COVID Cases

Authorities in Shanghai have again tightened anti-virus restrictions, just as the city was emerging from a month of strict lockdown due to a COVID-19 outbreak.

Notices issued in several districts said residents were ordered to stay home and are barred from receiving nonessential deliveries as part of a “quiet period” lasting at least until Wednesday. The tightened measures could be extended depending on the results of mass testing, the notices said.

“Thank you for your understanding and cooperation. Together we can lift the lockdown at an early date,” said one notice issued in the city’s Huangpu district and posted online.

It wasn’t clear what prompted the renewed tightening, with numbers of new COVID-19 cases in the city continuing to fall.

Shanghai on Monday reported 3,947 cases over the previous 24 hours, almost all of them asymptomatic, along with 11 deaths. Authorities have been gradually lifting isolation rules on the city’s 25 million residents, but the new orders appear to be returning to conditions at the early stage of the outbreak.

Shanghai originally ordered mass testing along with a limited lockdown, but extended that as case numbers rose. Thousands of residents have been forced into centralized quarantine centers for showing a positive test result or merely having been in contact with an infected person.

Two Shanghai residents reached through social media said they’d had no prior notice of the new restrictions, which they were told could last for up to a week.

“We’re unprepared,” said Zhang Chen, a researcher with a technology company. “I packed my luggage thinking it would be my turn next” to be taken to a quarantine facility.

“I don’t know what will happen in May, but after the lockdown, I think I’ll need psychological help,” Zhang said.

A marketing professional in the western Pudong district said quality of life has been declining even as living expenses continue to rise under lockdown.

“Every time, they say lockdown will be eased after a few days, but there seems to be no end,” said the woman, who asked that she be identified only by her surname, Lu, to avoid repercussions from authorities who have cracked down heavily on dissent.

“All aspects of work are affected. I don’t know when it will be time for the lockdown to come to an end,” Lu said.

In Beijing, authorities closed down the largest city district, with residents told to stay home and stores closed. Beijing has ordered daily testing of all residents, closed parks and other leisure venues and limited restaurants to takeout business only.

The usually bustling Sanlitun area crammed with restaurants, boutiques and an Apple store was all but deserted. Despite that, retiree Yang Xiaochang said Beijing appeared to be far better prepared to weather the surge than its southern cousin.

“Even though at the beginning there were some panic buying … Beijing will not be like that,” Yang said, referring to Shanghai.

Still, companies and investors worry the ruling Communist Party’s “zero-COVID” strategy that closed most businesses in Shanghai and other industrial centers is disrupting global trade and activity in autos, electronics and other industries.

China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy.

Exports rose 3.7% over a year earlier to $273.6 billion, down sharply from March’s 15.7% growth, customs data showed Monday. Reflecting weak Chinese demand, imports crept up 0.7% to $222.5 billion, in line with the previous month’s growth below 1%.

Source: Voice of America

New Covid-19 Cases Drop 58.3 Per Cent In Malaysia Last Week

KUALA LUMPUR— The number of new COVID-19 cases in Malaysia for the 18th epidemiological week (ME18) from May 1 to 7 dropped 58.3 per cent, to 8,732 cases from 20,937 cases the week before, said Health director-general Dr Noor Hisham Abdullah.

He said during the same period, local cases dropped by 58.3 per cent or 20,876 cases to 8,703 cases and imported ones dropped by 52.5 per cent or 61 cases to 29 cases.

This brings the cumulative figure for COVID-19 cases in Malaysia to 4,456,736, with 23,276 being active cases.

“Recoveries in ME18 dropped by 45.1 per cent or 56,352 cases to 30,930 cases compared to ME17, and the cumulative total of recovered individuals is 4,397,881.

“The number of deaths in ME18 dropped by 42.9 per cent (56 cases to 32 cases) compared to ME17, bringing the cumulative figure for fatalities to 35,579,” he said in a statement.

The number of COVID-19 patients admitted to public hospitals and COVID-19 Quarantine and Treatment Centres (PKRC) per population of 100,000 dropped by 27 per cent for the same ME compared to the previous period.

“The admission of COVID-19 cases to public hospitals per population of 100,000 dropped by 50 per cent involving all categories of patients.

“Overall, bed occupancy for non-critical COVID-19 cases dropped by 21 per cent, for Intensive Care Unit (ICU) beds it dropped by 20 per cent and for PKRC beds it dropped by 100 per cent,” he added.

Source: NAM NEWS NETWORK

Vietnam Exports Seafood Mostly To China In Jan-Apr

HANOI – Vietnam raked in around 3.6 billion U.S. dollars from seafood export, during the period from Jan to Apr this year, with China being the biggest market, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

China accounted for 32 percent of Vietnam’s seafood export, during the cited period, followed by the U.S., with 24.5 percent, the association was cited as saying, yesterday.

After two years of being affected by the COVID-19 pandemic, the market demand for seafood recovered and increased remarkably, with export up 44.5 percent year on year, the news agency cited Deputy Director of the VASEP Training and Trade Promotion Centre, Le Hang, as saying.

As the global seafood supply became even more unstable, Vietnamese seafood enterprises seized the opportunity to increase export with more deals closed at higher values, she said.

The VASEP estimates that China and the United States will continue to be the key markets for Vietnam’s seafood, as well as, the main drivers of the seafood export growth in the coming months, according to the report.

Vietnam reaped nearly 8.9 billion dollars from exporting seafood in 2021, up 5.7 percent from the previous year, according to the country’s General Statistics Office.

Source: NAM NEWS NETWORK

Leaders to Meet as US Trails China in Economic Support for Southeast Asia

A summit this week will put pressure on Washington to match China’s economic development support for Southeast Asia, a region of 680 million people, experts say.

Southeast Asian countries want to avert overdependence on Chinese trade and investment, analysts believe. But they say the region has found relatively little help from the United States. The prospect of more U.S. economic support could underpin a U.S.-ASEAN Special Summit set for Thursday and Friday.

“There has been a lot of emphasis on the political and security aspects, and the economic initiatives seem to be lagging behind,” said Aaron Rabena, research fellow at the Asia Pacific Pathways to Progress Foundation in Manila.

Leaders from ASEAN — the 10-member Association of Southeast Asian Nations bloc — will meet American business representatives, U.S. Trade Representative Katherine Tai and Department of Commerce Secretary Gina Raimondo at the summit Thursday to “discuss economic cooperation,” according to an agenda outline.

China key to trade, investment

China and the United States compete in much of the world for the support of smaller countries, as the government in Beijing expands overseas economically as well as militarily.

U.S. officials wary of China’s influence over Southeast Asia periodically send warships to the South China Sea and hold joint military exercises with countries such as the Philippines.

Foreign trade and direct investment represent income for the tens of millions of Southeast Asians living in poverty.

China has been ASEAN’s largest trading partner since 2008, and their trade totaled about $731.9 billion in 2020, the Chinese state-controlled news website Global Times reported.

U.S. goods and services trade with ASEAN came to about $362.2 billion in 2020, according to data from the Office of the U.S. Trade Representative.

ASEAN’s 2020-2021 investment report shows that the United States ranked as the top source of foreign direct investment in 2020 at $34.7 billion, ahead of China at $12 billion.

But Southeast Asian countries such as Cambodia and Malaysia benefit from the $4 trillion-plus Chinese Belt and Road Initiative, a 9-year-old development strategy that builds infrastructure throughout Eurasia to help open trade routes.

The United States lacks a global Belt-and-Road equivalent, though it launched a program in 2020 to help the five Mekong River ASEAN states ease rainfall droughts and provide COVID-19 relief.

As a command economy, China can step up trade and investment quickly, analysts say.

“China has all the levers,” said Shahriman Lockman, senior foreign policy and security studies analyst with the Institute of Strategic and International Studies in Malaysia. “Basically, the state is able to deploy those economic levers quite easily, whereas it’s not so straightforward for the United States.”

For Washington, he said, the levers “would need to make money.”

U.S. role in Southeast Asia

ASEAN is comprised of Southeast Asian countries Brunei, Cambodia, Laos, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. They accept Chinese trade and investment but don’t want to be “totally exposed” to China, Lockman said.

Brunei, Malaysia, the Philippines and Vietnam dispute tracts of the South China Sea with Beijing, which claims 90% of the resource-rich waterway and has a military lead over the other countries. The United States backs the Philippines and Vietnam in resisting Chinese expansion in the sea.

Southeast Asian factories depend on Chinese companies as a source of raw materials, while consumers look to China for shipments of inexpensive daily goods.

Southeast Asian countries hope the United States will do more to end its 4-year-old trade dispute with China before import tariffs on both sides spill into other parts of the economy, said Jayant Menon, visiting senior fellow with the ISEAS-Yusof Ishak Institute’s Regional Economic Studies Program in Singapore.

The U.S. Securities and Exchange Commission is now eyeing 80 Chinese firms for possible removal from American stock markets, a key source of capital.

“I guess ASEAN leaders would be keen to get some reassurance that there is a commitment towards resolving this trade war sometime down the track,” Menon said.

Liu Pengyu, spokesperson for the Chinese embassy in Washington, D.C., encouraged the United States to do more for Asia.

“China hopes that when participating in regional cooperation with East Asia countries, the U.S. will abandon the Cold War mentality and … do more things conducive to regional peace, development and prosperity,” he said.

Too early for deals?

The summit this week will not produce any formal economic-related agreements, experts predict. But language in any joint statements could signal where the ASEAN goes next with the United States, Rabena said.

Biden will meet ASEAN leaders on Friday to “recognize (an) ASEAN central role in delivering sustainable solutions to the region’s most pressing challenges,” White House press secretary Jen Psaki told reporters last week.

Statements from the summit will probably allude to avoidance of future health crises, measures to ease climate change and steps toward a “green” economy, Menon said.

Source: Voice of America

Mongolia Exports 3.8 Million Tonnes Of Coal In First Four Months

ULAN BATOR – Mongolia exported a total of 3.8 million tonnes of coal in the first four months of this year, down 48 percent year on year, Mongolian Customs General Administration said today.

The significant decrease is related to border restrictions, due to the COVID-19 pandemic, it said.

Coal is Mongolia’s main export commodity.

Mongolia has planned to export at least 36 million tonnes of coal in 2022, according to the authority.

The country, which is rich in natural resources, exported 15.9 million tonnes of coal in 2021, down 44.3 percent year on year, according to Mongolian Ministry of Mining and Heavy Industry

Source: NAM NEWS NETWORK