China reports most new COVID-19 cases since January amid Delta surge
The Peninsula
BEIJING: China reported on Wednesday the most new locally transmitted COVID-19 cases since January as some cities stepped up restrictions, cut flights and increased testing to get to grips with an outbreak driven mainly by the Delta variant.
The travel restrictions and closures led Nomura to downgrade its July-September growth forecast for the world's second-largest economy, as well as its full-year prediction, saying China's zero-tolerance approach to the virus was becoming increasingly costly. "The draconian measures taken by the government are resulting in potentially the most stringent travel bans and lockdowns in China since the spring of 2020," the brokerage said in a note.More Related News