Coronavirus Update: Beijing to gradually lift restrictions this week

After Friday’s stellar US labor market report, there is more for the investors to cheer starting out a fresh week, as China’s capital, Beijing is set to gradually lift the covid restrictions.

Having reported 19 new infections on Sunday, Beijing’s authorities announced residents would start returning to work from Monday and schools would resume from June 13 onwards.

Further details

Dine-in service in Beijing will resume on Monday.

Normal work will resume.

Traffic bans will be lifted on Monday in most areas of Beijing.

Shanghai, the country’s financial hub will also see a further incremental easing of the restrictions after most of the city's 25 million inhabitants have been able to move freely since Wednesday.