Lockdown will end in Shanghai, China's largest metropolis, decrease in corona case

The Chinese city of Shanghai has moved towards a gradual reopening after two months of a COVID-19 lockdown, while the capital, Beijing, has maintained restrictions. Shanghai's main goal is to end its lockdown from Wednesday. More people were allowed out of their homes and more businesses were allowed to reopen in the past week, although most residents are largely confined to their apartment complexes and most limited to store deliveries.

Videos on social media showing people having fun on Friday night, several foreigners drinking and dancing on the street in different areas of the city, were stopped by police and told to go home. So another video shows a street group singing an emotional anthem from 1985 called Tomorrow Will Be Better, which also features a keyboard player.

China's strict zero-to-COVID commitment has decimated the world's second-largest economy. Global supply chains have been shaken. The economic impact was clear in data released on Friday, which showed April profits among industrial firms fell 8.5% annually, their sharpest fall in two years, due to rising raw material prices and supply chain chaos due to COVID-19. Profit margins were reduced and constrained due to restrictions.