Shanghai’s two-phase lockdown tests ‘zero-Covid’ limits

A two-phase lockdown of Shanghai’s 26 million people is testing the limits of China’s hard-line “zero-Covid” strategy, which is shaking markets far beyond the country’s borders.
China’s largest city entered the second day of the lockdown’s first phase, which includes the Pudong financial district and adjacent areas on the east side of the Huangpu River.