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View all search resultsPrada on Friday became the first major luxury house to host a show in China this year, navigating strict COVID-19 curbs to send models down a catwalk in a historic Beijing mansion hotel, a move aimed at underscoring its commitment to the market.
Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest pace in a generation owing to a spike in energy and food costs caused by the Ukraine war, China's lockdowns and supply chain snarls.
The outbreak of nearly 200 cases linked to the city centre Heaven Supermarket Bar, which had just reopened as curbs in Beijing eased last week, highlights how hard it will be for China to make a success of its "zero COVID" policy as much of the rest of the world opts to learn how to live with the virus.
Since late April, six people with symptoms of fever had died and one had tested positive for the highly contagious Omicron BA.2 subvariant of the coronavirus, the official Korean Central News Agency said, adding a fever of unidentified origin has "explosively spread nationwide."
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