China's Covid Outbreak Wanes as Curbs Eased to Boost Economy

China reported the fewest new Covid-19 cases in almost three months, with the easing of outbreaks in Beijing and Shanghai emboldening authorities to relax some of the strictest virus controls of the pandemic and move to stimulate the country’s faltering economy. Shanghai will lift lockdown measures for residents in low-risk areas, allowing them to leave and enter their compounds freely starting from Wednesday, according to a statement from the municipal government on Monday. The city will resume taxi and ride hailing services while allowing cars on the road in low-risk areas. Cases in the financial hub fell to 67 for Sunday from 122 on Saturday with bus and subway services to reopen in an orderly manner from June 1.