Even without a lockdown, Beijing's economic activity declined in May

Industrial output in the capital city dropped nearly 40% in May, worse than Shanghai's almost 28% drop

Beijing’s economy was slammed in May as it contended with Covid outbreaks, a sign that government curbs to contain the virus still had a significant impact even though it managed to avoid a citywide lockdown like Shanghai’s. 
 

Retail sales in the city fell about 26% in May from a year earlier, data from the municipal statistics bureau showed. That’s worse than any other provincial-level jurisdiction that has published monthly data so far except for Shanghai, where spending plunged some 37%. 

Workers wear protective equipment before entering