China has created a series of official and unofficial trade barriers in recent years to a range of Australian exports worth billions of dollars including coal, wine, barley, beef and seafood.
Shanghai reported 480,000 people were still confined to their homes, while 1.59 million were permitted to move around their neighborhoods and 21.2 million were under lighter restrictions.
China's strategy to achieve zero Covid cases includes strict border closures, lengthy quarantines, mass testing and rapid, targeted lockdowns.
China recorded 1,100 new cases on Monday, the National Health Commission said Tuesday. Of those, about 800 were in Shanghai and 52 were in Beijing.
The Japanese group's losses were deepened by the many shares it holds in Chinese ride-hailing giant Didi Chuxing and e-commerce group Alibaba, which have been hit by a crackdown by Beijing.
China is the last major economy glued to a zero-Covid policy and enforces some of the most stringent virus controls anywhere in the world.
Beijing residents fear they may soon find themselves in the grip of the same draconian measures that have trapped most of Shanghai's 25 million people at home for several weeks.
Lee received 1,416 votes in the chief executive election, far exceeding the 751 votes needed to win. More than 97% of the Election Committee cast their votes in a secret ballot Sunday morning.
Chinese authorities have stuck to their zero-Covid policy of lockdowns and mass testing, entire neighbourhoods in the capital are sealed over a handful of infections.
China has maintained its hardline 'zero-Covid' approach but has imposed less onerous restrictions on the capital than in other cities such as Shanghai,where millions were placed under strict lockdown.
Beijing reported 53 new COVID-19 cases in the last 24 hours, taking the total to over 500 cases as the capital continues enforcing strict anti-virus measures and postponed school reopening for a week.
Major tourist sites in the city, including the Forbidden City and the Beijing Zoo, have closed their indoor exhibition halls and are operating at only partial capacity.
New cases in Beijing have remained steady, with another 62 recorded on Monday, 11 of them showing no symptoms, up just slightly from about 50 per day over the weekend.
Indian professionals in China urge Jaishankar to press Chinese govt to permit return of their families
Many Indian professionals working in China for a long period ranging from five to 27 years sent a joint petition to Jaishankar on May 1, highlighting their anguish.
Hundreds of thousands of virus-positive people have been taken to makeshift facilities as China does not allow them to quarantine at home.