WSJ News Exclusive | Universal Studios Beijing Cuts Staff as China Sticks With Zero-Covid Policy

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BEIJING—When Universal Studios Beijing opened last September after two decades in the making, NBCUniversal and its Chinese joint-venture partner hoped that the magic of Harry Potter would be a source of profits and jobs.

China’s strict anti-Covid policies have instead cast a gloomy spell. An almost two-month-long shutdown, caps on visitors and reduced opening hours have rubbed some of the magic off Universal Beijing Resort, leading to losses and layoffs.