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China’s “zero-COVID“ strategy has confined millions of people to their homes and set off protests and demands for President Xi Jinping to resign.
HONG KONG – China may announce 10 new Covid-19 easing measures as early as Wednesday (Dec 7), two sources with knowledge of the matter told Reuters, supplementing 20 unveiled in November that set off a wave of Covid easing steps nationwide. Three years of zero-tolerance measures, from shuttered borders to frequent lockdowns, have battered China's economy, fuelling last month the...
The World Health Organization has cheered China's loosening of its zero-Covid policy, with cities across the country making further moves towards unwinding some restrictions after days of unprecedented protests against the measures.
November saw strong advances in Chinese stocks, particularly in the final week.
HONG KONG – Beijing's abandonment of its draconian zero-Covid policy has reassured markets and calmed protesters, but it may not do much for the economy. It is one thing to stop harsh lockdowns and ease travel restrictions. Persuading households that hoarded US$1.9 trillion (S$2.6 trillion) this year to spend will be far more difficult. Sun Chunlan, China's top pandemic official,...