Posted on

What to expect next as China relaxes Covid controls

Share

Passengers wait to board a train at Hongqiao railway station in Shanghai on December 6, 2022.Hector Retamal | Afp | Getty ImagesBEIJING — As mainland China relaxes many of its stringent Covid controls, analysts point out the country is far from a quick return to a pre-pandemic situation.National authorities announced sweeping changes on Wednesday to make it easier to travel domestically, keep businesses operating and allow Covid patients to quarantine at home.related investing news”These measures are much welcome for an economy that has been severely battered this year,” Nomura’s chief China economist Ting Lu and a team said in a report.”However, we would also caution that the road to full reopening may still be gradual, painful and bumpy,” they said. The country does not appear well prepared for a massive wave of infections, and the infection rate of 0.13% leaves the country far below that needed for herd immunity, according to the report.Mainland China’s daily Covid infections, mostly asymptomatic, surged to a record high above 40,000 in late November. The number has since tapered off as cities reduced virus testing requirements.The path forward for China to reopen may take a few months, with a surge in infections likely, according to a Goldm …

Read More