A pandemic-prevention worker stands near a locked-down apartment compound in Beijing on Saturday, a day after the State Council issued 20 measures to ease some coronavirus controls. Photo: Reuters
A pandemic-prevention worker stands near a locked-down apartment compound in Beijing on Saturday, a day after the State Council issued 20 measures to ease some coronavirus controls. Photo: Reuters

China’s economic woes seen persisting despite ‘turning point in macro policies’

  • A market rally that started on Friday continued on Monday, with the yuan seeing its strongest close against the US dollar since September 20
  • But investors remain wary in the face of coronavirus restrictions and disruptions, believing the zero-Covid policy has become ‘a test of pragmatism for Beijing’, economist says

A pandemic-prevention worker stands near a locked-down apartment compound in Beijing on Saturday, a day after the State Council issued 20 measures to ease some coronavirus controls. Photo: Reuters
A pandemic-prevention worker stands near a locked-down apartment compound in Beijing on Saturday, a day after the State Council issued 20 measures to ease some coronavirus controls. Photo: Reuters
READ FULL ARTICLE