An exit from zero-Covid is likely to boost both consumer and investor confidence and relieve China’s high youth unemployment. Photo: Bloomberg
Explainer |
Coronavirus: what does ending zero-Covid mean for China’s yuan?
- The yuan has recovered against the US dollar over the past week amid expectations Beijing will further adjust its zero-Covid policy
- Though market expectations on ending the hardline strategy are high, a full economic recovery will not be plain sailing, say analysts
An exit from zero-Covid is likely to boost both consumer and investor confidence and relieve China’s high youth unemployment. Photo: Bloomberg
