China's 'zero' covid policy will be maintained, despite an increase in instances in Shanghai.

The Global Times, China’s highly powerful news media, reports that the China’s National Health Commission mentions that they won’t deviate themselves from the COVID zero policy.

April 29, 2022 - 11:27 AM 265 views

China's 'zero' covid policy will be maintained, despite an increase in instances in Shanghai.

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© China's 'zero' covid policy will be maintained, despite an increase in instances in Shanghai.

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The Global Times, China’s highly powerful news media, reports that the China’s National Health Commission mentions that they won’t deviate themselves from the COVID zero policy.

Furthermore, the Health Commission added, "For the past two years, we have been practicing the dynamic zero-COVID policy, and it has proved effective. The zero-COVID strategy has become China’s secret weapon to fight and control the epidemic. This is the best choice, and the main idea is to protect the health authorities.

The key takeaways

·        It is extremely difficult to halt the spread of the coronavirus in major cities such as Shanghai and Beijing.

·        The fight against COVID is a full-fledged civil war.

·        Pursue the country’s economic progress with a dynamic zero policy but do not create a conflict with it.

·        All local governments must cooperate and do their best to balance the relationship between the COVID response and the country’s economy.

·        Closing all the cities doesn’t reflect the dynamic zero policy management.

Amidst the strict lockdown measures, there is a threat to the positive signs of the economic reopening. This is because of an increase in the number of COVID cases from the Shanghai reports.

As per Bloomberg, the financial centre reported about 9,970 infections and 52 deaths on Thursday, which is slightly higher when compared to Wednesday’s 9,764 cases.

In the meantime, Beijing city reported 49 cases on Thursday and on Wednesday it was 50. This suggests that the mass testing drive in the capital city of China, Beijing, will further trace the signs of Corona symptoms.

The Market Reaction

While poor earnings for Amazon and Apple have exacerbated concerns about technology companies, risk sentiment remains weak amid restricted markets in Japan. For the day, the S&P 500 futures are down 0.45%.

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