China Eases Covid-19 Restrictions: Markets Rejoice!

Dec 08, 2022

China_Eases_Covid-19 restrictions

China's relaxation of Covid-19 restrictions continues to gain traction as the world's second-biggest economy attempts to recover from a year filled with business disappointments and supply-chain issues.

On Wednesday, health officials revealed one of the most major relaxations to date, stating publicly that asymptomatic and mild cases countrywide may now be quarantined at their homes rather than in the centralized facilities that have upset locals since the pandemic's beginning.

Authorities appear to be nearing the end of what has become known as China's zero-Covid policy because, after nationwide protests against the harsh virus-containment measures, officials at the National Health Commission said that Beijing, Shanghai, and Guangzhou will join in eliminating requirements such as showing proof of negative infection status to enter supermarkets, malls, office complexes, and other public facilities.

New Cases

The official figure for daily new cases of Covid-19 declined for the eighth day in a row on Wednesday, to 25,115, with no deaths. However, the numbers have continued to fall as the government phased off near-daily testing in cities across the country.

However, according to experts, the actual number of cases is likely much higher and still rising, and could soon escalate into a severe public health crisis as a result of testing cuts and the easing of travel across the country.

Anne-Marie Brady, a specialist in Chinese politics at the University of Canterbury, commented that Omicron is much too infectious to be contained. The problem is that China does not have enough ICU beds to deal with a mass outbreak, and there is relatively little natural immunity within the population. As a result, China has begun attempts to immunize its under-vaccinated older population and front-line healthcare personnel across the country as it has relaxed restrictions.

Saving The Economy

However, the furious demonstrators aren't the only ones calling for an end to zero-Covid. Six renowned Chinese economists released a joint statement on Saturday outlining a seven-point strategy to revive the country's economic activities responsibly but swiftly.

Among the authors of the letter were three deans of leading Chinese universities. The strategy was published on the WeChat account of Ren Jeping, who is considered China's "famous economist”. The letter emphasizes the need for state support for private firms, manufacturing, and real estate, all of which have been hit hard this year amid severe virus restrictions.

Stocks in mainland China and Hong Kong started to gradually gain since the softening measures in late November.

Leland R. Miller, CEO of consultancy China Beige Book said that what's remarkable about the recent surge in Chinese equities is that the rapid rally in stocks seems to be causing investors to lean more and more toward bullish sentiment in the economy.

"That's a risky mindset, and not just because it's in no way justified by the economic data, which is currently awful. It's also a bet that major lockdowns won't return as Covid spreads this winter," he told Barron's.

Other analysts believe that, while it will take more time, China's wounded economy will begin to recover.

"If China re-connects with the world with fewer restrictions in 2023," said Bruce Pang, chief economist of Greater China at Jones Lang, its economy would speed up again — on the strength of greater expectations, stronger consumption, less-disrupted cross-border supplies, and more extensive investments.

Subscribe Our Newsletter

Citadel Securities Avoids Crypto Due to Regulatory Uncertainty
Citadel Securities Avoids Crypto Due to Regulatory Uncertainty

Citadel Securities, one of the world's largest market-making firms, does not trade cryptocurrencies owing to regulatory uncertainty, according to Ken Griffin, the company's founder.

Crypto
fxcm office
Increased Volatility Generates $4.9 Million in Profits for FXCM UK

FXCM released its annual financials for the fiscal year ended December 31, 2020, reporting a net profit of over $4.9 million. This is important because the firm lost more than $1.2 million in 2019, indicating a 518.8% increase.

Companies
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Alexander

What Is Crypto Exchange Liquidity? How Does It Influence a Platform’s Performance?
Crypto liquidity is a vital aspect of any crypto exchange platform, which greatly affects the trading experience of its users.

discover
Exploring the Metaverse: What Does It Mean for the Future of the Internet?

Milena

Exploring the Metaverse: What Does It Mean for the Future of the Internet?

The Internet is that digital world that gives everyone the opportunity to find interesting information, get new business opportunities, make transactions, create your ecosystem in online games, and be whatever you want to be.

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.