China loosens zero-Covid policies to boost economy amid severe protests

Ten new guidelines

clock • 2 min read

China has scaled back its strict zero Covid policies amid a new stance from the central government about the damage they are doing to the economy.

In a statement reported by state broadcaster CCTV, China's State Council set out ten guidelines that loosen some restrictions. This includes allowing home quarantine for the first time, rather than in hospital or quarantine centres, and scrapping the requirement to present health QR codes or a negative coronavirus test to enter most public places, among other measures.  China's path to net zero provides opportunities The new guidelines also urge authorities to "ensure the normal functioning of society and basic medical services", stating that lockdowns should only be allowed in "hi...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asia

China's first quarter GDP growth beats expectations with 5.3% year-on-year jump

China's first quarter GDP growth beats expectations with 5.3% year-on-year jump

Beats expectations

Eve Maddock-Jones
clock 16 April 2024 • 2 min read
Fitch Ratings downgrades China's credit to 'Negative' as deficits 'erode fiscal buffers'

Fitch Ratings downgrades China's credit to 'Negative' as deficits 'erode fiscal buffers'

Transitioning to less property-reliant GDP

Eve Maddock-Jones
clock 10 April 2024 • 2 min read
EFG's Afzal and Gerlach: A letter from Hong Kong

EFG's Afzal and Gerlach: A letter from Hong Kong

Notes from recent investment trip

Moz Afzal and Stefan Gerlach
clock 28 March 2024 • 4 min read
Trustpilot