China signals that it's not dropping covid-zero policies any time soon

[forex4you]

China signals that it's not dropping covid-zero policies any time soon

<p>The People's Daily was out today with an editorial saying China "will stick with zero-covid strategy to avoid huge losses arising from losing control of the epidemic."</p><p>It's the third straight day of editorials endorsing the policy that's increasingly leaving China at odds with the world and its economy suffering.</p><p>A day earlier, an editorial called for more confidence and patience in the current zero-Covid policy. The day before that, a commentary said the zero-covid policy is sustainable and essential to China's economic stability and China must stick to it.</p><p>These are party-approved editorials and wouldn't be released if Xi was planning to drop restrictions after the People's Congress (starting next week).</p><p>This is a drag for global growth and has been one of the things dragging oil back down this week.</p>

                This article was written by Adam Button at forexlive.com.

Source: China signals that it's not dropping covid-zero policies any time soon

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