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China may have ‘passed the point of no return’ as Covid infections soar
Surging Covid infections across mainland China make it harder for the government to achieve zero-Covid without reverting to a harsh lockdown, Macquarie’s Chief China Economist Larry Hu said. In the last few days, the daily case count has climbed to around or more than 28,000 — near levels seen in April during a stringent lockdown in Shanghai, according to CNBC calculations of Wind Information data. The figures showed the last time mainland China saw only a handful of daily infections was in June, shortly after Shanghai eased its restrictions. The latest Covid wave has hit the southern city of Guangzhou, the ... (full story)
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- Posted: Nov 23, 2022 4:02am
- Submitted by:Category: Fundamental AnalysisComments: 3 / Views: 1,597
