The Chinese health authorities announced the Wednesday a general relaxation of sanitary restrictionsafter a wave of protestsand also with the hope of reactivating the second world economy, suffocated by the “zero covid” policy.
Between the main measures announced there are the end of large-scale, systematic PCR testingthe possibility of home isolation for mild cases and asymptomatic, and a more limited application of confinement.
“We welcome the decisive actions taken by the Chinese authorities to recalibrate the covid policy,” he declared. georgieva in a press conference together with leaders of other international economic institutions.
China’s effort to increase immunization rates it is also good “for the Chinese people, but it is also important for Asia and the rest of the world,” Georgieva added.
“China’s performance is important (not only) for China but also for the world economy“, affected by the repercussions of the war in Ukraine and inflation, added the person in charge.
The world economy has suffered this year the impact of the Russian invasion of Ukraineattached to a partial recovery from the pandemic and a cost of living crisis in many countries.
The progressive abandonment of the “zero covid” strategy will contribute “to eliminate a series of uncertainties“, he stressed for his part Ngozi Okonjo-Iwealageneral manager of the World Trade Organization (WTO) during the same press conference.
The Secretary General of the Organization for Economic Co-operation and Development (OECD), Mathias Cormannadded that these “adjustments will support the strength of the (economic) recovery both in China and in the world“.
China’s drastic decision to ease most of its health restrictions was applauded by the stock marketsconcerned about a possible recession in the United States.
But many analysts warned that the return to normality in the world’s most populous country would be long and chaotic, as China is now facing a surge in covid cases.
Popular anger in China, which had been simmering for months, erupted at the end of novemberwhen Thousands of protesters took to the streets in a dozen cities, demanding an end to “zero covid” and some even calling for the departure of President Xi Jinping.
The concentrations, which surprised the authorities, are the most important since the Tiananmen pro-democracy mobilizations in 1989.
China’s strict health policy, which forced to stop production lines because of the confinements, also has seriously affected the economy of the Asian giantwhich this year will experience one of its slowest growth rates in four decades.
The official target of a 5.5% GDP increase it is no longer considered credible by most economists.
Friday’s press conference li keqiang It was also his farewell as Xi Jinping’s prime minister during his first two five-year terms. Li Keqiang retires at the age of 67.
Source: Ambito
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