It’s Too Early to Celebrate Covid Zero’s End in China, Experts Say
- Stocks climbed after China cut quarantine time for travelers
- China watchers say measures aren’t a substantial relaxation
This article is for subscribers only.
After China announced a sweeping set of changes easing quarantine and testing requirements on Friday, investors across asset classes rejoiced like the controversial Covid Zero playbook had been all but declared over.
But even as stocks, commodities and the onshore yuan surged, China watchers cautioned that the relaxations may not represent a move toward exiting the country’s zero-tolerance framework. Instead, it may merely reflect top leaders’ efforts to put the strategy on steadier footing so it can endure even longer.