Markets optimistic as China eases Covid rules, but experts warn of danger ahead

2 months ago 23

Amid signs that supply chain woes are improving, economists remain uncertain that China is ready to live with Covid

Global shares and the price of some key commodities have risen on hopes that the easing of China’s strict zero-Covid measures would help to bring down inflation, even as some experts warned that the country was not prepared to live with the disease.

China’s government on Wednesday announced a significant shift towards living with the virus. People with Covid-19 who have mild or no symptoms can quarantine at home, while officials have been instructed to stop launching temporary lockdowns. Testing will no longer be required for “cross-regional migrants”.

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