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China might not make major changes to its Covid policy any time soon

November 28, 2022
Source: cnbc.com cnbc.com
News Snapshot:
A couple pass necessities over a Covid lockdown barrier in Guangzhou city on Nov. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China won't likely make major changes to its Covid policy in the near future despite this weekend's protests, analysts said. One of the reasons for public unrest was the local implementation of recent central government policy, they said. "Without a clear guidance from the top, local officials are inclined to play safe by sticking to the existing zero-Covid stance," said Larry Hu, chief China economist at Macquarie. "It upset many people, who expect[ed] more...
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