China’s New Leaders Back a More Targeted, ‘Decisive’ Covid Zero
- Fact Covid Zero discussed positive for markets, Hao Hong says
- Doesn’t mean an imminent end to the strategy: Macquarie’s Hu
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China’s top leaders reinforced the need to stick with the Covid Zero policy, while urging officials to be more targeted with their restrictions, a move potentially aimed at optimizing the contentious approach as public discontent with lockdowns grows.
In a meeting of the new Politburo Standing Committee chaired by President Xi Jinping, the members -- appointed to the supreme leadership body at last month’s Communist Party congress -- called for “more decisive” measures to curb the spread of the virus so as to resume normal life and production as soon as possible, according to the Xinhua News Agency. The Covid situation “remains severe” as cases keep emerging, they said.