Chinese authorities are battling the spiraling medical costs of covid while rushing to contain the spread of the omicron variant.
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China will only let up on Omicron under two scenarios, both unlikely for now; enormous economic damage will lead to more policy easing on housing.
China’s worst-ever covid wave, with Shanghai at the epicentre, leads to more lockdowns as Beijing sticks to “dynamic zero-covid.”
The latest outbreaks are dealing a blow to the recoveries of retail and some service sectors in the North.
China’s A-share listed firms suffered significantly at the beginning of 2020 because of the COVID-19 pandemic.
The QR code system is likely to stay in place after COVID-19 as a new socio-economic norm.
Local governments are ramping up subsidies on cars and housing while Beijing is not delivering a big-bang stimulus.
