China loosened several Covid restrictions last month, including cutting the inbound quarantine period to “7+3”, to boost the economy.
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Chinese authorities are battling the spiraling medical costs of covid while rushing to contain the spread of the omicron variant.
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.