China's tough Covid-19 measures to combat an uptick in daily cases would hold back economic growth and hit markets, said veteran strategist David Roche.
China has tightened Covid-19 measures to combat an uptick in daily cases — a move that could hold back the country's economic growth and hit its stock markets, said veteran strategist David Roche.
Investor sentiment toward Chinese stocks has been dampened by Beijing's regulatory crackdown on sectors including technology and after-school tutoring.Medical personnel work on the sixth round of covid-19 test since late July in Nanjing in east China's Jiangsu province on Sunday, August 08, 2021.
Investor sentiment toward Chinese stocks has been dampened by Beijing's regulatory crackdown on sectors including technology and"Markets have got into the mode of thinking Covid is very ...
The country's National Health Commission reported 143 new Covid cases in mainland China on Monday — the highest number of daily infections since January, according to Reuters.Chinese authorities last week ordered— where the coronavirus was first detected — and imposed widespread movement restrictions in major cities including Beijing.
Some economists have raised concerns about China's "zero tolerance" approach to Covid, which refers to the country's aggressive clampdown on any flare-ups in Covid cases. The approach, which includes strict lockdowns and mass testing, helped China keep previous outbreaks under control before the latest resurgence.
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