Market news
11.10.2022, 03:05

China must stick with covid zero policy – People’s Daily

China’s Communist Party newspaper, People’s Daily, supported the country’s Covid Zero policy for the second day in a row, as coronavirus cases surge after the Golden Week holiday and ahead of the Congress.

Key quotes

“Covid Zero is “sustainable” and the country must stick to the policy because it’s key to stabilizing the economy and protecting lives.”

“Only when the epidemic is under control can the economy be stable, people’s lives be peaceful, and economic and social development be stable and healthy.”

“Once a large-scale Covid rebound is formed, the spread of the epidemic will inevitably have a serious impact on economic and social development, and the final cost will be higher and the loss will be greater.”

This comes after the country reported 1,989 cases for Monday, the highest since August 19.

Related reads

  • USD/CNH Price Analysis: Pokes weekly hurdle above 7.1700 during five-day uptrend
  • AUD/USD renews 2.5-year low near 0.6250 as DXY traces firmer yields amid hawkish Fed bets

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location