China on Sunday reported its highest number of new COVID-19 infections in six months, a day after health officials said they were sticking with strict coronavirus curbs, likely disappointing recent investor hopes for an easing. READ
China recorded 4,420 new locally transmitted COVID-19 infections on Saturday, the National Health Commission said, the most since May 6 and compared up from 3,659 new local cases a day earlier.
China’s anti-COVID measures are “completely correct, as well as the most economical and effective”, said disease control official Hu Xiang. “We should adhere to the principle of putting people and lives first, and the broader strategy of preventing imports from outside and internal rebounds.” Goldman Sachs analysts said Saturday’s announcement showed “the government still needs to keep its zero-COVID policy until all preparations are done. This may take a few months, in our view,” they wrote, saying their “baseline” expectation was for a reopening in the April-June quarter.
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