China will no longer subject inbound travelers to quarantine from Jan. 8, putting the country on track to emerge from three years of self-imposed global isolation under a Covid Zero policy that battered the economy. Know more:
China will no longer subject inbound travelers to quarantine from Jan. 8, putting the country on track to emerge from three years of self-imposed global isolation under a Covid Zero policy that battered the economy and stoked historic public discontent.
The country also downgraded the management of Covid from the top level to the second highest, effectively removing the legal justification for aggressive Covid Zero restrictions. Still, the National Health Commission said it will continue to monitor the virus’s spread and vowed to take appropriate measures to suppress the peak of Covid outbreaks.
Chinese stocks extended gains for a second day, with the CSI 300 Index rallying as much as 0.9 percent on Tuesday. Shares of companies related to travel and consumer goods climbed in Japan and South Korea after China moved to end quarantine for inbound visitors. In another sign of downgrading the impact of the virus, the government changed the Chinese name of Covid-19 from “new coronavirus pneumonia” to “new coronavirus infections.” Omicron’s much reduced virulence compared to the ancestral strain that emerged from Wuhan means most people are sickened with only mild upper respiratory tract infections, authorities said.
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