VOT Research Desk
According to Reuters, the largest Chinese cities of Guangzhou and Chongqing announced an easing of COVID curbs on Wednesday, a day after protesters in southern Guangzhou engaged in a physical altercation with police as part of a series of demonstrations against the strictest coronavirus regulations in the world.
The following are some ways that this helped the financial markets sigh with relief midweek and allowed the Australian Dollar to rise to new highs:
For November 30, China reported 34,942 new local COVID cases (previous 36,683). However, China’s top Covid response official told health officials on Wednesday that the nation was facing a new stage and mission in pandemic controls, according to state-run media Xinhua.
This may be a sign that Beijing is changing its zero-Covid strategy, which has sparked days of nationwide protests.
China’s pandemic containment faces a new stage and mission as a result of the Omicron variant’s reducing toxicity, rising vaccination rates, and collecting knowledge of outbreak control and prevention, according to deputy premier Sun Chunlan on Wednesday, according to Xinhua.
