Economic news

China continues to lift COVID restrictions

2022.12.12 04:57


China continues to lift COVID restrictions

Budrigannews.com – China has reduced the number of areas that are thought to be at high risk of spreading COVID, reopening locked areas like one that houses an important Apple factory (NASDAQ:). supplier.

According to official data, the number of high-risk areas decreased to around 4,500 on Monday, a 85% decrease from more than 30,000 on December 7 prior to the announcement of the most recent policy shift.

On Monday, a district in the central Chinese city of Zhengzhou, where iPhone supplier Foxconn has a large facility, announced that it had lifted the lockdown on all high-risk areas.

Fearing COVID lockdowns that would stop production, thousands of Foxconn employees fled the facility last month.

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One of China’s most recent protocols, which was released on December 7, states that high-risk areas should be released from lockdown if there have been no new infections for five consecutive days.

Neighborhood specialists have likewise been cautioned not to for arbitrary reasons grow the extent of lockdowns or draw out them.

According to economists, China’s decision to live with COVID will lessen the number of disruptive lockdowns that have hampered the economy, particularly this year, due to the virus’s high transmissibility in the Omicron strain.

China continues to lift COVID restrictions

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