A patchwork easing of the world's toughest COVID curbs sowed confusion across China, but investors cheered the prospects of a broader policy shift in the wake of last month's historic protests and mounting economic damage
Shift follows widespread demonstrations last monthHONG KONG/BEIJING, Dec 5 - China is set to announce the further easing of some of the world's toughest COVID curbs as early as Wednesday,, as investors cheered the prospect of a policy shift that follows widespread protests and mounting economic damage.
The strict approach has battered the world's second-largest economy, put mental strain on hundreds of millions and last month prompted the biggest show of public discontent in mainland China since President Xi Jinping took power in 2012. A new set of nationwide rules are due to be announced soon, two sources with knowledge of the matter said, paving the way for more coordinated easing.
Analysts now predict China may drop border controls and re-open the economy sooner than expected next year.
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