Urban workers crowded train stations across China's largest cities on Tuesday as travel for Lunar New Year holidays hit high gear, an early sign of economic recovery as officials confirmed a plunge due to COVID-19 curbs.
in the fourth quarter, data showed on Tuesday, dragging 2022 growth down to one its worst performances in nearly half a century after three years of COVID restrictions and lockdowns.
"Peak infections passed in major cities in January, and with the Spring Festival coming, tourism is back, and the signs of a recovery in consumption are obvious," said Nie Wen, a Shanghai-based economist at the investment firm Hwabao Trust. The WHO earlier welcomed Saturday's announcement after last week warning that China was heavily under-reporting deaths from the virus.from attributing deaths to COVID.on so-called excess mortality - the number of all deaths beyond the norm during a crisis, the WHO said in a statement.
Chinese officials jettisoned Beijing's "zero COVID" policy - an approach previously championed by ruling Communist Party leader Xi Jinping - in early December, letting the virus run unchecked across its population of 1.4 billion people., now at the start of a historic decline with government figures released on Tuesday showing the population fell for the first time in six decades.
"I am not worried about the virus. Because we are young, our immunity is okay," 37-year-old migrant worker Zhou Ning told Reuters outside the Shanghai Railway Station as he prepared to head back to his home area in Bazhong in the northeastern province of Sichuan.
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