Frustration simmered today among residents and business groups in China navigating stricter Covid-19 control curbs as the country reported another record high of daily infections
The resurgence of Covid cases in China has prompted widespread lockdowns and other curbs on movement and business, as well as pushback.China's Covid response is taking a mounting toll on the world's second-largest economy, and today its central bank made a widely anticipated move of support, cutting the amount of cash that banks must hold as reserves. This releases 500 billion yuan in long-term liquidity.
The announcement of the 20 measures, just as rising cases prompted an increasingly heavy response under China's strict zero-Covid approach, has caused widespread confusion and uncertainty in big cities, including Beijing, where many residents are locked down at home. A move towards living with Covid in the medium-term would be difficult, said Singapore-based ING economist Rob Carnell.
At the world's largest iPhone factory in the central city of Zhengzhou, more than 20,000 new hires have left after Covid-related worker unrest this week, further imperiling output at Apple supplier Foxconn's plant there, Reuters reported. "There is only one disease in the world and that is being both poor and not having freedom," he added.The man was later seen being bundled towards a police car by security personnel, prompting angry shouts from onlookers.
Oxford Economics senior economist Louise Loo said that reports of public dissatisfaction across provinces in partial or full lockdowns have gained momentum, as was the case during the last big outbreak in April, although these"don't yet reflect large-scale collective action".
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