COVID dogs Chinese unrecovery

Via FTAlphaville Ajay Rajadhyaksha is global chair of research at Barclays.

Having seemingly successfully beaten back Covid — cases were below 100 last week, in a country of 1.4bn — China announced that it was open for business again. Can it last? Already, the signs are ominous.

Shanghai officials this week increased testing capacity and unveiled new lockdown measures, because they found just seven new Covid infections outside of government-mandated quarantine sites. Beijing officials have stated that the threshold for unwinding curbs is zero new community cases for seven consecutive days.

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