BEIJING — China has been tweaking its stringent COVID curbs but shows no sign of backing off from its “dynamic zero” policy, and has lagged in vaccination…
The absence of a roadmap out of zero-COVID and expectations that it will persist well into 2023 leaves residents and businesses facing a prolonged period of uncertainty.
This week, Shanghai’s 25 million people were subject to more mandatory city-wide testing, and fear of tougher measures or getting caught up in China’s zero-COVID bureaucracy continues to exact an economic toll, including on consumption and jobs.Article content Businesses have described how they have been badly hurt and find it hard to plan given the possibility of abrupt lockdowns, while international business groups have been especially vocal about the costs of zero-COVID, with members warning of plans to invest elsewhere.
“The curbs can only be lifted after the country has finished vaccinating the elderly. This might not be before fall 2023,” said Wuttke, who has suggested to Premier Li Keqiang that China set up vaccination tents next to its now-ubiquitous testing kiosks. It is trying to soften the edges of a zero-COVID approach that is grating on a population frustrated by the sluggish economy – youth unemployment is at a record 18.4% – and the third year of pandemic, with no end in sight.
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