All eyes on China’s next phase to revive its economy

Travelers at Beijing Capital International Airport in Beijing, China, on Friday, Dec. 30, 2022. China could see as many as 25,000 deaths a day from Covid-19 later in January, casting a shadow over the start of the first Lunar New Year festivities without pandemic restrictions. Source: Bloomberg

The upcoming Chinese New Year travel rush could prompt another surge in Covid-19 cases across the country.

PHOTO: BLOOMBERG

Tan Min Lan

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SINGAPORE - As an eventful 2022 drew to a close, one of the world’s most significant market events has only just begun. After three years of battling Covid-19, China is now taking decisive steps to revive the world’s second-largest economy.

In fact, December proved to be a tipping point. Beijing’s strategy to

loosen its zero-Covid policy measures

and provide economic support has been rapid and unprecedented in scope so far.

All eyes on China’s next phase to revive its economy

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