Goldman Sachs Suggests China Should Keep Zero-Covid Policy
Skift Take
- Goldman Sachs said the Chinese government still needs to keep its Zero-Covid policy until probably the April-June quarter.
- Some 39 buildings of the No.2 Island of the Ocean Flower Island, an artificial archipelago in Danzhou, South China’s Hainan Province developed by China’s debt-ridden Evergrande Group will be repurposed.
- Vietnam’s second-biggest listed developer, No Va Land, is firing staff and seeking urgent asset sales.
Goldman Sachs said the Chinese government still needs to keep its Zero-Covid policy until probably the April-June quarter. This follows the commentary over the weekend, once again, that the government will maintain the policy even as global stock markets buy China-related stocks in hopes of a reopening soon. China reported its highest number of Covid-19 infections in six months on Sunday. The National Health Commission said China had 4,420 new locally transmitted Covid-19 infections on Saturday. This is when health officials confirmed their commitment to the “dynamic-clearing” approach to Covid cases as soon as they emerge. What we don’t understand is that instead of the commentary that the flare-ups of cases show the need for the Zero-Covid policy, why isn’t there a significant amount of commentary about how the continued cases show Zero-Covid does not work?
Some 39 buildings of the No.2 Island of the Ocean Flower Island, an art
