CNBC: China may have ‘passed the point of no return’ as Covid infections soar
* In the last few days, the mainland China daily Covid case count has climbed to around or more than 28,000 — near levels seen in April during a stringent lockdown in Shanghai, according to CNBC calculations of Wind Information data.
* “China might have already passed the point of no return, as it’s unlikely to achieve zero Covid again without another Shanghai-style hard lockdown,” Macquarie’s Chief China Economist Larry Hu said in a report Tuesday.
* In GDP terms, nearly 20% of China’s economy was negatively affected by Covid controls as of Monday, close to the high of 21.2% recorded in mid-April during Shanghai’s lockdown, Nomura’s Chief China Economist Ting Lu said, citing the firm’s model.
BEIJING — Surging Covid infections across mainland China make it harder for the government to achieve zero-Covid without reverting to a harsh lockdown, Macquarie’s Chief China Economist Larry Hu said.
In the last few days, the daily case count has climbed to around or more than 28,000 — near levels seen in April during a stringent lockdown in Shanghai, according to CNBC calculations of Wind Information data.
The figures showed the last time mainland China saw only a handful of daily infections was in June, shortly after Shanghai eased its restrictions.
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WNU Editor: It looks like Beijing is doubling down on its measures .... China vows to enhance medical resources, crack down on excessive approaches amid severest COVID outbreak in 3 years (Global Times).
Covid Infections Explode In China
China anti-virus curbs spur fears of global economic impact -- AP
‘Critical moment’ for Beijing with Covid-19 cases at record high -- SCMP
China battles spiraling COVID crisis as city lockdowns widen -- Nikkei Asia
China’s COVID cases to smash records as video shows workers rebel -- Al Jazeera
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