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[1/2] People line up next to a medical worker in a protective suit, at a fever clinic of a hospital amid the coronavirus disease (COVID-19) outbreak in Beijing, China December 15, 2022. The pivot away from President Xi Jinping's signature "zero-COVID" policy followed unprecedented widespread protests against it. But, WHO emergencies director Mike Ryan said COVID-19 infections were exploding in China well before the government's decision to phase out its stringent regime. There are increasing signs of chaos during China's exit from the zero-COVID policy - with long queues outside fever clinics, runs on medicines, and panic buying across the country. China Meheco Group Co Ltd (600056.SS) said on Wednesday it signed a deal to import the U.S. drugmaker's treatment.

☆ China to optimise epidemic prevention and control next year -state media
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 7 (Reuters) - China should optimise epidemic prevention and control measures next year as it seeks to better coordinate epidemic policies with economic and social development, state media reported on Wednesday, after a high-level meeting of the Communist Party. The world's second-largest economy suffered a broad slowdown in October and the recent spike in COVID cases has deepened concerns about growth in the last quarter of 2022. "For next year, China will seek progress while maintaining stability," Xinhua cited the meeting as saying, adding that "it will hold the bottom-line of preventing systemic risks." China will continue to implement active fiscal policy and prudent monetary policy next year, it said. China's economy grew just 3% in the first three-quarters of this year, well below the annual target of around 5.5%.

☆ Analysis: China c.bank to offer limited, targeted growth support, no bazooka
▼ + stars: | 2022-12-01 | by ( Kevin Yao | ) www.reuters.com time to read: +5 min

Since 2020, when the world's second-largest economy was first jolted by the coronavirus, the PBOC has expanded its arsenal of structural policy tools, including relending and rediscount facilities and other low-cost loans. "The central bank is likely to expand the scope of structural policy tools and step up the use of such tools," said a person involved in policy discussions who spoke on condition of anonymity. Its outstanding loans made via structural tools amounted to nearly 5.6 trillion yuan ($781.64 billion) at the end of September, central bank data showed. A central bank adviser said last month that China should set a growth target no lower than 5% for next year. On Nov. 21, the central bank kept its benchmark lending rates unchanged for a third straight month.

☆ Chinese stocks roar in a comeback, but here’s why big investors remain cautious
▼ + stars: | 2022-11-17 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

A stunning reversal in Chinese stocks in November has investors once again reassessing whether now is the time to double down on this once-hot market. "Biden's comments that he did not see an imminent threat to Taiwan from China were also noteworthy...," said Chang to CNBC. Investors CNBC spoke to remain encouraged by the country's much-needed reopening but want more evidence to suggest Beijing is easing its zero-Covid policy. The latest third-quarter 13F filings ending Sept. 30 also show several reputable hedge funds reducing their exposure to Chinese tech stocks. These positions may have changed since the end of September, but the data does suggest buy-side investors remain cautious on owning Chinese tech.

China's strategy aims to win over "swing" countries to score United Nations votes, the diplomat said on Tuesday. Washington said it had taken note of the congress and stressed the importance of keeping open lines of communication. Like many up-and-comers, he is a former subordinate from Xi's days as party chief of the eastern province of Zhejiang. Other pro-reform policymakers excluded from the party's new central committee were outgoing economic czar Liu He, 70, and central bank party chief Guo Shuqing, 66. Also among the newcomers is Ding Xuexiang, who was Xi's chief of staff and named to the new Standing Committee.

☆ Analysis: Xi's next premier faces tough task reviving Chinese economy
▼ + stars: | 2022-10-24 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

China's economic tsar, Liu He, a U.S.-trained economist who is seen as the brains behind earlier reforms, will be replaced by He Lifeng, another Xi acolyte. "We face the problem of weakening expectations and confidence and it's empty talk if we cannot revitalise the economy," Jia said. China's economic miracle started in 1978 when Deng Xiaoping kicked off historic reforms, allowing more private enterprises and opening the economy to foreign investment. The poll showed China's growth could pick up to 5.0% in 2023, helped by a lower base. Xi's Standing Committee choices disappointed investors who had been hoping he would keep some reform-minded officials, including former Guangdong party boss Wang Yang.

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