Sat, January 28, 2023

China is Not Willing to Abandon its Covid-19 Policy

COVID-19 UPDATE text with stethoscope and blood sample vacuum tube on black background.

It is getting harder and harder to maintain its zero-Covid policy, but the People’s Republic of China is not willing to change its position regarding the pandemic. More precisely, on Monday, mainland China reported its first case of the omicron Covid variant.

The first patient with the omicron variant is a person who returned to China. Importantly, this person showed no symptoms and tested positive on Thursday, according to Tianjin’s local health commission.

Based on the information provided by the commission, the patient is in isolated treatment at a hospital. Covid’s new variant first reported in South Africa is highly transmissible. It raised concerns about the efficacy of existing coronavirus vaccines.

On the next day, Guangzhou city in southern China identified another omicron case coming from a traveller overseas. The patient is in isolated treatment at a local hospital.

China is not alone as other countries are also closely monitoring the situation regarding the omicron variant. This week, the United Kingdom reported the omicron variant’s first publicly confirmed death globally. Prime Minister Boris Johnson confirmed this information on Monday. Johnson stated that at least one patient with the new omicron variant of Covid-19 died in the U.K.

Covid-19 and China

Covid-19 first emerged in the city of Wuhan in 2019. China stabilized the situation, but the virus meanwhile became a global pandemic. Other countries are still struggling to reduce the number of new cases. 

The country’s government is not willing to tolerate even a single case. Thanks to strict measures, mainland China reported only pockets of Covid-19 cases in the last 18 months. For example, the mainland health commission reported 51 locally confirmed cases for Monday and 25 attributed to travellers from overseas.

Interested in Forex Trading? Read WiBestBroker’s comprehensive review on GoldenFex.

YOU MAY ALSO LIKE

Oil might reach $150 per barrel as OPEC+ will control supply

The biggest oil and gas companies are prepared to report annual profits,

Sterling declined on Thursday. What about Euro and Dollar?

Sterling fell slightly on Friday but was still close to its highest

Nokia Beats Exceeds Earnings Predictions

Nokia Oyj’s earnings topped expectations. Even amid a worse macroeconomic backdrop, as

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

OANDA Japan: No More fxTrade, USD/JPY Margin Shift

On Friday, one of Japan’s longest-standing online forex and CFD brokerages, OANDA Corporation, announced major changes to their service.  Specifically, the Japanese subsidiary of the brokerage will no longer allow new downloads of

BROKER NEWS

Broker News

OANDA Japan: No More fxTrade, USD/JPY Margin Shift

On Friday, one of Japan’s longest-standing online forex and CFD brokerages, OANDA Corporation, announced major changes to their service.  Specifically, the Japanese subsidiary of the brokerage will no longer allow new downloads of its