China is speeding up to cast aside large-scale lockdowns – Global Times
|Hu Xijin, a commentator at the highly-influential Chinese state media, Global Times, tweeted on Thursday, “Guangzhou has announced the lifting of all lockdowns. Beijing has been gradually lifting lockdowns over the past few days. Vice Premier Sun Chunlan on Wed formally noted the virus' weakening pathogenicity for the first time...China is speeding up to cast aside large-scale lockdowns.”
Market reaction
Risk sentiment remains lifted on China’s reopening optimism, with Hu’s tweet adding credence to the recent specutions of Beijing softening its stance on the zero-Covid policy. The US S&P 500 futures rise 0.16% on the day while the AUD/USD extends gains above 0.6800 in Thursday’s trading so far.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.