China must stick with covid zero policy – People’s Daily

Dhwani Mehta FXStreet

China’s Communist Party newspaper, People’s Daily, supported the country’s Covid Zero policy for the second day in a row, as coronavirus cases surge after the Golden Week holiday and ahead of the Congress.

Key quotes

“Covid Zero is “sustainable” and the country must stick to the policy because it’s key to stabilizing the economy and protecting lives.”

“Only when the epidemic is under control can the economy be stable, people’s lives be peaceful, and economic and social development be stable and healthy.”

“Once a large-scale Covid rebound is formed, the spread of the epidemic will inevitably have a serious impact on economic and social development, and the final cost will be higher and the loss will be greater.”

This comes after the country reported 1,989 cases for Monday, the highest since August 19.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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