China’s CDC Official: Will continue to fine tune zero-Covid policy to reduce the impact on economy

Dhwani Mehta FXStreet

When asked if the protest will prompt them to reconsider the zero-Covid policy, an official at the Chinese Center for Disease Control and Prevention (CDC) said on Tuesday, they will continue to fine-tune policy to reduce the impact on society and the economy.

The CDC official sadi, “we will promptly and effectively solve the urgent and difficult problems reported by the masses.”

Meanwhile, another Chinese health official clarified that people's complaints are about extra COVID-19 measures and one size fits all approach and not the measures themselves.

Market reaction

These comments add to the China reopening speculations, keeping risk sentiment in a firmer spot so far in this Tuesday’s European session. The US Dollar Index is currently trading at 106.33, down 0.34% on the day.

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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