. | . |
China has room for further 'recalibration' of zero-Covid policy: IMF by AFP Staff Writers Washington (AFP) Nov 30, 2022 China has room to adjust its strict zero-Covid policy, the IMF said Wednesday, while underlining that the country's tough virus restrictions have been especially hard on its people. Demonstrations against the measures have erupted across major Chinese cities in recent days, in a rare outpouring of public frustration not seen since pro-democracy rallies in 1989 were crushed with deadly force. "Covid and Covid-related restrictions are hard on people... This has been the case everywhere, and even more so in China," an IMF spokesperson told AFP in an emailed statement. Almost three years into the pandemic, China still deploys strict virus containment policies including snap lockdowns of entire neighborhoods and cities to stamp out flare-ups, with the measures taking a heavy toll on consumers and businesses. While authorities have made policies more targeted, "there is scope for further gradual, safe recalibration," the Washington-based fund said. The IMF spokesperson added that control measures after outbreaks, including major business hub Shanghai which was sealed off for months this year, weighed on domestic economic activity. The zero-Covid policies have also had spillover effects outside China, interrupting regional and global supply chains. With the country's economy only "partially recovered so far," an adjustment of its current policy could help growth pick up in 2023 and support the global economy at a difficult time, the IMF said. On Tuesday, IMF managing director Kristalina Georgieva warned it might have to slash growth forecasts for China, saying this is a time of "high uncertainty." In October, the IMF cut its projection for the country's economic growth to 3.2 percent this year. Georgieva added on Tuesday that Beijing is looking into its zero-Covid approach "with a perspective to shift to more targeted response." For now, China continues to see clashes between police and protesters as a wave of demonstrations sparked by Covid-lockdowns expand into demands for greater freedoms.
Taiwan couple charged for 'bribing' voters with Chinese Covid tests Taipei (AFP) Nov 29, 2022 A Taiwanese couple is facing multiple charges for allegedly bribing voters with Chinese Covid tests ahead of the island's local elections, prosecutors said Tuesday. Chiu Jui-lien and her husband are reportedly the first indicted for violating the "anti-infiltration law" aimed at countering influence from China - which views self-ruled Taiwan as part of its territory and has vowed to seize the island. The law, pushed by President Tsai Ing-wen's ruling party in 2019, bans "hostile" foreign forces ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |