Chinese City Hosting Key IPhone Plant Lifts Covid Lockdown

11/29/2022

As of Nov. 30, Zhengzhou will remove so-called mobility controls — a euphemism for lockdown — and replace them with normal Covid-combating measures, according to a post on the local government’s official WeChat account.

Businesses will be allowed to resume operations in an orderly manner, and people outside of designated high-risk areas can skip Covid tests as long as they don’t leave home.

The announcement came hours after Chinese officials vowed to avoid excessive restrictions following the outbreak of weekend protests across the country against President Xi Jinping’s strict Covid Zero policy.

Goldman Sachs said on Monday that it saw a 30% chance of the policy ending before April, earlier than widely anticipated, in the wake of the demonstrations.

Full Link ( Bloomberg )