News Snapshot:
Analysts say China could double its approach to zero Covid as a new omicron variant raises concerns about a new wave of Covid in the global pandemic and wreaks havoc on global markets last week. “The proliferation of high-transmission options could ultimately make this strategy untenable. But in the short term, the authorities are likely to redouble their efforts, ”said Mark Williams, chief economist for Asia at Capital Economics, in a Friday note, adding that it would have“ implications ”for China’s zero-Covid strategy. “Intermittent local blockages will continue to negatively impact activity, and fears of being flagged as close contact...
