Beijing's biggest district urged people to stay home during the weekend and COVID outbreaks grew in numerous Chinese cities, even as China further fine-tuned its health crisis rules by removing capacity limits at entertainment venues
Under a series of measures unveiled last week, authorities have sought to be more targeted in applying COVID-19 curbs that are taking a heavy toll on the economy and fuelling public frustration and anger, sparking investor hopes this week for more significant easing.
"Beijing is going through a big exam," city government spokesperson Xu Hejian told a Friday media briefing. "In our baseline, before the April reopening, Covid control measures such as targeted lockdowns and testing will still be implemented in places where there is local Covid resurgence, posting protracted disruptions to services and consumption over the next few months," Goldman Sachs analysts wrote.
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