China still trying to cope with surge in Covid infections – Rabobank – by eren_fxstreet China Politics Banks
Analysts at Rabobank note that China is still trying to cope with the surge in Covid infections after restrictions were eased.outlets are reporting a potential peak in new infections, whereas reports of over-full hospitals and morgues paint a much bleaker picture. Some countries have already imposed inbound travel restrictions for passengers from China, and the EU will discuss a joint-policy today.
"It’s yet unclear what alternative policies the government may unveil but new strategies could include lowering the costs of materials, according to the news agency’s sources. This may slow the country’s path towards self-sufficiency in the chip sector, as it seeks to untangle itself from the US – which has increasingly been limiting its strategic rival’s access to key chip resources."
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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