China could double its zero-covid approach as new Omicron variants rekindled concerns about another Covid wave in a pandemic. Last week caused havoc across the global market, Analysts say.
“The epidemic of highly infectious variants can ultimately disappoint the strategy, but in the short term,” Mark Williams, chief Asian economist at Capital Economics, said in a note on Friday. , Authorities are likely to double. ” It will “influence” China’s Zero Covid strategy.
“Intermittent local blockades will continue to have a direct impact on activities, but concerns about being flagged as close contact will keep many at home,” he said.
A newly identified Omicron mutant, also known as B.1.1.529, was first reported in South Africa.It was Designated as a variant of concern by the World Health Organization Due to the large number of mutations, on Friday. “Preliminary evidence suggests an increased risk of reinfection with this mutant compared to other mutants. [variants of concern],'” Said the United Nations Health Agency.
Volunteers in protective clothing dispose of garbage outside the apartment of the Faculty of Arts and Information Engineering, Dalian Polytechnic University, Dalian, Liaoning Province, China.
VCG | Visual China Group | Getty Images
Indeed, WHO states that it is unclear whether the Omicron Covid variant causes more serious illness than other strains such as Delta.
Helen Zhu, managing director of Hong Kong-based investment firm Nan Fung Trinity, reiterated similar feelings about China’s response.
“If Omicron turns out to be a major threat, I think China will certainly continue to extend its period of isolation,” she said on CNBC’s “Street Sign Asia” on Monday.
Despite the fact that many countries have come to live with the virus and lifted some restrictions, China is sticking to its zero-covid strategy.Countries initially took a proactive approach through large blockades and strict social restrictions, but gradually Abandoned that strategy Highly infectious delta mutants spread rapidly, The effect of the blockade has decreased..
Morgan Stanley said in a report on Monday that the new Omicron stock could further delay reopening not only in China but also in Hong Kong and Taiwan.
“These economies have largely maintained their Covid-zero strategy. With the advent of this new variant, the short-term economic impact may be limited, but this is due to further resumption efforts. It means it can be pushed out and delayed stronger rebounds. Consumption growth. “
China’s ultra-strict zero-covid strategy involves a mass blockade — Even if one or a few cases are detected.. It also includes extensive testing, tightly controlled or closed borders, robust contact tracing systems and quarantine obligations.
Asian giants also conducted rigorous checks at the port, including surveillance of ships and cargo, to prevent the incident from slipping into the country.
In the new variant, as much tightening as possible will hurt exporters’ capabilities, Williams said.
“For exporters, tight control of air and transportation crews and the possibility of closing ports will further limit their ability to fill orders,” Williams said.
in the meantime, Study by mathematicians at Peking University If China discontinues its zero-tolerance policy by removing the curb of travel, China could face more than 630,000 Covid-19 infections a day, he said.
In a report released by the Chinese Center for Disease Control and Prevention to the Chinese CDC Weekly, mathematicians said China could not afford to lift the travel ban without more efficient vaccinations and specific treatments.
Omicron Covid variants can cause China to double with Zero Covid
Source link Omicron Covid variants can cause China to double with Zero Covid