Coronavirus Update: China eases some travel requirements in move welcomed by markets, even as it counts 10,000 new COVID cases in a day

by | Nov 11, 2022 | Stock Market

China counted more than 10,000 fresh COVID cases on Friday sparking further restrictions on movement, but also eased some travel requirements in a move welcomed by financial markets. Beijing closed city parks and imposed other restrictions, even as millions of people remained under lockdown Friday in the West and south of China, the Associated Press reported. 

The country reported 10,729 new cases on Friday, almost all of them testing positive while showing no symptoms. More than five million people were under lockdown Friday in the southern manufacturing hub Guangzhou and the western megacity Chongqing. The government said Friday it was reducing the amount of time incoming passengers would be required to undergo quarantine. The U.S. Embassy this week renewed its advisement for citizens to avoid travel to and within China unless absolutely necessary. Incoming passengers will only be quarantined for five days, rather than the previous seven, at a designated location, followed by three days of isolation at their place of residence, according to a notice from the State Council, China’s cabinet. It wasn’t immediately clear when and where the rules would take effect and whether they would apply to foreigners and Chinese citizens alike. Relaxed standards would also be applied to foreign businesspeople and athletes, in what appeared to be a gradual move toward normalization. The news will be welcomed by Chinese citizens frustrated by the government’s zero COVID policy that has kept many in their homes sometimes for months …

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