China Posts 6-Month High COVID Count as it Sticks with Strategy

A woman lifts her mask to get swabbed for COVID test in Beijing, Sunday, Nov. 6, 2022. (AP)
A woman lifts her mask to get swabbed for COVID test in Beijing, Sunday, Nov. 6, 2022. (AP)
TT
20

China Posts 6-Month High COVID Count as it Sticks with Strategy

A woman lifts her mask to get swabbed for COVID test in Beijing, Sunday, Nov. 6, 2022. (AP)
A woman lifts her mask to get swabbed for COVID test in Beijing, Sunday, Nov. 6, 2022. (AP)

China on Sunday reported its highest number of new COVID-19 infections in six months, a day after health officials said they were sticking with strict coronavirus curbs, likely disappointing recent investor hopes for an easing.

China recorded 4,420 new locally transmitted COVID-19 infections on Saturday, the National Health Commission said, the most since May 6 and compared up from 3,659 new local cases a day earlier.

While case numbers are extremely low by global standards, China has stuck with a zero-COVID approach nearly three years into the pandemic that involves lockdowns, quarantines, frequent testing and a drastic decrease in inbound travel.

At a news conference on Saturday, health officials reiterated their commitment to the "dynamic-clearing" approach to COVID cases as soon as they emerge.

China's anti-COVID measures are "completely correct, as well as the most economical and effective", said disease control official Hu Xiang. "We should adhere to the principle of putting people and lives first, and the broader strategy of preventing imports from outside and internal rebounds."

Chinese stocks soared last week on rumors of a possible easing of the COVID curbs, and media reports that some tweaks to policy could be coming soon.

However, many analysts have said they do not expect significant easing to begin until after China's annual parliamentary session in March.

Goldman Sachs analysts said Saturday's announcement showed "the government still needs to keep its zero-COVID policy until all preparations are done. This may take a few months, in our view," they wrote, saying their "baseline" expectation was for a reopening in the April-June quarter.

The southern city of Guangzhou continued to report rising infections, with 66 new locally transmitted symptomatic and 1,259 asymptomatic cases, compared with 111 symptomatic and 635 asymptomatic cases a day before, authorities in the city of nearly 19 million people said.

China's capital Beijing reported 43 symptomatic and six asymptomatic cases, compared with 37 symptomatic and five asymptomatic cases the previous day.

Still, the annual Beijing marathon took place on Sunday morning under strict COVID protocols, after being cancelled the previous two years.

Some 26,000 participants registered for the event that began under smoggy skies in central Beijing's Tiananmen Square. Runners were required to take PCR tests for the three days leading up to the race and not to leave Beijing for seven days.



Trump Says Fresh US-China Trade Talks in London Next Week

The upcoming meeting in London comes after a call between Chinese President Xi Jinping and US President Donald Trump aimed at calming tensions over tariffs. Evgenia Novozhenina, SAUL LOEB / POOL/AFP/File
The upcoming meeting in London comes after a call between Chinese President Xi Jinping and US President Donald Trump aimed at calming tensions over tariffs. Evgenia Novozhenina, SAUL LOEB / POOL/AFP/File
TT
20

Trump Says Fresh US-China Trade Talks in London Next Week

The upcoming meeting in London comes after a call between Chinese President Xi Jinping and US President Donald Trump aimed at calming tensions over tariffs. Evgenia Novozhenina, SAUL LOEB / POOL/AFP/File
The upcoming meeting in London comes after a call between Chinese President Xi Jinping and US President Donald Trump aimed at calming tensions over tariffs. Evgenia Novozhenina, SAUL LOEB / POOL/AFP/File

US President Donald Trump announced Friday a new round of trade talks with China in London next week, a day after calling Chinese counterpart Xi Jinping in a bid to end a bitter battle over tariffs.

The talks in the British capital on Monday will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war this year.
"The meeting should go very well," said Trump in a post on his Truth Social platform.
The president added that US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet the Chinese team.
The first talks between Washington and Beijing since Trump slapped levies on allies and adversaries alike took place in Geneva last month.
While Trump had imposed a sweeping 10 percent duty on imports from most trading partners, rates on Chinese goods rocketed as both countries engaged in an escalating tariffs battle.
In April, additional US tariffs on many Chinese products hit 145 percent while China hit back with countermeasures of 125 percent.
Following the talks last month, both sides agreed to temporarily bring down the levels, with US tariffs cooling to 30 percent and China's levies at 10 percent.
But this temporary halt is expected to expire in early August and Trump last week accused China of violating the pact, underscoring deeper differences on both sides.
US officials have accused China of slow-walking export approvals of critical minerals and rare earth magnets, a key issue behind Trump's recent remarks.
While Trump's long-awaited phone call with Xi this week likely paved the way for further high-level trade talks, a swift resolution to the tariffs impasse remains uncertain.