China to Maintain “Zero-Covid” Policy Under November
China is likely to maintain its “zero-COVID” policy until after the National People’s Congress in November 2022, and possibly beyond, according to a research report by investment bank Jefferies.
While many believe China has been waiting until after the upcoming Winter Olympics, scheduled to run from 4 to 20 February in Beijing, to reassess its COVID goals, Jefferies analysts Simon Powell, Katherine Zheng and Christopher Lui have suggested the wait will be longer, ensuring President Xi Jinping is reappointed to a historic third term without any outside distractions. There is also, they state, “a risk that [China’s zero-COVID policy] could continue into 2023 and possibly beyond.”
In a separate note on Monday, Jefferies’ Andrew Lee said he expects China will take its first steps towards reopening by allowing quarantine-free travel within the Greater Bay Area only but said even a slight uptick in visitation from the mainland on eased border policies would be good news for Macau.
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