- China cases top record reached in April’s Shanghai outbreak
- Cabinet hints at cut in reserve ratio requirement (RRR)
- Nomura cuts China GDP targets as lockdowns spread
- China shares decline, lagging rise in global stocks
BEIJING, Nov 24 (Reuters) – China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localised lockdowns, mass testing and other curbs that are fuelling frustration and darkening the outlook for the world’s second largest economy.
The resurgence of infections, nearly three years after the pandemic emerged in the central city of Wuhan, casts doubt on investor hopes for China to ease its rigid zero-COVID policy soon, despite recent more targeted measures.
The curbs are taking a toll on locked-down residents as well as output at factories, including the world’s biggest iPhone plant, which has been rocked by clashes between workers and security personnel in a rare show of dissent.