Tuesday, November 8, 2022

Goldman Sachs Suggests China Should Keep Zero-Covid Policy

  • Goldman Sachs said the Chinese government still needs to keep its Zero-Covid policy until probably the April-June quarter.
  • Some 39 buildings of the No.2 Island of the Ocean Flower Island, an artificial archipelago in Danzhou, South China’s Hainan Province developed by China’s debt-ridden Evergrande Group will be repurposed.
  • Vietnam’s second-biggest listed developer, No Va Land, is firing staff and seeking urgent asset sales.

Goldman Sachs said the Chinese government still needs to keep its Zero-Covid policy until probably the April-June quarter. This follows the commentary over the weekend, once again, that the government will maintain the policy even as global stock markets buy China-related stocks in hopes of a reopening soon. China reported its highest number of Covid-19 infections in six months on […]