Wednesday, June 19, 2024
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As China abruptly ended its zero-COVID policy, many research groups have raised concerns that widespread infections among a vulnerable, under vaccinated population could overload the health system. New analyses by various modelling groups predict the reopening could result in as many as 2.1 million deaths.

The covid surge in China has also hit global stock markets and investors are concerned that covid-related disruption in world’s second biggest economy would also hurt demand for goods. 

“There are growing concerns that COVID related deaths in China are being under reported after China relaxed stringent restrictions under the Zero COVID policy. The threat of new variants looms for the globe as China gets engulfed by a fresh wave of COVID outbreak on reopening. How China reopening plays out is the biggest ‘known unknown’ in 2023,” IFA Global said in a note. 

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