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Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes

Hong Kong CNN Business  —  Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests. Multiple cities across China loosened Covid-19 restrictions over the weekend. Starting Monday, Shanghai residents will no longer require a negative Covid test result to enter outdoor venues including […]

China’s Xi acknowledges Covid frustration caused protests and hints at relaxing rules, EU official says

CNN  —  Chinese President Xi Jinping has acknowledged the frustration within China amid his government’s unrelenting zero-Covid strategy, a European Union official told CNN, in his first known remarks on the protests that have erupted across the country in recent days. Xi told visiting European Council President Charles Michel in Beijing on Thursday that the […]

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