IMF Praises China's "Decisive" Move Away From Zero-Covid Policy

 

China'

The IMF (International Monetary Fund) has praised the People’s Republic of China’s decision to move away from the Zero-Covid policy.

On Friday, the IMF chief hailed China's move and said that the "decisive actions" would help revive growth in China and the world. Other global economic leaders also hailed China’s decision.

The head of the World Trade Organization (WTO) said that China’s decision would help to shore up the world economy. Ngozi Okonjo-Iweala, director-general of the WTO, hailed China for retreating from the zero-Covid policy.

Kristalina Georgieva, the managing director of the IMF, attended a press briefing with the heads of other major economic institutions in the eastern city of Huangshan. Georgieva reportedly said, “We welcome very much the decisive actions taken by the Chinese authorities to recalibrate the Covid policies.” The conference was hosted by outgoing Premier Li Keqiang.

On Wednesday, China announced the lifting of its most severe Covid-19 policies. The Chinese authorities said that people with Covid can now isolate themselves at home if they experience mild symptoms. Earlier, Chinese officials used to lock Covid positive people at the quarantine camps in the country.

Since 2020, China has followed the zero-Covid policy in order to curb the Covid cases in the country. However, people used to express concern over the zero-Covid policy.

In recent weeks, China witnessed huge protests over its Covid policy. Huge protests erupted in major Chinese cities after an apartment fire in the northwestern city of Urumqi killed 10 people. They also called for President Xi Jinping's resignation.

Earlier, many experts urged China to improve vaccination rates among the elderly. Reportedly, Georgieva said that the effort to boost vaccination rates is very good for the Chinese people and the rest of the world.

Under China’s new National Health Commission (NHC) guidelines, the Chinese authorities would stop launching temporary lockdowns.

Comments

Post a Comment

Popular posts from this blog

GAAC Holding: Restoring Afghanistan's Aviation Sector with Urgent Investments

Image
Afghanistan' s aviation sector has faced numerous challenges in recent years, with severe damage to airports and the suspension of international flights. However, GAAC Holding, a UAE -based company, has emerged as a key player in restoring the functionality and safety of Afghanistan's airports. Through significant investments and dedicated efforts, GAAC Holding aims to revive the country's aviation sector and pave the way for its development. Revitalizing Airport Infrastructure: GAAC Holding's urgent investment of USD 641,000 has played a crucial role in rebuilding Afghanistan's airports. The funds were utilized for various purposes, including repairing runway lights, installing generators, procuring x-ray machines, metal detectors, and explosive trace detectors. Additionally, temporary terminal buildings were set up, and essential supplies such as food and water were provided for airport staff. The company also invested in necessary ground support equipment like tr
Read more

12-year-old piano prodigy who plays Beethoven

Image
  Ahmed can play pieces by Beethoven, Mozart and Bach, and composes his own music. His mother, Eiman Al Aleel that in 2012 doctors said Ahmed, who was then a year and eight months old, had autism. “We took him to many  after he stopped talking or making eye contact,” said Ms Aleeli.  “I am blessed with a loving husband. He is a dedicated father and family man who is taking care of all the needs of our other three children since I am giving 90 per cent of my time to Ahmed,” she said. Enrolling Ahmed in kindergarten and then in school was a big challenge. “One kindergarten told me accepting Ahmed in their facility would tarnish their reputation,” Ms Aleeli said.
Read more

India,China hanging by the cliff, Can they afford a trade war?

India and China are barely holding on their own but what will happen if these countries go on a trade war? Indian has already banned 51 of chinese applications. The picture of a full blown trade war does not look nice. The deadly broder battle between both the countries last month has left the countries sour and has led to taking some drastic measures from both the ends. While India took an aggressive stance against China, the most populous country seems to be in no mood for retaliation. Chinese officials last week said that they were "strongly concerned" about the app ban, for example, but they did not threaten any kind of retaliation. And on Friday, a spokesperson for the Ministry of Foreign Affairs stressed that the two countries should work together, adding that barriers to cooperation "will harm India's interests." But given the interests of both the countries in line, India has more to lose. China has been a critical tarde partner for India and as of last
Read more