Comments from market watchers on the COVID-19 protests in China

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As anger over China's strict zero COVID-19 policy intensifies, residents in some major cities took to the streets at the weekend, clashing with police over restrictions that have taken a heavy toll on the economy and people's freedoms.

ROBERT SUBBARAMAN, CHIEF ECONOMIST ASIA EX-JAPAN, NOMURA, SINGAPORE:

"Things are very fluid. Protests could also be the catalyst that leads to a positive outcome in leading the government to set a clearer game plan on how the country is going to learn to live with COVID, setting a more transparent timetable, and accelerating China's move to living with COVID.""The scale of the protests will necessarily elicit a response from Beijing.

"Overall, the China Q4 growth outlook should remain grim given the COVID resurgence and the related mobility tightening. What's more, the outbreak of the social unrest reflected the prevailing feeling of anti-pandemic fatigue after a long period of lockdowns and all of these will likely suppress consumption.

 

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the majority of chinese, even educated ones were so intoxicated by real estate pumping 10x, they refuted1989 tiananmen, calling the previous generation of student protesters deluded. they proudly boast their involvement in 'peace keeping' they fully deserve their plight today.

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Gunshots were heard at the scene as the people of Wuhan took to the streets in protest. Casualties are currently unknown.

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