Nations must expand cooperation to ensure a recovery from the virus-fueled downturn of the past two years, Xi told the opening ceremony of the Boao Forum for Asia via video link Thursday. While Xi made no mention of the Shanghai lockdown or the growing debate over the costs of China’s Covid Zero strategy, he reaffirmed the underlying goal of minimizing deaths.
China is seeking to support economic growth weighed down by lockdown measures to contain the country’s worst Covid-19 outbreaks since the early days of the pandemic. March data showed thein retail sales and a surge in unemployment to the highest since early 2020, even before more stringent virus-control measures were introduced in places like Shanghai in April.
The CSI 300 benchmark was down 0.5% as of 10:30 a.m. local time after rising by 0.4% in early trading. The gauge saw almost 3 stocks declining for every one that rose, with solar energy related stocks such as Longi Green Energy Technology Co. and Flat Glass Group Co. among its top losers.Economists at banks from UBS Group AG to Nomura Holdings Inc. have cut their full-year growth forecasts to well below the governments’ official growth target of about 5.5%.
Participants at the Boao forum included Israeli President Isaac Herzog, Philippine President Rodrigo Duterte, and International Monetary Fund Managing Director Kristalina Georgieva.
'Researchers and journalists who have warned of the virus or criticized zero tolerance have been sentenced to long prison terms or threatened with death'.Hmm,..I kind of reminds me of another country!with the same approach,....!!
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