China will stop requiring inbound travellers to go into quarantine starting from January 8, the National Health Commission said on Monday. It will also downgrade the seriousness of Covid-19 as it has become less virulent and will gradually evolve into a common respiratory infection.
“Most Chinese cities could recover from the first wave of the latest Covid-19 outbreak by January ... this would be faster than people have expected,” he said, adding there was concern of an outbreak lasting longer and weighing on the economy, but that developments have been in general better than expected.
The kiwi surged 0.65% to $0.63115 while the Aussie gained 0.25% to $0.67485 in mostly thin year-end trading. The two currencies are often used as liquid proxies for China’s yuan.
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