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Beijing is reportedly considering reducing its hotel quarantine requirements for international arrivals to a 7+7 policy, meaning seven days in a hotel, then seven days of health monitoring at home. This would mark a change from the current protocol which calls for a 10-day hotel stay. The change comes amid calls from investors, according to the SCMP citing two sources based on discussions.

The move would be intended to reduce challenges for foreign companies, which have struggled to send expats to China with the strict quarantine rule in place. If the change becomes official, it will mark the second reduction in Beijing’s quarantine policy after a change from the initial 14+7 policy earlier this month.

Despite this, the locals COVID-19[feminine]

Covid-19

Covid-19 or novel coronavirus is a pandemic that caused wide-ranging economic turmoil and volatility in financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then , the virus has spread globally. , infecting millions of people worldwide. The virus has been extremely controversial, especially in the United States, which became highly politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern times, the most recent example being the 1918 flu epidemic. Financial markets and global economies were utterly unprepared for the scale of the virus, causing mass shutdowns, unemployment and other hardship in an effort to contain and mitigate the virus. How has Covid-19 affected the markets? Virtually every asset has been impacted in some way by Covid-19. At first, financial markets and equities crashed, with the nadir coming in March 2020 in the US and Europe. Widespread shutdowns have led to economic paralysis, prompting stimulus packages to help keep national economies functioning. The result has been a depreciation of currencies such as the US dollar, with the Federal Reserve printing billions of dollars to mitigate economic losses. Forex markets have since experienced historic levels of volatility, leading some to classify the Covid-19 pandemic as a Black Swan event. Financial markets have mostly rebounded in 2020 at the time of writing, although many headwinds remain in terms of economic recovery. Currently, unemployment rates and other indicators remain problematic and, when coupled with rising infection rates, portend further monetary policy action or stimulus in Europe and the United States. As of this writing, there is no vaccine for Covid-19, although several companies such as Pfizer and Moderna are close to producing a viable vaccine.

Covid-19 or novel coronavirus is a pandemic that caused wide-ranging economic turmoil and volatility in financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then , the virus has spread globally. , infecting millions of people worldwide. The virus has been extremely controversial, especially in the United States, which became highly politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern times, the most recent example being the 1918 flu epidemic. Financial markets and global economies were utterly unprepared for the scale of the virus, causing mass shutdowns, unemployment and other hardship in an effort to contain and mitigate the virus. How has Covid-19 affected the markets? Virtually every asset has been impacted in some way by Covid-19. At first, financial markets and equities crashed, with the nadir coming in March 2020 in the US and Europe. Widespread shutdowns have led to economic paralysis, prompting stimulus packages to help keep national economies functioning. The result has been a depreciation of currencies such as the US dollar, with the Federal Reserve printing billions of dollars to mitigate economic losses. Forex markets have since experienced historic levels of volatility, leading some to classify the Covid-19 pandemic as a Black Swan event. Financial markets have mostly rebounded in 2020 at the time of writing, although many headwinds remain in terms of economic recovery. Currently, unemployment rates and other indicators remain problematic and, when coupled with rising infection rates, portend further monetary policy action or stimulus in Europe and the United States. As of this writing, there is no vaccine for Covid-19, although several companies such as Pfizer and Moderna are close to producing a viable vaccine.
Read this term with restrictions still firmly in place and with the Chinese capital seeing record numbers of cases, don’t expect to see any noticeable changes anytime soon.


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