China Dials Back Some COVID-19 Curbs, Global Stocks Jump

China Dials Back Some COVID-19 Curbs, Global Stocks Jump
A man walks past a display showing the Hang Seng Index in Hong Kong on March 15, 2022. Dale de la Rey/AFP via Getty Images
Naveen Athrappully
Updated:
0:00

The Chinese regime has announced relaxing some of the harsh COVID-19 restrictions imposed in the country, with the decision positively affecting stocks worldwide.

On Nov. 11, China’s National Health Commission (NHC) announced easing the pandemic rules a day after the Politburo Standing Committee met to approve the measures. The new rules cut down centralized quarantine times for close contacts and foreign travelers from seven to five days. However, the requirement of three additional days of home isolation following the quarantine was kept unchanged.