Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

China to refine COVID measures, reiterates need for persistence

Published 10/15/2022, 04:44 AM
Updated 10/15/2022, 07:51 AM
© Reuters. A woman walks past a poster welcoming the 20th National Congress of the Communist Party of China, in Beijing, China October 14, 2022. REUTERS/Tingshu Wang

By Yew Lun Tian

BEIJING (Reuters) -China will make its COVID-19 prevention measures more scientific, accurate and effective, a spokesman for the ruling Communist Party said on Saturday, while reiterating Beijing's stance that its pandemic approach is the right one.

Beijing this week reaffirmed its commitment to a COVID policy that has prevented mass infection and death but has also caused deep economic damage and sown widespread frustration among Chinese citizens.

Speaking to reporters ahead of the party's once-every-five-years congress, which runs from Sunday through Saturday in Beijing, party spokesman Sun Yeli said while he hoped the pandemic would end soon, the reality was it had not.

China's "dynamic zero" policy has kept the infection and fatality rate low and ensured social and economic stability, he told reporters.

"If you count the general ledger, our epidemic prevention measures are the most economical and effective," Sun said.

"Our prevention and control strategies and measures will become more scientific, more accurate, and more effective," he said. "We firmly believe that the dawn is ahead, and persistence is victory."

Since 2020, China has reported 5,226 COVID-19 fatalities among its population of 1.4 billion. In contrast, more than 1 million people have died of the disease in the United States.

From April through June, the world's second-largest economy barely grew as authorities battled the highly transmissible Omicron variant. Cities across China, including its financial capital Shanghai, have been subjected to various degrees of economically disruptive and socially stifling lockdowns.

President Xi Jinping is widely expected to win a third five-year term as the party's general secretary at the congress, becoming the most powerful leader since Mao Zedong.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The congress comes at a tumultuous time, as China's economy is dragged down by Xi's COVID policy and a deep property sector crisis, and as his support for Russia's Vladimir Putin further alienates China from the West.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.