Economists see limited growth boost from China's quarantine cut

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June 29, 2022 2:13 PMBEIJING (BLOOMBERG) - China's cut to quarantine times for inbound travelers is boosting sentiment, but the change will likely have a modest impact on the world's second-largest economy unless more dramatic measures are taken.

Goldman Sachs economists led by Dr Hui Shan cautioned that the Omicron variant's transmissibility presents some uncertainty, as "new guideline might also increase the risk of tightened restrictions in the future should there be outbreaks on a larger scale".

Most of them said that while the revisions signal Beijing is taking a more practical approach to its Covid Zero policy, it is still too early to anticipate an end to that strategy any time soon.

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Category: Economy

Topics: Year Policy Zero Growth China Cent Quarter Economists Added Covid-19 Quarantine

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Article Type: News Report

Published On: 2022-06-29, 14:13:21

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 636 words

Coverage Area: Singapore

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News ID: 19750

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