A number of provinces and cities in China are gradually loosening their COVID restrictions. But will the world’s second largest economy recover from this?

Some reports showed that Beijing and Shenzhen are taking steps to loosen COVID testing requirements and quarantine rules though their daily cases are near all-time highs, while Guangzhou and Chongqing have abruptly lifted restrictions.

Local authorities took action after protests broke out in various places across China over its strict COVID lockdown measures.

According to a U.S.-based news outlet, the Chinese communist regime is gradually relaxing the “zero-Covid” policy following the White Paper Movement. However, people can still be seen lining up all over China, preparing for COVID testing.

Regarding the loosening of restrictions, Shen Xiaowen, a resident of Shanghai, said that she does not feel the impact too much.

She said that people still need 72 hours of COVID test before going to work, or at least 48 hours of testing to go out to dinner.

Li Shishi, a Beijing resident, said that she thinks everyone should be still in a wait-and-see attitude. She said that the pandemic policy has indeed loosened, but it may be tightened again one day.

Ian Bremmer is president and founder of Eurasia Group, a U.S. political risk advisory firm. He said that China’s pace of loosening COVID curbs would be slow.

He also warned that Chinese authorities may also go back and restart the lockdown.

The regime’s zero-COVID policy has already hurt the country’s economy. Data from the National Bureau of Statistics showed that China’s industrial profits and manufacturing activities both declined.

In addition, if China fully lifts the lockdown, it may also face a new economic problem.

Sun Mingde, director of the Prosperity Prediction Center of the Taiwan Economic Academy, said “Once the Chinese mainland lockdown is lifted, it is likely that its prices will skyrocket.”

Sign up to receive our latest news!

By submitting this form, I agree to the terms.