Officials have made clear that they are sticking with the zero-COVID policy for now. There are some signs that they are becoming more serious about removing the main roadblocks to reopening –...

Recent policy announcements have raised hopes that the property downturn may be coming to an end. But while the measures made public so far reduce some of the downside risks by giving developers and...

The easing of containment measures announced today is aimed at reducing the economic cost of the zero-COVID policy, not moving away from it. But it risks making it harder for local governments to keep...