China begins to relax Covid policy, lifting restaurant and seafood stock prices

There’s been a surge in the share prices of Chinese stocks listed in Hong Kong and the U.S., a sign investors are optimistic China is beginning gradual shift away from its zero-Covid policy.

Following widespread protests across China over the past week, the Chinese government has moved to ease some pandemic-related restrictions.

Chinese stock markets rallied after China’s top health body said it will bolster a vaccination effort targeted at senior citizens. Central government agencies have issued new warnings banning the implementation of excessive control measures, blaming local government entities for excessively severe Covid lockdowns.

The Hang Seng China Enterprises Index is up ... 

Photo courtesy of Graeme Kennedy/Shutterstock