💰 China's widening COVID curbs trigger public pushback

TL;DR

- Summary- Companies- China sets second straight daily record of local infections- French business chamber calls for proper COVID 'optimisation'- Dissatisfaction crops up in cities under varying lockdowns- Central bank reduces cash banks must hold as reservesBEIJING, Nov 25 (Reuters) - Frustration simmered on Friday among residents and business groups in China navigating stricter COVID-19 control curbs as the country reported another record high of daily infections just weeks after hopes had been raised of easing measures.The French Chamber of Commerce in China urged authorities to properly implement COVID "optimisation" measures announced two weeks ago, in a statement shared extensively on social media after the French embassy posted it on its Twitter-like Weibo account on Thursday.The announcement of the 20 measures, just as rising cases prompted an increasingly heavy response under China's strict zero-COVID approach, has caused widespread confusion and uncertainty in big cities, including Beijing, where many residents are locked down at home.Oxford Economics senior economist Louise Loo said that reports of public dissatisfaction across provinces in partial or full lockdowns have gained momentum, as was the case during the last big outbreak in April, although these "don't yet reflect large-scale collective action"."As before, we expect officials to be able to respond swiftly to stem the social risk of escalating protests, either through a combination of heavier-handed information controls or with piecemeal easing of restrictions," Loo wrote."

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