Reports say China aiming for less disruptive COVID policies
By JOE McDONALD
AP Business Writer
BEIJING (AP) — China’s health ministry has said its severe anti-virus controls should be made less disruptive and a city with the world’s biggest iPhone factory has promised to ease restrictions. Companies and investors are watching for signs the ruling Communist Party might relax “Zero COVID” controls that block travel and business activity. The ruling party newspaper People’s Daily tried last month to dispel hopes for a quick end, saying “Zero COVID” was working and must stay in place. But Hong Kong’s stock market benchmark gained 5.4% after the Global Times, published by People’s Daily, reported the National Health Commission wants to control outbreaks with “the minimum scale affected” and “lowest cost possible.”