I posted earlier in the session on the new plan coming to support the nearly-dead property sector in China. This is in addition to China’s 20-point plan to deal with COVID in a more targeted way, not the slash-and-burn lockdown imposed across cities of millions when a handful of cases were found.
Links here:
The new COVID policies will be put to the test with the latest outbreaks seeing, for example, Beijing reporting its highest local case count in more than a year today (404 reported for November 12).
Oil is ticking higher in the new week’s trade on the outlook for improved demand out of China:
This article was originally published by Forexlive.com. Read the original article here.