A relaxation in COVID-19 restrictions and the anticipation of higher demand ahead of the Chinese New Year are driving a rise in gold prices in China. Gold prices reached their highest level earlier this week on 17th January after six months as spot gold jumped to $1,816.69 per ounce by 1:52 p.m. ET (1852 GMT), rising to $1,832.99. "Gold is following the decisions by China to further ease COVID restrictions," on the anticipation of higher demand from the region and in spite of rising yields," Bob Haberkorn, senior market strategist at brokerage firm RJO Futures told news agency Reuters in an interview. A report by the World Gold Council on China’s gold market predicts that China’s economic recovery and gold consumption are likely to benefit from the relaxation of the strict zero-COVID policy. The report also mentions that local gold consumption is also likely to receive traditional festive boosts from the Chinese New Year’s (CNY) holiday in late January. Bloomberg’s … [Read more...] about China’s gold demand slated to support high prices ahead of Chinese New Year
How are china handling coronavirus
As China reopens, online finger-pointing shows a widening gulf
China doctors battle covid surge (Image: AFP) A furious, wide-ranging argument is unfolding on the internet in China over the reversal of the government’s strict pandemic policies and the massive COVID surge that followed. The divisions are challenging the Communist Party’s efforts to control the narrative around its pandemic pivot. Since the party abandoned “zero-COVID” last month, many online commenters have staked out opposing positions over seemingly all manner of questions. Who should be blamed for the explosion of cases and deaths? Is a top government-appointed health expert trustworthy? Is omicron really less severe, as Chinese officials now say, when hospitals seem to be filling up with sick patients? They are even arguing over whether people should be allowed to set off fireworks during the upcoming Spring Festival holiday, after many did so during the New Year. The digital finger-pointing reveals a country that is deeply polarized, with each side distrustful and … [Read more...] about As China reopens, online finger-pointing shows a widening gulf
China’s new Covid-19 control protocol calls for monitoring mutated variants: Report
Representative image China's State Council joint prevention and control mechanism against COVID-19 has released a virus prevention and control plan. The new protocol has been released in accordance to the decision to downgrade the epidemic management from Class A to Class B. The new protocol stresses upon increasing inoculation of the vaccine, self protection against the virus and on monitoring the virus via China's national influenza surveillance network according to a report by the Global Times. Moneycontrol could not independently verify the report. Here's all that you need to know about the new Covid protocol: More Hospitals Citing the national influenza surveillance network the report said that 554 national influenza surveillance sentinel hospitals are required to conduct surveillance for influenza-like illness (ILI) and severe acute respiratory infections (SARI) surveillance. Genome Sequencing The new protocol urges upon collection of samples from … [Read more...] about China’s new Covid-19 control protocol calls for monitoring mutated variants: Report
Congress flouting Covid protocols: Union Minister Anurag Thakur as Bharat Jodo Yatra reaches Delhi
(Image: Congress) Union Minister Anurag Thakur on Saturday hit out at the Congress over its Bharat Jodo Yatra, accusing the party of abdicating its responsibility by flouting Covid protocols when the pandemic was rearing its head once again. Thakur also sought to know whether Rahul Gandhi, who is leading the Bharat Jodo Yatra, had undergone his Covid test as Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu, who had walked alongside him last week, was infected with coronavirus. ''Covid cases are rising in China and Japan. There are long queues outside hospitals, dead bodies are piling up. But you are not bothered about the interests of the country. You are bothered about only one family. Congress has displayed this attitude time and again,'' the senior BJP leader said. He also claimed that members of the ''tukde-tukde'' gang were walking alongside Gandhi in the Bharat Jodo Yatra, which entered Delhi on Saturday. ''If any one is walking with the Yatra, they are the … [Read more...] about Congress flouting Covid protocols: Union Minister Anurag Thakur as Bharat Jodo Yatra reaches Delhi