China regulators, state banks split staff as fears mount about new COVID-19 outbreaks: Sources

China regulators, state banks split staff as fears mount about new COVID-19 outbreaks: Sources

Channel NewsAsia - Commentary·2022-12-09 21:02

HONG KONG: Chinese regulators and state-owned banks are taking steps to split staff at their workplaces in Beijing, sources told Reuters, as businesses brace for a possible spike in COVID-19 cases after China relaxed virus restrictions in a major policy shift.

The arrangements highlight how lingering anxieties created by Beijing's three-year "zero-COVID" policy are likely to hamper a quick return to health for the world's second-largest economy, despite its pivot away from strict containment measures.

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