China's Covid Cases Jump to a Record as Outbreaks Persist

The transcript discusses the government's strict stance on COVID spread, emphasizing no tolerance for community transmission. It highlights the economic impact of these measures, including delayed reopening and economic rebound. The government is focusing on supply-side responses, such as rate cuts and support for housing companies, but offers little aid to the services sector. The ongoing COVID 0 policy suppresses demand and supply, hindering economic recovery.

What challenges are faced by specific sectors such as tourism and restaurants due to COVID-19 restrictions?

What are the potential future implications for the economy if COVID-19 cases are brought under control?