China Said to Postpone Key Economic Policy Meeting Due to Covid

The transcript discusses the anticipated Central Economic Work Conference in China, which was postponed due to a COVID-19 wave affecting major cities like Beijing and Shanghai. The conference was expected to address economic growth strategies and potential stimulus measures. The COVID-19 spike has significantly impacted the financial sector, with many employees calling in sick, leading to reduced trading volumes. Hospitals are overwhelmed, advising only severely ill patients to seek emergency care.

What is the significance of the number of COVID cases in relation to the Central Economic Work Conference?

What impact could the COVID situation have on financial trading in China?