China tackles medical supply snags, price gouging amid COVID fears - Capital Street FX

 

China said on Saturday it would stop checking truck drivers and ship crew transporting goods domestically for COVID-19, removing a key bottleneck from its supply chain network as a dismantling of the country’s zero-COVID policy gathers speed.

The country this week made a dramatic pivot toward economic reopening, loosening key parts of the COVID policy in a shift that has been welcomed by a weary public but also is now stoking concerns that infections could spike and cause further disruptions.

With Beijing requiring less testing and letting those with mild to no symptoms quarantine at home, the focus has shifted to ensuring adequate provisions of medicines and shoring up the country’s healthcare system, which experts say could be quickly overwhelmed.

Three years after the coronavirus emerged in central China, citizens were eager for Beijing to start to align with the rest of the world, which has largely opened up in an effort to live with COVID. After widespread protests, the authorities switched course, sparking fear in a country with a relatively low vaccination rate where people had been taught to fear the disease.

Earlier this year, amid mass lockdowns, much of China’s supply chain network was thrown into chaos by requirements for those involved in goods transportation to show negative COVID test results or health codes at checkpoints.

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