This week, China halved its quarantine requirement for incoming overseas travellers, inspiring confidence in the world's most populous nation.
This week, China's National Health Commission said that incoming foreigners must henceforth quarantine in a government-supervised facility for seven days, which is half the former 14-day isolation requirement. The major relaxation of China's COVID-19 regulations is anticipated to aid in the restoration of some international aviation travel, which remains at barely 2% of pre-pandemic levels.
While the majority of the globe has returned to routine while living with the coronavirus, China's continuing devotion to its "zero COVID" policy has harmed its economy.
"Zero COVID" has also infuriated governments throughout the globe, since the draconian approach has impeded pandemic recoveries in other countries. China is the greatest exporter of products on the planet. In 2019, China exported more than $2.60 quadrillion worth of goods.
Macau to Benefit
China's rigorous quarantine regulations have deterred many would-be overseas tourists. Some gamblers may be enticed to arrange a trip to Macau, the only site in the People's Republic where casinos are permitted, if China relaxes its quarantine regulations.
The shares of publicly listed casino businesses authorised to operate in Macau rose yesterday on the announcement of the quarantine. And analysts observing what was the world's largest gaming sector previous to the epidemic believe China is on the verge of rejoining other global giants in reviving despite the outbreak.
It’s a step in the right direction,” said Sanford C. Bernstein’s Asia gaming analysts Vitaly Umansky, Louis Li, and Shirley Yan
Since March 2020, China's first countrywide COVID-19 policy reform has been the loosening of quarantine regulations for overseas travellers. Nevertheless, the Communist Party had already granted Beijing and Wuhan permission to relax such isolation regulations.
Although China is reducing travel restrictions for foreigners, President Xi Jinping's government has not shown any intention to ease internal travel restrictions. Individual Visa Scheme (IVS), which permits mainlanders to enter China's two Special Administrative Regions (SARs) — Hong Kong and Macau — continues to be severely restricted.
“There is still no clarity about when border easing for Macau will occur. In the end, these changes are needed to see a rebound for Macau business,” the Bernstein analysts concluded.
President Available for Travel
Xi spent the duration of the epidemic within the People's Republic. After over 900 days, the leader stated this week that he will finally depart the mainland.
Tomorrow and Friday, Xi will visit Hong Kong to honour the 25th anniversary of China's rule over the SAR. Hong Kong was a British colony until 1997.
In January of 2020, Xi visited Myanmar, the president's last international excursion. The visit occurred few days before China's closure.
Throughout the whole worldwide epidemic, none other than Xi has declined to go overseas among the most prominent world leaders. Some claim that this action has diminished Xi's international status.
"Staying at home has impacted Xi Jinping's foreign influence, but he attempts to counteract this effect by virtually attending events," said Dongshu Liu, an assistant professor of Chinese politics at the City University of Hong Kong. Still, he cannot engage in casual discussions during international events absent his physical presence.
By fLEXI tEAM