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China braces for COVID holiday surge as people leave megacities for hometowns

By Martin Quin Pollard and Bernard Orr BEIJING (Reuters) - Luggage-laden passengers flocked to railway stations and airports in China's megacities on Monday, heading home for...

By Martin Quin Pollard and Bernard Orr

BEIJING (Reuters) - Luggage-laden passengers flocked to railway stations and airports in China's megacities on Monday, heading home for holidays that health experts fear could intensify a COVID-19 outbreak that has claimed thousands of lives.

After three years of strict and suffocating anti-virus controls, China in early December abruptly abandoned its "zero COVID" policy, letting the virus run freely through its 1.4 billion population.

Authorities on Saturday said nearly 60,000 people with COVID had died in hospitals between Dec. 8 and Jan. 12, a huge increase from previous figures that had been criticised by the World Health Organisation for not reflecting the scale and severity of the outbreak.

Even those numbers most likely exclude many people dying at home, especially in rural areas with weaker medical systems, one health expert has said. Several experts forecast more than one million people in China will die from the disease this year.

Ahead of the Lunar New Year holidays, also known as the Spring Festival, which officially starts on Jan. 21, state media has been filled with stories of rural hospitals and clinics bolstering their supplies of drugs and equipment.

"The peak of COVID infection in our village has passed, but the Spring Festival is approaching and there are still left-behind villagers, especially the elderly, at risk of secondary infection," a doctor in Shaanxi province said in an article by regional news outlet Red Star News.

"If the anti-viral and other drugs were more abundant, I would be more confident," the doctor added.

As well as fever drugs and oxygen supplies, China's National Health Commission has said it would equip every village clinic with pulse oximeters, fingertip devices commonly used during the pandemic to quickly check oxygen levels.

TRAVEL RUSH

Beijing's main rail station has been packed with passengers leaving the capital in recent days, according to Reuters witnesses.

In China's most populous city, Shanghai, temporary night trains have been added to meet demand for travellers heading to the eastern Anhui Province, China's official state news agency Xinhua reported.

Meanwhile, daily arrivals in the gambling hub of Macau exceeded 55,000 on Saturday, the highest daily arrivals since the pandemic began.

In Hong Kong, the government has said it would increase the number of people who can pass through designated land border control points to the mainland to 65,000 people per day from 50,000 between Jan. 18 and Jan. 21.

China's transport ministry has said it expects more than 2 billion trips in the weeks around the holidays.

The revival of travel in China has lifted expectations of a rebound in the world's second-largest economy, which is suffering its lowest growth rates in nearly half a century.

Those hopes helped lift Asian equity markets on Monday, adding to gains of 4.2% last week.

China's blue-chip index was up 0.6% on Monday, while global oil prices have also been supported on expectations of a recovery in demand from the world's top importer China.

Chinese data on economic growth, retail sales and industrial output due this week are certain to be dismal, but markets will likely look past that to how China's reopening could bolster global growth, analysts say.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

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EUR/USD

1.0658

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GBP/USD

1.2475

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USD/JPY

157.91

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

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168.32

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EUR/CHF

0.9808

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10,854.40

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
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SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
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SJC 99%7,196/ 7,396
(0/ 0) # 386
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