Mask-wearing is still common on the streets of Beijing. Reuters
Mask-wearing is still common on the streets of Beijing. Reuters
Mask-wearing is still common on the streets of Beijing. Reuters
Mask-wearing is still common on the streets of Beijing. Reuters

China faces new stage in Covid fight as some restrictions are eased


Holly Johnston
  • English
  • Arabic

China is in a new stage of its fight against Covid-19 as several cities relax restrictions after protests erupted at the weekend, the country's Vice Premier said.

The country "is facing a new situation and new tasks in epidemic control" as the Omicron variant weakens and vaccinations increase, said Sun Chunlan, who oversees China's Covid response, in a meeting of the National Health Commission on Wednesday.

While Beijing will still enforce isolation measures, it will increase immunisations, according to comments shared by Xinhua, the state news agency, echoing an announcement on Tuesday that it would speed up inoculations for the elderly.

China is the world's last major economy to still enforce strict Covid-19 regulations since it was first detected in the city of Wuhan three years ago. President Xi Jinping has stuck to his zero-Covid policy, the ramifications of which sparked protests in several Chinese cities at the weekend.

Demonstrations started after 10 people died in an Urumqi apartment building fire on Saturday. Covid restrictions are being blamed as the reason for their deaths, hindering escape and rescue efforts, a claim officials have denied.

While authorities acted quickly to quash the protests, sending a large number of security forces on Monday, several local authorities have announced an easing of restrictions in hard-hit areas.

Lockdowns have been lifted in several districts in the industrial city of Guangzhou, where protesters clashed with riot police in hazmat suits on Tuesday. In Zhengzhou, businesses have reopened and home quarantine has been slashed for close contacts of Covid-positive cases in other cities, AFP reported.

  • Police stand guard during a protest against Covid-19 restrictions, in China's capital Beijing. Bloomberg
    Police stand guard during a protest against Covid-19 restrictions, in China's capital Beijing. Bloomberg
  • Demonstrators hold blank signs during a protest in Beijing, China. Bloomberg
    Demonstrators hold blank signs during a protest in Beijing, China. Bloomberg
  • An official speaks with a demonstrator holding a blank sign, during a protest in Beijing. Bloomberg
    An official speaks with a demonstrator holding a blank sign, during a protest in Beijing. Bloomberg
  • The death of at least 10 people in a fire in Urumqi, north-west China, which is under strict Covid restrictions, has led to protests nationwide. Bloomberg
    The death of at least 10 people in a fire in Urumqi, north-west China, which is under strict Covid restrictions, has led to protests nationwide. Bloomberg
  • Demonstrators in Beijing. Protesters blame the deaths in Urumqi on strict Covid restrictions on leaving buildings. The authorities deny this. Bloomberg
    Demonstrators in Beijing. Protesters blame the deaths in Urumqi on strict Covid restrictions on leaving buildings. The authorities deny this. Bloomberg
  • Police form a chain at Beijing protests. Demonstrations have also been reported in cities including, Shanghai, Nanjing, Chengdu, Lanzhou, Guangzhou and Wuhan – where Covid-19 was first reported. Bloomberg
    Police form a chain at Beijing protests. Demonstrations have also been reported in cities including, Shanghai, Nanjing, Chengdu, Lanzhou, Guangzhou and Wuhan – where Covid-19 was first reported. Bloomberg
  • Protesters march past a police vehicle during a demonstration against China's strict zero-Covid measures, in Beijing. Getty
    Protesters march past a police vehicle during a demonstration against China's strict zero-Covid measures, in Beijing. Getty
  • Protesters and police in Beijing. Chinese stocks fell over concerns about the impact of the demonstrations. Getty
    Protesters and police in Beijing. Chinese stocks fell over concerns about the impact of the demonstrations. Getty
  • Demonstrators rally in Beijing. China reported more than 40,000 new cases of Covid-19 on Monday. AFP
    Demonstrators rally in Beijing. China reported more than 40,000 new cases of Covid-19 on Monday. AFP

In the capital, daily testing requirements have also been relaxed, with people who do not leave home frequently — including the elderly and students in online education — now exempt from daily testing. A negative test result within the previous 48 hours will still be required for entry to various public places, however, including shopping malls and restaurants.

China's low number of vaccinations among the elderly was cited as a key reason for its continued lockdowns, often imposed at the last minute and for a relatively low number of cases.

A total of 38,500 domestic cases were recorded on Thursday, a decline from previous days, which saw consecutive records broken as cases reached an all-time high.

Its stringent policies have taken a significant toll on its economy in recent years, which further weakened after demonstrations began at the weekend. Beijing has defended its policies as necessary to "avoid disaster" in a country of more than a billion people.

While mass protests are rare, dissent is regular and "geographically widespread", according to the China Dissent Monitor, run by the US-based Freedom House.

Covid policies were among the grievances behind almost 700 instances of dissent it recorded from June to September, according to an annual report released in mid-November. Hubei province, north of Beijing, recorded the most activity, with 77 instances noted.

It estimated at least 27 demonstrations took place across China from Saturday to Monday, while Australia's ASPI think tank placed the number at 43 across 22 cities.

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
Full Party in the Park line-up

2pm – Andreah

3pm – Supernovas

4.30pm – The Boxtones

5.30pm – Lighthouse Family

7pm – Step On DJs

8pm – Richard Ashcroft

9.30pm – Chris Wright

10pm – Fatboy Slim

11pm – Hollaphonic

 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%20at%206%2C000rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E800Nm%20at%202%2C750-6%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ERear-mounted%20eight-speed%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E13.6L%2F100km%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Orderbook%20open%3B%20deliveries%20start%20end%20of%20year%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh970%2C000%3C%2Fp%3E%0A
Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
  • Artists and researchers fall under a programme called Pause that began in 2017
  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
  • Unlike students, they are allowed to bring their families to France
Haircare resolutions 2021

From Beirut and Amman to London and now Dubai, hairstylist George Massoud has seen the same mistakes made by customers all over the world. In the chair or at-home hair care, here are the resolutions he wishes his customers would make for the year ahead.

1. 'I will seek consultation from professionals'

You may know what you want, but are you sure it’s going to suit you? Haircare professionals can tell you what will work best with your skin tone, hair texture and lifestyle.

2. 'I will tell my hairdresser when I’m not happy'

Massoud says it’s better to offer constructive criticism to work on in the future. Your hairdresser will learn, and you may discover how to communicate exactly what you want more effectively the next time.

3. ‘I will treat my hair better out of the chair’

Damage control is a big part of most hairstylists’ work right now, but it can be avoided. Steer clear of over-colouring at home, try and pursue one hair brand at a time and never, ever use a straightener on still drying hair, pleads Massoud.

Biography

Favourite book: Zen and the Art of Motorcycle Maintenance

Holiday choice: Anything Disney-related

Proudest achievement: Receiving a presidential award for foreign services.

Family: Wife and three children.

Like motto: You always get what you ask for, the universe listens.

The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

Match info

Uefa Champions League Group H

Manchester United v Young Boys, Tuesday, midnight (UAE)

The Lowdown

Kesari

Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

RESULT

Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

List of alleged parties

 

May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff 

May 20, 2020: They attend 'bring your own booze party'

Nov 27, 2020: PM gives speech at leaving party for his staff 

Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson 

Dec 13, 2020: PM and his wife throw a party

Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters 

Dec 15, 2020: PM takes part in a staff quiz 

Dec 18, 2020: Downing Street Christmas party 

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

Everton%20Fixtures
%3Cp%3EApril%2015%20-%20Chelsea%20(A)%3Cbr%3EApril%2021%20-%20N.%20Forest%20(H)%3Cbr%3EApril%2024%20-%20Liverpool%20(H)%3Cbr%3EApril%2027%20-%20Brentford%20(H)%3Cbr%3EMay%203%20-%20Luton%20Town%20(A)%3Cbr%3EMay%2011%20-%20Sheff%20Utd%20(H)%3Cbr%3EMay%2019%20-%20Arsenal%20(A)%3C%2Fp%3E%0A
About RuPay

A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank

RuPay process payments between banks and merchants for purchases made with credit or debit cards

It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.

In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments

The name blends two words rupee and payment

Some advantages of the network include lower processing fees and transaction costs

Updated: December 01, 2022, 11:12 AM