China doubles down on zero-Covid after reopening rumours boosted markets ...Middle East

BEIJING: China said on Saturday that it would “unswervingly” stick to its zero-Covid policy, dampening the outlook for global markets following their recent surge on hopes that Beijing would cast aside some of its economically damaging virus curbs.China is the last major economy wedded to a strategy of extinguishing outbreaks as they emerge, imposing snap lockdowns, mass testing and lengthy quarantines despite the widespread disruption to businesses and international supply chains.Stock markets climbed on Friday in part on unsubstantiated rumours that Beijing was poised to announce significant changes to the policy or even lay out a path towards a full reopening.But authorities poured cold w

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