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Al Jazeera
Al Jazeera
Business

China stocks, yuan slide as Beijing doubles down on ‘zero COVID’

China Beijing Carlos Casanova Jeffrey Halley Politburo Pandemic Al Jazeera
Chinese stocks and the yuan slid after Beijing doubled down on its controversial 'zero-COVID' strategy [File: Justin Chin/Bloomberg]

China’s stock markets and the yuan slumped on Friday, after the country’s top decision-making body warned against criticism of its controversial “dynamic zero-COVID” policy.

The CSI300 index fell 1.7 percent to 3,943.61 by 01:48 GMT, while the Shanghai Composite Index lost 1.4 percent to 3,024.49. Hong Kong’s Hang Seng fell 2.5 percent to 20,277.17.

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