China considers cutting $700 checks for all citizens due to COVID-19 economic struggles

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China considers cutting $700 checks for all citizens due to COVID-19 economic struggles
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The Chinese Communist Party should distribute cash vouchers to its citizens in order to alleviate COVID-related economic hardships, economists suggest.

On Sunday, China’s National Health CommissionWhile China has an overallof more than 92% having received at least one dose, that number is considerably lower among the elderly – particularly those over age 80 – where it falls to just 65%. The commission did not give details on the vaccination status of the latest deceased.

China's President Xi Jinping attends a session during the G-20 Summit on the Indonesian resort island of Bali on Nov. 16, 2022. That vulnerability is considered one reason why China has mostly kept its borders closed and is sticking with its rigid"zero-COVID" policy that seeks to wipe out infections through lockdowns, quarantines, case tracing and mass testing, despite the impact on normal life andNearly three years into the pandemic, while the rest of the world has largely opened up and the impact on the Chinese economy rises, Beijing has mostly kept its borders closed and discouraged travel even within the...

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