China readies new COVID rules as investors cheer easing shift - Reuters

HONG KONG/BEIJING, Dec 5 (Reuters) - China is set to announce the further easing of some of the world's toughest COVID curbs as early as Wednesday, sources told Reuters, as investors cheered the prospect of a policy shift that follows widespread protests and mounting economic damage.

"All we want is to recover at home," she told Reuters, speaking on condition of anonymity.

The yuan jumped to its strongest level against the dollar since mid-September amid a broad market rally as investors hope the unwinding of pandemic curbs will brighten the outlook for global growth.

In another hopeful sign, a source at Apple supplier Foxconn (2317.TW) told Reuters the firm expected its COVID-hit Zhengzhou plant - the world's biggest iPhone factory - to resume full production this month or early next.

Alongside the easing in different cities, Vice Premier Sun Chunlan, who oversees China's COVID efforts, said last week the ability of the virus to cause disease was weakening.

In recent days, major cities across China have continued loosening measures.

Li said his firm still required him to test every day to go to the office.

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