In recent weeks, local cases have been trending lower since a late November peak of 40,052, official figures show, however. Sunday's tally of 8,626 was down from 10,597 new cases the previous day.
But the figures reflect the dropping of testing requirements, say analysts, while Chinese health expects have warned of an imminent surge.
In comments on Monday in the state-backed newspaper Shanghai Securities News, Zhang Wenhong, head of a team of experts in the commercial hub, said the current outbreak could peak in a month, though the end of the pandemic might be three to six months away.
In a WeChat post, Zhang's team said that despite the surge, the current Omicron strain did not cause long-term damage and people should be optimistic.
"We are about to walk out of the tunnel; Air, sunshine, free travel, all waiting for us," the post said.
STOCKS, YUAN SAG
China's stock markets broadly retreated and the yuan eased from a near three-month high hit in the previous session, as investors fretted that rising infections might disrupt consumption and manufacturing.
But for the same reason, demand surged for stocks in Chinese drugmakers and providers of masks, antigen tests and funeral services.
"Please protect yourself," the management of a condominium in the capital's Dongcheng district warned residents on Sunday, saying almost all its staff had been infected.
"Try as much as you can not to go out ...," it said on messaging app WeChat. "Be the first person to take responsibility for your own health, let’s face this together."
Such messages appear to have hit home for some who say they are reluctant to visit crowded places or dine at restaurants.
That is why few analysts expect a quick, broad rebound in spending in the world's second largest economy, as the glee that greeted the abrupt relaxations was tempered with uncertainty for consumers and businesses.
Yet China is pushing to free up nationwide travel, even if foreign trips may be a while off.
A state-mandated mobile app identifying travellers to COVID-19 stricken areas will shut down at midnight on Monday, according to a notice on its official WeChat account.
The number of domestic flights available across China exceeded 7,400, nearly double from a week ago, flight tracker app VariFlight showed.
New home sales in 16 cities picked up last week, in a move partly attributed to the easing of curbs, as people venture out to view homes, the China Index Academy said.
https://news.google.com/__i/rss/rd/articles/CBMiZGh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYXNpYS9xdWV1ZXMtZm9ybS1mZXZlci1jbGluaWNzLWNoaW5hLXdyZXN0bGVzLWNvdmlkLTE5LXN1cmdlLTMxMzgzMzHSAQA?oc=5
2022-12-12 11:00:40Z
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