 
 
							A new study says Covid deaths in China "could be cut to less than 200,000" if Chinese authorities boost vaccination rates of elderly people with mRNA vaccines and other measures
 
 
							Profits at large industrial firms fell by 3.6% in the first 11 months of 2022, data showed Tuesday. A further fall is seen for December before things improve in the first quarter of 2023
 
 
							Stocks in Hong Kong, Shanghai and Tokyo all rose on Tuesday after Beijing dropped its quarantine requirement for inbound travellers; the US dollar also eased
 
 
							Subway trains in Beijing and Shanghai were packed, while some major traffic arteries in the two cities were jammed with slow-moving cars
 
 
							Analysts have warned the world's second-largest economy is "entering the most dangerous weeks of the pandemic"
 
 
							At least 37 million people caught the virus on Tuesday alone, according to data presented in a closed-door meeting
 
 
							Health officials say China's Covid crisis – said to be causing thousands of deaths a day – is likely to strain its fragile health system for at least two months
 
 
							Forecasters say $2.97 billion will be spent in the country, mostly driven by domestic consumers and tourism
 
 
							The change in policy will also apply to travellers from Hong Kong and Taiwan in what is a major shift in China’s rollback of its Covid curbs
 
 
							BioNTech vaccine shipment comes after China agreed to allow Germans in the country to get the shot following a deal during Chancellor Olaf Scholz's visit in Beijing last month
 
 
							China's "closed loop" system, which had been relied on by many factories throughout the zero-Covid era, is also beginning to fall apart
 
 
							India looks set to be the economic standout in the year ahead, with the central bank forecasting 6% growth for the next fiscal year starting in March.