Markets in China bounced post the National Health Commission report, stating that immense efforts are done to accelerate elderly vaccination, taking its Covid 19 combating strategy up a notch and implied for eased restrictions.

NHC statements have seen a tone change during a conference, as they also reported that the current spread strain is less threatening than earlier ones.

The change in the tone is geared far from the earlier strict policy which insisted on reaching muted rates with imposed curbs to demonstrate how China is effectively controlling the pandemic spread.

A bounce in the Chinese stock market by 4 % and the offshore yuan advanced by 1%, post a noticeable relief as it was mostly perceived that NHC today's statements lowered the probability of seeing similar protests like those witnessed during the past weekend.