The Chinese capital is preparing for a "new life" as restrictions are lifted across the country

Starting Tuesday, an increasing number of restrictions are being gradually lifted in the Chinese capital. Now people living in China can enter stores and offices without showing a negative COVID test. This easing was introduced after last month’s protests in China.

The headline of the government-owned newspaper China Daily reads: "Beijing readies itself for life again". The newspaper article talks about the gradual return of China’s population to normality.

China could announce 10 new lockdown easing measures on Wednesday, two people familiar with the matter told Reuters. Many cities in China are lifting local restrictions. Reuters reported that the country's management of disease could be downgraded from the current highest infectious disease category A to a less stringent category B.

According to a commentary by the Xinhua news agency, the most difficult period has passed, citing the weakening of the pathogenicity of the virus and efforts to vaccinate 90% of the population.

This sparked optimism among investors regarding the reopening of the Chinese economy. Economists believe, the economic recovery of China can stimulate the growth of the global economy.