China said on Saturday that it would "unswervingly" stick to its zero-Covid policy, dampening the outlook for global markets following their recent surge on hopes that Beijing would cast aside some of its economically damaging virus curbs.
China is the last major economy wedded to a strategy of extinguishing outbreaks as they emerge, imposing snap lockdowns, mass testing and lengthy quarantines despite the widespread disruption to businesses and international supply chains.
Stock markets climbed on Friday in part on unsubstantiated rumors that Beijing was poised to announce significant changes to the policy or even lay out a path towards a full reopening.
But authorities poured cold water on the speculation, with National Health Commission (NHC) spokesperson Mi Feng confirming on Saturday that Beijing would "stick unswervingly to... the overall policy of dynamic zero-Covid".
"At present, China is still facing the dual threat of imported infections and the spread of domestic outbreaks", Mi said at a press briefing.
"The disease control situation is as grim and complex as ever," he said. "We must continue to put people and lives first."
China recorded 3,659 new infections on Saturday, the majority of which were asymptomatic, according to the NHC.
The thousands of domestic cases logged in the past week represent a tiny fraction of the country's vast population, but have been enough for officials to take drastic action -- sometimes with unpopular or tragic consequences.
A lockdown of the world's biggest iPhone factory in the central city of Zhengzhou prompted large numbers of workers to flee on foot, alleging food shortages, inadequate medical care and poor treatment from their employer, Taiwanese tech giant Foxconn.
On Thursday, authorities in the northwestern city of Lanzhou made a rare apology after a three-year-old boy died of carbon monoxide poisoning following his denial of medical treatment during a weeks-long Covid lockdown.
Officials on Saturday criticized the use of "excessively layered" and "one-size-fits-all" policies in some locales but insisted the overall zero-tolerance virus approach was "correct".
Officials also said they would begin a push to increase vaccinations among the elderly, noting that while 86.35% of citizens aged 60 and over are fully vaccinated, fewer people 80 and older have had vaccinations and boosters.
