China reduces quarantine, ditches flight bans in zero-COVID easing

Markets cheer first changes to rules since top leadership meeting last month

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People line up to take a virus test in Guangzhou following an outbreak. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- China on Friday relaxed its controversial virus measures, triggering a rally on mainland and Hong Kong stock markets. But the easing comes after Beijing signaled it had no plans to ditch its zero-COVID strategy.

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