Emergency services are scrambling to meet a Qantas plane that issued a mayday distress call on its way from New Zealand to Sydney Airport. Follow live updates here.
China’s top economic official told an audience of international billionaires and bankers that his country’s economy will likely rebound to its pre-pandemic growth trend this year after coronavirus infections passed their peak.
With Chinese gross domestic product expanding just 3 per cent for the whole of last year, Liu expressed confidence of a return to the rates of close to 6 per cent witnessed prior to the COVID-19 shock. Addressing the wave of COVID-19 infections which has strained hospitals in China, Liu said that the peak of infections had passed and consumption-related industries have returned to normal.
The imminent Lunar New Year holiday, when millions of workers travel from urban cities to the hometowns, means that any part of China that’s managed to evade the virus thus far will likely be facing outbreaks in the days to come. Death rates also tend to lag infections by several weeks, meaning the worst may be yet to come for some of the most vulnerable segments of the population.
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