Markets are upbeat as China relaxes Covid regulations, but experts warn of impending peril.

Even though some experts cautioned that China was not equipped to live with the sickness, the price of some important commodities and global equities have increased amid optimism that a relaxation of the country’s rigorous zero-Covid regulations will help to reduce inflation.

The Chinese authorities made a huge turn toward accepting the virus on Wednesday. Mild or no symptoms Covid-19 patients can quarantine at home, and temporary lockdowns have been forbidden, according to orders given to officials. Testing won’t be necessary for “cross-regional migrants” anymore.

According to Premier Li Keqiang, China’s economic development will continue to accelerate with the implementation of the recently announced anti-Covid adjustment measures.