World shares gain after China relaxes more COVID rules
Shares have advanced in Europe and Asia after China announced it would relax more of its pandemic restrictions despite widespread outbreaks of COVID-19 that are straining its medical systems and disrupting economic activity BANGKOK -- World shares advanced Tuesday after China announced it would relax more of its pandemic restrictions despite widespread outbreaks of COVID-19 that are straining its medical systems and disrupting business. China's National Health Commission said Monday that passengers arriving from abroad will no longer have to observe a quarantine, starting Jan. 8. They will still need a negative virus test within 48 hours of their departure and to wear masks on their flights. But it was the latest step toward dropping once-strict virus-control measures that have severely limited Travel to and from the world's No. 2 economy. “With economic activity floundering, and multinationals questioning the viability of China as a sourcing location, policy...