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Locals wearing personal protective equipment (PPE) line up to enter a specialized hotel for medical observation and quarantine in Zhengzhou city on Nov. 1, 2022. Vcg | Visual China Group | Getty Images BEIJING — Chinese stocks rallied this week as investors hoped Beijing would soon relax its stringent Covid policy. The Shanghai composite gained 5% during the week. The Hang Seng Index notched weekly gains of well over 8%, bouncing back from 13-year lows hit in the last two weeks. The Chinese government has yet to announce any official policy change. Covid-related restrictions on travel, regular virus testing requirements and other measures generally remained just as tight. However, the stock rally that accelerated Friday followed multiple unconfirmed rumors of a coming Covid policy change. "The rally that we saw this morning was primarily triggered by the hope for reopening to happen earlier than expected," Zhiwei Zhang, president and chief economist at Pinpoint Asset Manage...

China's President Xi Jinping kicks off the ruling party's 20th National Congress — held once every five years — with an opening speech at the Great Hall of the People in Beijing on Oct. 16, 2022. The week-long event is expected to pave the way for him to stay on for an unprecedented third five-year term. Noel Celis | AFP | Getty Images BEIJING — Chinese President Xi Jinping said China reserves the option of "taking all measures necessary" against "interference by outside forces" on the issue of Taiwan. In a wide-ranging speech Sunday, Xi spoke firmly about China's resolve for reunification with the self-governed island, which Beijing considers part of its territory. He was speaking at the opening ceremony of the ruling Communist Party of China's 20th National Congress, held once every five years. "We will continue to strive for peaceful reunification with the greatest sincerity and the utmost effort," Xi said in Chinese, according to an...