KEY POINTSChina won’t likely make major changes to its Covid policy in the near future, despite this weekend’s protests, analysts said.“Without a clear guidance from the top, local officials are inclined to play safe by sticking to the existing zero-Covid stance,” said Larry Hu, chief China economist at Macquarie. “It upset many people, who expect[ed] more loosening following the ’20 measures’” announced earlier this month.“In the short term, the Covid policy will only be fine-tuned without moving the needle,” said Bruce Pang, chief economist and head of research for Greater China at JLL.BEIJING — China won’t likely make major changes to its Covid policy in the near future despite this weekend’s protests, analysts said.One of the reasons for public unrest was the local implementation of recent central government policy, they said.“Without a clear guidance from the top, local officials are inclined to play safe by sticking to the existing zero-Covid stance,” said Larry Hu, chief China economist at Macquarie. “It upset many people, who expect[ed] more loosening following the ’20 measures’” announced earlier this month.CNBC.com