True, it can go up a bit more in Europe but last October Europe was already up to 20K deaths a week, peaking at 27K a week end of November.
Currently deaths are just under 6K for last week, combination of vaccines and better treatments I assume. Reported cases was actually less this time last year, but reporting and testing is an ever evolving process lol. And yeah, the virus is becoming milder as well. Still far from harmless and hospitals are still strained. But there is no more point in any lock downs.
China is a different story. Most of the population haven't encountered Covid-19 at all yet. If it got out now like it did in New Zealand and death rates would be similar, 700K Chinese could still die. Yet that was in March with the original Omicron. XBB would probably not cause that many deaths. Eventually China will have to stop with the lock downs. Of course the Chinese 'government' is nothing but stubbornn and dogmatic in their approach.