RE: NO RNS YET # VOLZ11 Nov 2022 11:29
Hi Cuvio
Some of the big Wall St China research teams have also suggested that Covid rules will be relaxed the early part of next year.
There have been huge net outflows from International investors in both the Chinese and HK markets recently with the HK market trading at multi-year lows just last week.
International perception is that Xi is anti-West, anti-growth and is ruling with an iron fist. He has basically anointed himself and will likely rule for many years. All of these factors cause uncertainty in the markets and as we know the markets hate uncertainty.
But China needs the West and the West needs China and Xi is far from stupid. Chinese businesses are being hurt and the Chinese people are being hurt by the current zero-Covd policy. So the zero-Covid will likely be abolished by the end of Q1. Some are speculating it could be earlier.
How he sells this to his people is anybody’s guess. But they’ll have thought of something. And in any case, what he says goes!